This is the Daily Tech News for Wednesday, April 1st, 26.

We are still going to tell you what you need to know, give you important context, and help you understand.

All true stories today.

Today, OpenAI sets a record for fundraising and tries to convince the market it's only getting more profitable.

I'm Tom Merritt.

And I'm Sarah Lane.

Let's start with what you need to know with that entirely true, big story.

I'm only saying that because it's April Fool's Day.

If anybody's confused, like, why would he have to say it's true?

Now I don't believe him.

Let's start with OpenAI saying, I mean, this may or may not be true,

but Open AI says that it makes $2 billion a month. I have no reason not to believe them.

$100 million a year coming from ads, but Enterprise making up 40% of the revenue. The rest would be

consumer subscriptions. And the important

part is OpenAI says this is growing. It says it has 50 million subscribers, 900 million weekly

chat GPT users and 2 million weekly codex users. And that is its area for growth. It wants to make

the super app with codex and chat GPT and everything

all together. OpenAI claims six times the monthly web visits and mobile sessions of its nearest

competitor, four times the time spent of the nearest competitor on its services, and four

times spent on its services of all the other competitors combined. Ahead of an expected IPO later this year, OpenAI closed the largest round of funding in Silicon Valley history.

So investors voting some confidence, $122 billion worth of confidence.

That includes a bunch of banks, of course, but also Amazon, Nvidia, SoftBank, and Microsoft.

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