ChainCatcher news, according to The New York Times, OpenAI is expected to incur huge losses this year, but as the company raises the fees for ChatGPT, revenue is projected to continue to grow explosively over the next five years.According to a document, the company expects revenue to reach $3.7 billion in 2024, with ChatGPT expected to generate $2.7 billion in revenue this year, of which $1 billion will come from other businesses. However, The New York Times reports that OpenAI expects to lose $5 billion this year, excluding stock-based compensation. OpenAI's largest cost is its spending on computing power obtained from partners, with its biggest investor being Microsoft, and OpenAI's products are hosted on Microsoft's cloud services.The report adds that despite this, OpenAI's revenue reached $300 million in August, a 1700% increase since the beginning of 2023. Growth is expected to continue soaring, with OpenAI predicting revenue will more than double by 2025, reaching $11.6 billion, and eventually hitting $100 billion by 2029. Part of the future revenue will come from increased fees paid by ChatGPT users. It is reported that by the end of this year, ChatGPT fees will rise from the current $20 per month to $22, and then increase to $44 over the next five years. OpenAI declined to comment to The New York Times and did not immediately respond to Fortune's request for comment. CNBC independently confirmed the annual revenue and loss forecasts.

ChainCatcher news, the board of Guofu Innovation Co., Ltd. announced that its wholly-owned subsidiary, Fuqiang Securities Co., Ltd., has obtained the approval from the Hong Kong Securities and Futures Commission (SFC) to provide virtual asset trading services to professional investors. Guofu Innovation stated that this move will expand the customer base, offer more diversified services, bring new revenue growth points, and promote the synergy among various business segments of the group, contributing to the achievement of long-term development goals.

ChainCatcher news, according to Bloomberg, Bitcoin mining company Northern Data predicts that its revenue may more than double this year as it expands into the high-performance computing sector. Northern Data expects sales for the fiscal year 2025 to reach between 520 million and 570 million euros. The company stated that its recent financial statements were audited by Liebhart&Kollegen and Harris & Trotter.

ChainCatcher news, CoinShares reports that first-quarter revenue, earnings, and other income increased by 216% year-on-year, reaching £43.9 million ($55 million). As of March 31, the total assets managed by the investment company also reached £4.77 billion ($6 billion).

ChainCatcher news, according to The Block, Amazon AWS's previously released Q4 2022 financial report shows that AWS's revenue grew by 20% in the fourth quarter last year, down from 27% in the third quarter. AWS Chief Financial Officer Brian Olsavsky stated during the earnings call that the sluggish cryptocurrency trading activity was part of the reason for the slowdown in AWS's revenue growth in the fourth quarter.Yesterday, Amazon's recruitment page indicated that AWS is hiring a Senior GTM Specialist for its Web3 business. (Source link)

ChainCatcher news, according to The Block, Amazon's previously released fourth-quarter financial report shows that Amazon Web Services (AWS) fourth-quarter revenue grew by 20%, down from 27% in the third quarter. Amazon's Chief Financial Officer Brian Olsavsky stated during the earnings call that the slowdown in revenue growth is related to the sluggish cryptocurrency trading activity. (source link)

ChainCatcher news, the crypto data analysis tool CryptoQuant tweeted that Binance's revenue has grown 10 times over the past two years, with revenue reaching approximately $12 billion in 2022. Since the second quarter of 2021, Huobi's quarterly revenue has decreased by 98%. OKX has achieved a 4-fold increase in revenue over the past two years, with the platform destroying or repurchasing OKB worth approximately $948 million in 2022. (source link)