OpenAI Expects Revenue of $200M In 2023, After Making $30M Last Year

IBL News | New York

OpenAI expects revenue of $200 million in 2023 after making $30 million last year, according to Fast Company and Reuters.

As the main revenue source, OpenAI has a paid tier for ChatGPT, for $20 per month, along with a businesses-oriented ChatGPT-specific API.

Also, OpenAI products like Whisper, an audio transcription tool, and Codex, which turns natural language prompts into code, are already being commercialized.

In addition, Microsoft, OpenAI’s largest backer, has pumped $29 billion.

Designed for research purposes, San Francisco – based ChatGPT, which employs 375 researchers, engineers, and policy specialists, has now reached 100 million users, according to analytics firm Similarweb.

OpenAI’s generative AI balances accuracy and creativity in its responses. But the technology designed to generate stuff on the fly can end up “hallucinating,” as AI developers call it.

Experts in generative AI now say that if the chatbot’s reliability issues persist, ChatGPT would fail to prove trustworthiness, jeopardizing OpenAI’s position as the poster child for Silicon Valley’s most promising technology in decades. It would relegate the company’s tools to novelty status 55 days after its launch.

OpenAI Chief Technology Officer, Mira Murati, in the picture above, disagreed and said that she is convinced that we’re seeing the next big wave of AI.

OpenAI already has hundreds of enterprise customers using its technology, from Jasper, the 2-year-old AI-content platform that makes $90 million a year selling copywriting assistance, to Florida’s Salvador Dalí Museum, where visitors can visualize their dreams in an interactive exhibit powered by Dall-E.

Then there’s Microsoft. After first incorporating OpenAI technology into products such as GitHub Copilot, Designer, and Teams Premium, it’s now infusing Bing with ChatGPT-like capabilities.

Plus, competitors are starting to challenge OpenAI.

Last August, Stability AI launched its AI image generator, Stable Diffusion, making it immediately available to consumers.

In the wake of ChatGPT, Google fast-tracked the release of a chatbot, dubbed Bard, and China’s Baidu announced plans to unveil its chatbot, Ernie.