Kelvin Mu, Translink Capital, estimates that OpenAI’s $1.5 billion in revenue is split pretty evenly right now between B2C (GPT plus subscriptions) and B2B (API tokens). B2B will be the larger future revenue. For B2C: The total TAM is about $10-20B. Tech incumbents make more now. Google ($280B), Microsoft ($218B), and Meta ($117B). The breakeven …
