03:38 PM EDT, 06/09/2025 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI has reached $10 billion in annual recurring revenue backed by ChatGPT growth, CNBC reported Monday, citing a company spokesperson.

The total includes revenue from OpenAI's consumer products, ChatGPT business tools and its application programming interface services, but excludes licensing income from Microsoft ( MSFT ) and one-time deals, the media outlet reported.

OpenAI had about $5.5 billion in annual recurring revenue for the previous year and posted a loss of roughly $5 billion in 2024 as it scaled operations, CNBC reported.

The company aims to reach $125 billion in annual revenue by 2029, CNBC reported, citing a person familiar with its internal plans.

OpenAI and Microsoft ( MSFT ) did not immediately respond to requests for a comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 473.16, Change: +2.78, Percent Change: +0.59