ChatGPT-parent OpenAI is setting a target to reach 1 billion users by 2025, driven by new AI products, a key partnership with Apple Inc. (NASDAQ:AAPL), and significant infrastructure investments.
What Happened: “[In 2025] we will be coming into our own, as a research lab serving millions . . . hoping it can be billions of consumers around the world,” OpenAI’s CFO Sarah Friar told the Financial Times.
After securing over $6 billion in funding at a $150 billion valuation in October, she stated that OpenAI plans to raise additional capital through both equity and debt. “We're in a massive growth phase, it behoves us to keep investing. We need to be on the frontier on the model front. That is expensive.”
To meet its goals, OpenAI plans to build data center clusters in the U.S. Midwest and Southwest, according to ...