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OpenAI aims to expand ChatGPT ads, targeting $1 billion a year

OpenAI has outlined plans to build ChatGPT into a major advertising platform combining strengths associated with Google search and Meta ads. CFO Sarah Friar said ChatGPT’s ad business reached a run-rate equivalent to $1 billion in annual revenue seven months after introducing ads. She said ChatGPT can use information from user conversations and stored memories to target ads to individuals. OpenAI is expanding ad formats and building its platform while preparing for a possible IPO.