Including cutting ad rates. Now has 60K advertisers (although most are still spending test budgets there) -> OpenAI continues to work to grow its ad business in ChatGPT, cutting ad rates, chasing small and midsize businesses, and hiring some new talent from Meta
"OpenAI is trying to make advertising, which is still small relative to the rest of its business, a significant driver."
"Since OpenAI started showing ads in February, annualized revenue from ads reached $1 billion in late August. In comparison, OpenAI neared a $50 billion annualized revenue pace for its overall business at the end of September, largely thanks to subscriptions to ChatGPT and related products, such as its Codex agent, as well as direct sales of its models."
"OpenAI had about 60,000 advertisers on its platform in early October, up from 20,000 in late August, according to Dan Salmon, partner at New Street Research, a Wall Street research firm."
https://t.co/mp5nPrB6jy

X (Twitter) · 2 days