ChatGPT has recently become popular on social media for its various abilities, from doing schoolwork to making State of the Union speeches. Interestingly, so far the service can be used free of charge.
But OpenAI, the maker of ChatGPT, apparently believes that the organization's business will grow and be able to generate decent income. They are targeting USD 200 million in revenue in 2023 and USD 1 billion in 2024.
The target was leaked by three people with knowledge of OpenAI's latest pitch to its investors, we quoted Reuters as saying.
So far, OpenAI's valuation is said to have reached USD 20 billion, with various funding sources. Including from Elon Musk and an injection of USD 1 billion from Microsoft.
OpenAI's recent steps have also inspired companies and their rivals to create applications based on their AI software. Includes the DALL-E 2 image generator.
OpenAI has also started charging certain fees for software makers who want to use its AI products. For example, about 1 cent for each article containing 20 thousand words and two cents to create an image from the written description.
The OpenAI spokesperson himself declined to comment on the financial condition and strategy of the company, which has just commercialized its AI products in 2020, and has the main goal of increasing AI capabilities that are safe for humanity.
The popularity of OpenAI in recent weeks has become very high after they opened ChatGPT access to the public. Its users immediately reached 1 million within a few days after access was opened.
Microsoft, as one of the OpenAI funders, said that the development of artificial intelligence has recently increased dramatically. The technology that was previously estimated to be available only in 2033 turns out to be usable in 2023, aka ten years earlier.
"We will see rapid developments in 2023 where technology that was predicted to exist only two years ago in 2033 actually already exists. This will be very important, not only for Microsoft's future, but also for everyone's future," said Microsoft President Brad Smith.
Even so, not everyone is optimistic about the development of AI. For example, a number of investors refuse to inject funds into OpenAI in 2022 because they are not sure they can compete with rivals like Google.