So this new figure was from early August. And that is up from 500 million in March. The numbers represent a fourfold increase year-over-year. ChatGPT – you are killing it.

Monetising is also going well – with OpenAI reporting five million paying business users.

ChatGPT’s reveal of its latest figures comes on the heels of news that the company secured $8.3 billion from a syndicate of top investors. You read that right – billions. And this is all part of a much bigger round of funding – $40 billion – led by SoftBank.

The investments – although massive – seem to be smart ones: OpenAI’s annual recurring revenue is now at $13 billion, up from $10 billion in June, with the company on track to surpass $20 billion by year-end.

So, when is that IPO?