OpenAI’s ChatGPT Ads Business Hits $1bn Annualized Revenue Run Rate

OpenAI said ChatGPT Ads, the company’s advertising business, has reached $1 billion in annualized revenue run rate, as adoption picks up and global expansion rolls out. The company started testing ads in ChatGPT U.S. earlier this year and has steadily expanded to add advertisers and tap into more markets, as it banks on advertising to boost overall revenue growth ahead of a potential IPO.