April 17, 2024

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AI Breakthrough: Chatbot Maker Expects Billions of Dollars in Annual Sales

AI Breakthrough: Chatbot Maker Expects Billions of Dollars in Annual Sales

The tech company expects to generate $200 million in revenue next year and $1 billion in 2024. Reuters reports Based on sources familiar with a recent OpenAI presentation to investors. The company is now valued at $20 billion.

OpenAI has been in the news in recent weeks due to an improved version of chata chatbot that uses “natural language” can answer questions and write lyrics. The chatbot is free to try. A few days after launch, a million people have already done so.

The American company is also known for the system DALL-E To create images based on written commands.

revenue model

OpenAI charges a license fee for using its technology about 1 cent to generate 20,000 words of text and 2 cents for each image generated.

Companies can use OpenAI technology in their own services and sell them to customers. This concerns, for example, tools for automatically producing videos, emails to customers or marketing texts. For example, Jasper has built a service with OpenAI technology that generates scripts for emails, blogs, and ads. This service already has about 80,000 customers.

Microsoft: Artificial intelligence is moving faster than expected

Microsoft is one of the main investors in OpenAI and also provides server services to the AI ​​company. Where only other companies can use the OpenAI API, Microsoft also has access to OpenAI’s core model thanks to an exclusive license with OpenAI. GPT-3.

According to Brad Smith, CEO of Microsoft, developments in the field of artificial intelligence are moving faster than many expected. “We will see developments in 2023 that people only expected in 2033 two years ago. This will be very important not only for the future of Microsoft but for the future of everyone,” Smith told Reuters.

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OpenAI’s new chatbot ChatGPT already knows a lot about questions to give a satisfactory answer. The program is based on an AI-trained language model with huge amounts of text.

But the technology is far from flawless. Some ChatGPT responses may be inaccurate or inappropriate. Open AI Warn users that the chatbot “may occasionally generate malicious instructions or biased information”.

Elon Musk and Google

OpenAI was founded in 2015 by Elon Musk, Sam Altman, and Peter Thiel, among others. Musk resigned from the board of directors in 2018.

Google is also working on similar chatbots, as are many startups. The Google Fired Earlier this year, an employee announced that the chatbot he was working on had “reached consciousness.”