OpenAI's ChatGPT is rapidly gaining traction. According to reports from The Information, the number of paid users for the service has surged to 20 million in just three months, marking a 30% increase from 15.5 million at the end of last year. This highlights the growing interest in AI capabilities for coding, article writing, and medical and financial consultations.

The monthly revenue for ChatGPT currently stands at $415 million, equating to $5 billion annually. In addition to the standard ChatGPT Plus subscription priced at $20/month, OpenAI offers a premium Pro plan for $200/month, further boosting revenue. The company also profits from its models through the API, which generated approximately $2 billion in 2023. If growth continues at this rate, OpenAI could reach $12.7 billion in revenue by 2025, significantly exceeding the projected $4 billion for 2024.

Despite the overall growth, the share of paid users has dropped from 5% to 4%. Meanwhile, the number of active users per week has climbed to 500 million, a 43% increase from 350 million at the end of 2023.

It's worth noting that OpenAI recently completed a new funding round, raising $40 billion. This marks the largest funding round for a private tech company in history. The company's valuation now stands at $300 billion.