Sam Altman says ‘enough’ to questions about OpenAI’s revenue

Sam Altman says ‘enough’ to questions about OpenAI’s revenue

OpenAI CEO Sam Altman just lately said that the company is doing “well more” than $13 billion in annual revenue — and he sounded slightly testy when pressed on the way it pays for its large spending commitments.

His comments got here up during a joint interview on the Bg2 podcast between Altman and Microsoft CEO Satya Nadella about the partnership between their two corporations. Host Brad Gerstner (who’s also founder and CEO of Altimeter Capital) introduced up experiences that the company is at present bringing in round $13 billion in revenue — a large quantity, however one that’s dwarfed by more than $1 trillion in spending commitments for computing infrastructure that OpenAI has made for the next decade.

“First of all, we’re doing well more revenue than that,” Altman said. “Second of all, Brad, if you want to sell your shares, I’ll find you a buyer. I just — enough. I think there are a lot of people who would love to buy OpenAI shares.”

“Including myself,” Gerstner interjected.

Altman then added that there are critics who “talk with a lot of breathless concern about our compute stuff or whatever that would be thrilled to buy our shares.”

In fact, he said that although there are “not many times” when he needs OpenAI to be a public company, “One of the rare times it’s appealing is when those people are writing these ridiculous ‘OpenAI is about to go out of business’ [posts], I would love to tell them they could just short the stock, and I would love to see them get burned on that.”

Altman acknowledged that there are methods the company “might screw it up” — for instance by failing to get entry to sufficient computing assets — however he said that “revenue is growing steeply.”

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“We are taking a forward bet that it will continue to grow, and that not only will ChatGPT keep growing, but we will be able to become one of the important AI clouds, that our consumer device business will be a significant and important thing, that AI that can automate science will create huge value,” he added.

Nadella, who laughed by a lot of Altman’s reply, also claimed that OpenAI has “beaten” every marketing strategy that it’s given Microsoft as an investor.

Gerstner returned to the topic of OpenAI’s revenues and IPO plans later in the interview, when he speculated about the company reaching $100 billion in revenue in 2028 or 2029.

“How about ‘27?” Altman countered.

At the same time, he denied experiences that OpenAI plans to go public next yr.

“No no no, we don’t have anything that specific,” Altman said. “I’m a realist, I assume it will happen someday, but I don’t know why people write these reports. We don’t have a date in mind, we don’t have a board decision to do this or anything like that. I just assume it’s where things will eventually go.”

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