Picture: Irish Examiner
Techspace - On Wednesday, OpenAI, the Artificial Intelligence (AI) research laboratory that built the popular chatbot ChatGPT, said on Discord that it is beginning to think about ways to monetize ChatGPT. OpenAI is responsible for creating the chatbot. Greg Brockman, one of the co-founders of OpenAI, also disclosed that the organization's research laboratory is demanding at work developing a professional version of ChatGPT that would provide "greater limitations and quicker performance."
OpenAI gave notice that it will soon begin charging for ChatGPT, its popular AI-powered chatbot that can create essays, emails, poetry, and even computer code. OpenAI made a statement on the official Discord server of the firm. The announcement stated that the company is "beginning to think about how to monetize ChatGPT" as one of the strategies to "secure [the tool's] long-term existence."
The version of ChatGPT that will be used for commercial purposes will be referred to as ChatGPT Professional. This is the case according to a waitlist link that OpenAI placed on the Discord server. The link has several questions about payment preferences: "At what price (per month) would you consider ChatGPT to be so costly that you would not consider buying it?"
The waitlist also explains the advantages of using ChatGPT Professional, such as the absence of "blackout" (or "unavailability") windows, the lack of throttling, and the availability of an infinite quantity of messages through ChatGPT — "at least two times the standard daily limit." OpenAI claims that users who fill out the waiting form have a chance of being picked to pilot ChatGPT Professional but that the program is still in the experimental phases and won't be made generally available "at this time."
ChatGPT has proven to be a promotional triumph for OpenAI, drawing colossal media attention and producing countless memes across social media. This is even though it has been controversial, and that multiple bans have been issued. Several investors are integrating ChatGPT into their existing processes at the moment. Ryan Reynolds collaborated with ChatGPT on creating an advertisement for Mint Mobile, a mobile phone service provider in which he has a financial interest. According to reports, Microsoft plans to include the artificial intelligence that powers ChatGPT into its Office suite and the Bing search engine.
At the beginning of December, ChatGPT had a user base that was well over a million strong, which is an impressive number by any standard. However, the costs associated with operating this service might be relatively high. The running expenditures of ChatGPT are said to be "eye-watering," according to Sam Altman, the co-founder, and CEO of OpenAI. These charges equal a few cents per chat in total compute costs. (The ChatGPT server may be found in the cloud infrastructure provided by Microsoft.)
Working on a professional version of ChatGPT; will offer higher limits & faster performance. If interested, please join our waitlist here: https://t.co/Eh87OViRie
Working on a professional version of ChatGPT; will offer higher limits & faster performance. If interested, please join our waitlist here: https://t.co/Eh87OViRie— Greg Brockman (@gdb) January 11, 2023
In anticipation of a potential $10 billion investment from Microsoft, OpenAI is under increasing pressure to produce a profit on its products, such as ChatGPT. OpenAI forecasts it will earn $200 million in 2023, which is a pittance compared to the more than one billion dollars that have been spent in the firm to this point.
According to a report published this week by Semafor, Microsoft is reportedly interested in acquiring a 49% investment in OpenAI, which would place the firm's value at around $29 billion. Following the terms of the agreement, Microsoft would be entitled to earn three-quarters of OpenAI's profits until it recoups its initial investment value. Other investors could take 49% of the shares, while OpenAI would keep the remaining 2%.
OpenAI is a peculiar corporate structure in that it operates on a "capped-profit" model, which restricts the profits that investors may receive to 100 times the amount they initially invested (or perhaps even less in the future).
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