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OpenAI On the Path to Fortune 500 Due to Increasing Revenue

OpenAI On the Path to Fortune 500 Due to Increasing Revenue

I am very jealous of how American entrepreneurs keep sending companies to Fortune Global 500 all the time while we’re just here reporting and chronicling them. I mean, ChatGPT’s OpenAI is possibly making the club soon: “Report from the Financial Times has revealed that the revenue of ChatGPT maker, OpenAI, has hit a remarkable $2 billion in revenue.”

Those kinds of requests would trigger the agent to perform the clicks, and cursor movements, document to a spreadsheet for analysis, for instance, or automatically fill out expense reports and enter them in accounting software.

According to Altman, he disclosed that 92 percent of Fortune 500 companies were using OpenAI products, including ChatGPT and its underlying AI model GPT-4, as of November last year, while the chatbot has 100mn weekly users, as Consumer and business interest in generative Al system has skyrocketed.

From Google’s Alphabet to Facebook’s Meta, and Alibaba to Tencent, America and China, respectively, have inserted themselves into the top 500 largest global companies by revenue, in the last three decades, in an unprecedented way. To tell you how great these two countries are on minting these new species of companies, within those last three decades, I am not sure any NEW UK company has joined the party. (Nigeria of course has no representative yet, ever).

Good People, when they say creative destruction, America shows it at scale. A century ago, US Steel was America’s largest company by market cap. Fifty years later, IBM ruled. In the 1980s, General Electric was the king of the market. Apple and Microsoft now run the show. They come and go. The era of OpenAI and cousins may just be starting. #respect

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ChatGPT’s OpenAI Hits $2 Billion Revenue Milestone


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