OpenAI targets to produce more than $1 bln revenue over 1 year
By MYBRANDBOOK
As per reports, OpenAI is on track to generate more than $1 billion in revenue over the next 12 months from the sale of artificial intelligence software and computing capacity. Compared to just $28 million in the entire previous year, the company now brings in more than $80 million per month in sales.
Besides ChatGPT, it makes money by selling API access to its AI models for developers and enterprises directly and through a partnership with Microsoft, which invested over $10 billion into the company in January.
ChatGPT, known for producing prose or poetry on command, has gained widespread attention in Silicon Valley as investors see generative AI as the next big growth area for tech companies.
The report suggests that external signs strongly suggest that OpenAI is excelling in selling integrations to enterprises. An analysis of first-half earnings calls in 2023 reveals an uptick in questions about ChatGPT from analysts. Moreover, more than 100 business executives across various sectors, including online retail and fashion, have discussed their adoption of ChatGPT integrations.
OpenAI opened their chatbot to the public in November last year. The company got a substantial boost after its partnership with Microsoft earlier this year, involving a multi-billion-dollar investment.
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
TRAI targets to finalise National Broadcast Policy by May-end
The Telecom Regulatory Authority of India will finalise the National Broa...
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
EXIDE INDUSTRIES LTD.
DRUVA SOFTWARE PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
SECUREYE SERVICES PVT. LTD.
Technology Icons Of India 2023: Sunil Vachani
Sunil Vachani is the founder and chairman of India-listed Dixon Techno...
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Dr. Sanjay Bahl
Sanjay Bahl is currently with the Indian Computer Emergency Response T...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...