According to reports, three people familiar with the matter revealed that OpenAI recently told investors that it expects revenue to reach $200 million next year and $1 billion in 2024. OpenAI recently sold shares twice, valuing the company at $20 billion, a person familiar with the matter said.
Under the lead of OpenAI, some competitors and enterprises use the generative AI software developed by OpenAI to make applications. The use of OpenAI technology requires authorization, and there is a fee to obtain the authorization. One cent or more can generate 20,000 words of text, and it costs about 2 cents to generate a picture according to written instructions.
An OpenAI spokesman declined to comment on the company’s financial status or strategy. In 2020, OpenAI began to launch commercial products, and it declared that its mission is still to enhance AI security for humans.
Startups such as Synthesia and Jasper have attracted Fortune 500 companies to use their video generation tools or AI copywriting tools. Jasper introduced OpenAI technology. OpenAI has the opportunity to become an AI provider, and it may even threaten Google search.
Microsoft provides funding and computing power support for OpenAI. Someone asked Microsoft executives, in Microsoft’s view, is OpenAI technology experimental or strategic? Microsoft President Brad Smith thinks AI is evolving faster than many expect. He said: “The level of AI that everyone expects to achieve in 2033 in 2021 will be achieved in 2023. It is important to the future of Microsoft and it is important to the future of everyone.”
Some investors are skeptical. At the beginning of this year, some large VC firms gave up their investment in OpenAI. Does OpenAI deserve such a high valuation? Can it really compete with Google? Investors are skeptical.
OpenAI set up a “capped-profit” structure in 2019 to limit VC investment. In order to protect its mission, OpenAI stipulates that the investor’s return cannot exceed 100 times the investment amount.
Microsoft seems confident in OpenAI and has doubled down on its bet. In the future, more companies will embrace AI, and Microsoft hopes to use this to expand its cloud business.
ChatGPT was developed with a so-called “big language model,” trained on text data, that can answer questions like a human. Google is also developing similar technology, and some engineers say that Google software has sentience.
Are new technologies really powerful? Some scientists are skeptical. Sometimes the answers given by ChatGPT are not accurate or even wrong. ChatGPT itself sometimes tells users: “I occasionally generate harmful tips or biased content.”
It is precisely because new technologies can generate flawed answers that players such as Google are closely policing public usage, fearful that chatbots will hurt users and damage reputations.
Caution by large companies creates opportunities for small businesses to fill. Cohere, a small company that raised $125 million in February, is developing a commercial product. And Adept, which raised $65 million in April. And Stability AI, a “text-to-image” generator that launched in August, has raised $101 million.
Jasper uses OpenAI technology directly, and 80,000 marketers already use Jasper software to generate advertisements, emails, blog posts and other content. Jasper is growing fast, with revenue expected to double to $80 million this year.
Gil Elbaz, co-founder of TenOneTen Ventures, sees marketing as one of the businesses where chatbots can step in. Synthesia CEO Victor Riparbelli said that as far as the current situation is concerned, opportunities to make money are often hidden in very boring usage scenarios. For example, Synthesia software can help customers generate corporate training and product marketing videos. In the long run, Synthesia’s goal is to use AI to generate high-quality content like Hollywood. Amazon is a Synthesia customer.
Once a startup finds a profitable use case, OpenAI and the tech giants may copy it, which is why Synthesia develops key software itself. Hume AI CEO Alan Cowen (Alan Cowen) believes that if companies such as OpenAI turn technology into a commodity, small businesses can take advantage of it and turn it into economic fruit.
OpenAI CEO Sam Altman has complained that the company’s operating costs are extremely high, and now OpenAI must consider how to make the business sustainable.
Cowan said: “I think OpenAI didn’t think about making ChatGPT money at the beginning. It was just a demo function, a way to collect human feedback for free. But the use of ChatGPT is growing rapidly, faster than expected, and now it Start thinking about making money.”
media reports
IT Home Sina Technology TechWeb
Event Tracking
- 2022-12-16 ChatGPT development company OpenAI expects revenue to reach $1 billion in 2024
- 2021-07-22 OpenAI announced the dissolution of the robot team
- 2021-05-27 OpenAI and Microsoft launched a $100 million fund, mainly investing in early AI companies
- 2020-09-27Musk accuses Microsoft of exclusive ownership of OpenAI
- 2020-05-21Microsoft announced to build an artificial intelligence supercomputer with OpenAI
This article is transferred from: https://readhub.cn/topic/8lMJlzpt1N2
This site is only for collection, and the copyright belongs to the original author.