Sam Altman says OpenAI’s revenue is ‘well more’ than $13 billion and could hit $100 billion by 2027

In an episode of Bg2 pod Published on Friday, host Brad Gerstner, who is also the founder of Altimeter Capital, asked how the company could make financial commitments totaling $1.4 trillion when annual revenue is $13 billion.

“We generate more revenue than that,” Altman replied.

OpenAI has announced huge AI infrastructure deals in recent weeks with companies like Nvidia, Broadcom, and Oracle. That’s because so-called AI superpowers like Amazon, Alphabet, Meta, and OpenAI’s largest investor Microsoft collectively total hundreds of billions of dollars a year in capital expenditures.

While OpenAI continues to raise tens of billions of dollars from investors and generate billions of dollars in revenue, Altman also warned of continued losses.

Microsoft’s latest quarterly results included a $4 billion charge, implying that OpenAI lost $12 billion last quarter. OpenAI did not immediately respond to a request for comment.

But on Bg2 podAltman quickly followed up on his commentary on OpenAI’s revenue with a vehement attack on those who doubted his company.

“We plan to grow revenues sharply,” he said. “Revenues are growing sharply.” “We are betting that it will continue to grow and that ChatGPT will not only continue to grow, but that we will be able to become one of the important AI clouds, that our consumer hardware business will be something significant and important, and that AI that can automate science [and] “It will create great value.”

Altman added that one of the rare cases in which being a publicly traded company is attractive is when there is a chance for short sellers to make a significant loss.

“I would tell them they can short sell stock, and I would love to see them get burned for it,” he said.

However, Altman acknowledged that OpenAI is taking a risk and could stumble, noting that if it doesn’t get enough computing power, revenue could fall short of expectations.

But Microsoft CEO Satya Nadella, who also appeared on the podcast, said OpenAI has surpassed all the business plans he’s seen.

“Everyone talks about all the success and use and what have you,” he said. “But to say it all, the execution of the works was pretty incredible.”

Later in the conversation, Altman hinted at even greater revenue growth in the next few years.

Sources said last year New York Times OpenAI expects revenue to reach $100 billion by 2029.

While talking about the possibility of OpenAI going public in the coming years, PG2 Host Gerstner floated revenue estimates exceeding $100 billion annually in 2028 or 2029.

“How about 27?” Altman intervened.