OpenAI, the parent company of ChatGPT, is on track to double its annual revenue to $3.4 billion. This information was shared by CEO Sam Altman with the employees, as reported by news agencies Bloomberg and tech news site The Information.

During a meeting with all staff on Wednesday, Altman mentioned that the majority of this revenue, around $3.2 billion, comes from OpenAI’s products and services. Altman also stated that OpenAI aims to generate approximately $200 million in revenue by providing access to its AI models through Azure, Microsoft’s cloud division.

OpenAI is recognized as a key player in the advancement of artificial intelligence, largely due to the success of ChatGPT. In recent months, OpenAI has focused on increasing revenue from its AI products by offering services to corporate clients.

Earlier this week, Apple announced a partnership with OpenAI. Apple users will soon have access to ChatGPT through the digital assistant Siri. This collaboration is expected to further expand the reach of OpenAI’s technology and services in the market.

Overall, OpenAI’s growth and strategic partnerships indicate a promising future for the company in the field of artificial intelligence. With a strong focus on innovation and collaboration, OpenAI continues to drive advancements in AI technology and services for various industries.