- Published on August 30, 2023
- In Global Tech
OpenAI Finally Learns How to Do Business
OpenAI is turning into a tech startup, from being just a research company. Now, it is in the big leagues and in direct competition with Microsoft
- By Mohit Pandey
OpenAI, the research company that morphed into a tech startup, is finally understanding how to make it work. After incurring losses of over $540 million towards building ChatGPT, the company is now trying to make it work, and earn some revenue.
In the most recent report from The Information, OpenAI believes that it is now on pace to generate revenue of $1 billion over the next 12 months. All of now, it would be done by selling their ChatGPT to enterprises, an offering long-awaited by companies given all the concerns about data privacy. There seems to be no other way left for the company.
OpenAI has announced ChatGPT Enterprise, which will allow businesses to use the most-famous chatbot, with enterprise-level security and privacy, and unlimited high-speed access to GPT-4. ChatGPT En
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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