Microsoft, which owns 49% of OpenAI, has been integrating the company's AI technology into its Bing search engine to compete with Google. Other tech giants are also investing heavily in AI, with Google launching its Bard AI chatbot and Amazon investing $4 billion in AI startup Anthropic. OpenAI's main product, ChatGPT, launched last November and quickly gained one million users during its research preview phase. The company now offers a subscription service, ChatGPT+, for $20 per month, offering faster response times and priority access to new features.
Key takeaways:
- OpenAI, the company behind ChatGPT, is reportedly in discussions about a share sale that could value it at $80 to $90 billion, a significant increase from its valuation in January.
- The potential deal is expected to allow employees to sell their shares, rather than the company issuing new ones.
- OpenAI is projected to earn over $1 billion in revenue in the next year by selling access to a higher-quality version of ChatGPT and its underlying technology.
- Microsoft, which owns 49% of OpenAI, has been integrating the company's AI technology into its Bing search engine to compete with Google.