OpenAI reported that ChatGPT Ads reached an annualized $1 billion revenue run rate less than 200 days after launch while tens of thousands of advertisers used the platform. The company said advertisers can now book campaigns directly in Ads Manager in India, Europe, the Middle East and North Africa. Despite the growth and expanding self-service, multiple third-party analyses reported low click-through rates, off-topic placements, and measurement/reporting issues, leaving some advertisers unconvinced.
Timothy Armoo said it is currently the easiest time to build wealth and start businesses, arguing Gen Z’s complaints about the job market and AI misses the opportunity. He launched Legon Fund with £5 million (about $6.7 million) of his own money to fund AI startups founded by minority entrepreneurs. The story’s focus shifts from Gen Z job frustration to using AI tools plus social media infrastructure and distribution to pursue entrepreneurship with backed capital.
The European Commission designated ChatGPT as a Very Large Online Search Engine under the DSA, while also designating Reddit and Roblox as Very Large Online Platforms. It based the designations on each service reporting at least 45 million average monthly users in the EU, and the companies have until the end of December to meet added VLOSE/VLOP duties. The change adds recurring risk assessments, independent audits, transparency and researcher access, notice-and-action processes for illegal content, and limits on profiling-based advertising involving minors, plus Commission investigatory oversight.
ChatGPT Ads reached an annualized revenue run rate of $1 billion and expanded globally to broaden access to AI. The single most concrete detail is the $1 billion annualized revenue run rate. Free and affordable options were added or expanded as a result.
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