Shulou(Shulou.com)11/24 Report--

OpenAI recently told investors that the annual camp is expected to reach US $200 million next year and US $1 billion by 2024, according to three people familiar with the matter. OpenAI recently sold shares twice, valuing the company at $20 billion, according to a person familiar with the matter.

Led by OpenAI, some competitors and enterprises use the generative AI software developed by OpenAI to make applications. You need to get a license to use OpenAI technology, and you have to pay for it. A penny or a little more can generate 20,000 words of text, and it costs about 2 cents to generate a picture according to written prompts.

An OpenAI spokesman declined to discuss the company's financial position or strategy. OpenAI began to launch commercial products in 2020, and it claims that its mission is still to enhance AI security for human beings.

Startups such as Synthesia and Jasper have attracted Fortune 500 companies to use their video generation tools or AI copywriting tools, and Jasper has introduced OpenAI technology. OpenAI has a chance to become an AI provider and may even threaten Google search.

Microsoft provides financial and numeric support for OpenAI. Someone asked Microsoft executives whether OpenAI technology is experimental or strategic in Microsoft's view. Brad Smith, the president of Microsoft, thinks AI is evolving faster than many people expected. "it is expected in 2021 that the level of AI reached in 2033 will be achieved by 2023," he said. "it is important for the future of Microsoft and for everyone's future."

Some investors are skeptical. At the beginning of this year, some big VC companies abandoned their investment in OpenAI. Does OpenAI deserve such a high valuation? Can you really compete with Google? Investors are skeptical.

OpenAI set up a "limited profit" (capped-profit) structure in 2019 to limit VC investment. In order to protect its mission, OpenAI stipulates that the return of investors cannot exceed 100 times the amount of investment.

Microsoft seems to be confident in OpenAI and has doubled its bets. In the future, more enterprises will embrace AI, and Microsoft hopes to take advantage of this to expand its cloud business.

ChatGPT is developed using the so-called "big language model", trained with textual data, and can answer questions like humans. Google is developing similar technology, and some engineers say Google software is perceptual.

Is the new technology really powerful? Some scientists are skeptical. Sometimes ChatGPT's answers are not accurate, even wrong, and ChatGPT himself sometimes tells users, "I occasionally generate harmful prompts or biased content."

It is precisely because the new technology will generate flawed answers that players such as Google strictly monitor public use, fearing that chatbots will hurt users and damage their reputation.

The caution of big companies creates filling opportunities for small businesses. Cohere, a small company that raised $125 million in February, is developing commercial products. Then there is Adept, which raised $65 million in April. And then there's Stability AI, which launched a "text-to-picture" generator in August, which has raised $101 million.

Jasper uses OpenAI technology directly, and 80,000 marketers already use Jasper software to generate ads, emails, blog posts and other content. Jasper is growing rapidly, and revenue is expected to double to $80 million this year.

Gil Elbaz, co-founder of TenOneTen Ventures, believes that marketing is one of the businesses in which chatbots can be involved. Synthesia CEO Victor Riparbelli said that for now, the opportunity to make money is often hidden in boring scenarios. For example, Synthesia software can help customers generate corporate training and product marketing videos. In the long run, Synthesia's goal is to use AI to generate high-quality content like Hollywood. Amazon is a customer of Synthesia.

Once startups find profitable application scenarios, OpenAI and tech giants may copy them, which is why Synthesia develops its own key software. Hume AI CEO Alan Cowen (Alan Cowen) believes that if companies such as OpenAI turn technology into commodities, small businesses can make good use of it and turn it into economic fruits.

OpenAI CEO Sam Altman once complained that the company's operating costs were extremely high, and now OpenAI must think about how to keep the business going.

"I don't think OpenAI wanted ChatGPT to make money at first," Cowen said. "it's just a demonstration function, a way to collect human feedback for free. But ChatGPT usage is growing faster than expected, and now it's starting to think about making money."

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