OpenAI says it is on track to make $1 billion in 2023 as viral success of ChatGPT brings lavish investor attention

OpenAI is valued at nearly $30 billion as investors line up to back company that created ChatGPT. CEO Sam Altman says it could become one of the most valuable companies in the world. It is now valued at nearly $30 billion after a surge in interest in AI and the success of chatbot ChatGPT. <br><br>OpenAI CEO Sam Altman says the company is on track to make $1 billion in revenue this year and could become one of the world’s most valuable companies. OpenAI tells investors it is on track to post $1 billion in revenue this year and break even in 2024, a major financial milestone for a company that until last year had lost hundreds of millions of dollars per year. The chatbot has generated enormous interest, with some developers creating apps that allow them to chat to digital versions of themselves. <br><br>Mr Altman, who in recent days has met investors in New York, Boston and San Francisco, said OpenAI was on track to be one of the most valuable companies in the world: “If you train a model that’s 10 times better, that means you can make 10 times as much money at the same cost.”