In a recent presentation to investors, OpenAI, the owner of the AI conversation generator ChatGPT, which has garnered notice as a possible Google search rival and AI supplier, said that it anticipates $200 million in revenue next year and $1 billion by 2024.
The research organization, co-founded by Elon Musk and financier Sam Altman and supported by a $1 billion investment from Microsoft Corp., anticipates a substantial increase in revenue.
The new AI chatbot has already responded to questions from over a million people and is able to rectify programming errors and make jokes. However, some investors have voiced skepticism over the new invention, but others are wagering that the underlying technology will move far beyond flashy and sometimes faulty public demonstrations.
In a recent secondary stock offering, OpenAI was valued at $20 billion, according to news reports. The business has already encouraged competitors and corporations to create apps atop its generative AI software, such as the picture generator DALL-E 2.
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