OpenAI has achieved a significant financial milestone, announcing that its annualized revenue run rate has reached $10 billion as of June 2025, nearly doubling from $5.5 billion just six months earlier.
The revenue surge excludes licensing deals with Microsoft and other large one-time transactions, coming primarily from ChatGPT subscriptions and API services. With over 3 million paying business customers and between 800 million to 1 billion weekly active users, OpenAI appears well-positioned to meet its previously projected revenue target of $12.7 billion for 2025.
Despite this impressive growth, the company remains unprofitable, having posted an estimated $5 billion in losses in 2024. OpenAI is targeting long-term profitability by 2029, with ambitious revenue goals of $125 billion by that time.
The company's infrastructure investments have been substantial. Earlier this year, OpenAI partnered with SoftBank and Oracle on the $500 billion Stargate infrastructure program, which aims to build massive AI data centers across the United States. The initial deployment includes $100 billion for immediate investment, with construction already underway on the first facility in Texas.
Simultaneously, OpenAI is working to reduce its dependency on external hardware providers. The company is on track to finalize the design of its first in-house AI chip this year, with plans to send it for fabrication at Taiwan Semiconductor Manufacturing Co. (TSMC). This strategic move aims to strengthen OpenAI's negotiating position with chip suppliers like Nvidia, which currently dominates the AI chip market with an 80% share.
As OpenAI's valuation has soared to $300 billion following a record $40 billion funding round in March 2025, the company's rapid revenue growth demonstrates its increasing commercial success in the competitive AI sector. Industry analysts note that OpenAI's continued expansion poses a growing challenge to established tech giants, particularly Google's search dominance.