OpenAI, a company specializing in artificial intelligence, has achieved a tremendous achievement by registering tremendous growth in its annual revenues. It more than doubled to reach $3.4 billion.

According to what was reported by “The Information” newspaper, citing a statement from CEO Sam Altman, this amazing leap is due to the overwhelming success of the advanced artificial intelligence technologies developed by the company, including the famous chatbot “ChatGPT”, which has achieved tremendous popularity over the past six months.

OpenAI is supported by a strong partnership with Microsoft, which helped it establish its position as a leading force in the field of developing artificial intelligence technologies.

To support this rapid growth, the company has appointed Sarah Friar, former CEO of social networking service Next Door Holdings, to assume the position of Chief Financial Officer.

This strategic appointment comes at a crucial time. OpenAI seeks to increase its revenues by selling advanced AI services to enterprise customers while adding new features, such as enhanced voice capabilities, to its consumer chatbot application.

In conjunction with this, OpenAI continues its efforts to develop a more powerful artificial intelligence model, which will help it maintain its leadership in this growing field amid increasing competition with other heavily funded entities seeking to reach the same user base and companies.