Sam Altman Is Pitching OpenAI’s Corporate Services to Fortune 500 Executives

IBL News | New York

OpenAI’s CEO, Sam Altman, is pitching ChatGPT Enterprise services to executives from Fortune 500 companies, including some Microsoft customers — its main investor and partner.

Altman is promoting roadshow-like events in San Francisco, New York, and London, intending to add new sources of revenue for his company, Reuters reported this week.

At each event, Sam Altman and the OpenAI’s COO, Brad Lightcap, offer product demonstrations, including ChatGPT Enterprise, API capabilities, its new text-to-video Sora video creation model, and other AI services.

Fortune 500 companies range from finance, healthcare, and energy, among other industries.

Meanwhile, Microsoft offers access to OpenAI’s technology through its Azure cloud and by selling Microsoft 365 Copilot, a productivity tool powered by OpenAI’s models targeting enterprises.

To the question of some executives asking why they should pay for OpenAI’s ChatGPT Enterprise if they are already customers of Microsoft, Altman, and Lightcap responded that paying for the enterprise service allowed them to work with the OpenAI team directly, have access to the latest models, and more opportunity to get customized AI products, attendees present told Reuters.

=Valued at $86 billion in a secondary sale, OpenAI has been trying to diversify its revenue stream and it is expected to achieve $1 billion in revenue in 2024, sources have said.

Currently, OpenAI said that it has over 600,000 customers using ChatGPT Enterprise and Team, up from around 150,000 in January.