OpenAI, initially a non-profit, received $1 billion from founders and investors along with AWS, Infosys, and YC Research to fund research. Revenue grew from $13.8 million in 2016 to $35 million in 2022 and is projected to reach $1 billion in 2024. With a recent valuation of $86 billion, OpenAI's equity is now at roughly 25 times forward revenue.