OpenAI Says ChatGPT Tops 1.2 Billion Weekly Users as Revenue Rate Approaches $70 Billion
OpenAI's annualized revenue has climbed roughly 70% since the start of the third quarter, with enterprise deals and the Codex coding tool doing much of the work.
OpenAI said ChatGPT now draws 1.2 billion weekly users, a figure that makes the chatbot by far the most widely used AI product on the market. The company also put its annualized revenue rate near $70 billion, according to reporting from The Decoder, a jump of about 70 percent since the start of the third quarter. The two numbers together sketch a business that is still accelerating even as rivals close the gap on capability.
The growth is not coming from consumer subscriptions alone. Enterprise sales have become a central driver, as large companies move from pilot programs to multi-year deployments of OpenAI's models. Codex, the company's coding assistant, is pulling its own weight by embedding directly into software teams' daily work, a segment where usage tends to be sticky and seats multiply quickly. Those contracts carry higher margins and longer commitments than individual $20-a-month plans.
Price cuts are doing the other half of the job. OpenAI has spent the past year slashing API rates and rolling out cheaper model tiers, a strategy that trades margin per token for volume and locks developers into its stack before competitors can match the offer. The approach echoes the playbook that turned cloud computing into a trillion-dollar market: make the unit cheap enough that building on anything else stops making sense.
The pressure is not one-sided. Anthropic is running at a similar revenue rate, according to the same reporting, and has built a reputation for winning coding and enterprise work with its Claude models. Google, Meta, and a cluster of well-funded startups are all chasing the same corporate budgets. The result is a market where the leading players are growing fast but have little room to raise prices, since a cheaper alternative is always a procurement meeting away.
What remains unclear is how durable the 1.2 billion weekly figure is. Weekly actives can include casual users who open the app once to test a prompt and never return, and OpenAI has not broken out how many of those users pay. The company's spending on compute, talent, and data center buildouts is also climbing, meaning the $70 billion run rate says more about demand than about profitability. The next few quarters will show whether enterprise contracts renew at the same pace once the novelty of early adoption wears off.