Less than seven months after launching its ad product, OpenAI's ChatGPT reached $1 billion in annualized ad revenue. OpenAI may be the fastest business to reach that milestone with a digital product ever. Today's digital advertising leaders, including Alphabet (Nasdaq: GOOG) (Nasdaq: GOOGL), Meta Platforms, and Amazon, took several years from ad launch to reach $1 billiion in annual revenue. ChatGPT's comparatively rapid growth is a sign of OpenAI's huge potential, and for advertising on chatbot platforms more generally. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase.
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