The Information
Here’s a suggestion for OpenAI’s management: Stop issuing long-range revenue forecasts to investors. While we at The Information love getting our hands on these , as they make for good stories , it’s doubtful they’re doing OpenAI much good. How can anyone take seriously forecasts for revenue reaching as far out as 2030? (OpenAI projects total revenue will reach $284 billion by then, compared with $13 billion last year.) Analyst Jim Chanos is a well-known skeptic, but his suggestion in February that the company’s projections were maybe “just guesses” likely resonated with a few people. Take OpenAI’s forecasts we reported on today about the company’s expectations for advertising. They projected that ChatGPT will generate $2.4 billion in ad revenue this year, even though it only started testing ads in February. That seems ambitious , although not as ambitious as the $11 billion forecast for next year or the $102 billion for 2030.
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