OpenAI, creator of ChatGPT, casts spell on Microsoft

If agreed upon, the funding injection from Microsoft would value OpenAI at a whopping $29 billion, making it an unusual tech-world success at a time when major giants like Amazon, Meta, and Twitter are reducing expenses and laying off employees. "Microsoft is definitely being proactive on this front and will not be left behind on what could be a potentially game-changing AI investment," said Wedbush Securities analyst Dan Ives. Prior to the introduction of ChatGPT, OpenAI dazzled computer enthusiasts with Dall-E 2, a software that generates digital graphics using basic commands. Microsoft, which has made no secret of its AI goals, has implemented Dall-E 2 into numerous of its products, and now, according to Bloomberg, the tech giant wants to attach ChatGPT to its Bing search engine in order to compete with Google.Since its debut in November, the prowess of ChatGPT has piqued the interest and intrigue of internet users. It is capable of providing thorough and human-like responses on a wide range of subjects in a matter of seconds, prompting concerns that it may be abused by school cheaters or used for misinformation.'Not inexpensive.'

According to AI specialist Robb Wilson, creator of?OneReach.ai, the company's stratospheric success is owed in part to OpenAI's savvy marketing strategy, which made its research accessible to non-experts." It was one thing to have this technology available to technologists. Offering it in a chat user interface and allowing non-developers to experiment with it sparked a discussion. "He stated. Sam Altman, a 37-year-old entrepreneur and former president of startup accelerator Y Combinator, founded OpenAI in late 2015.From the beginning, the firm has relied on the financial assistance of famous donors such as LinkedIn co-founder Reid Hoffman, investor Peter Thiel, and Musk. The multibillionaire sat on OpenAI's board until 2018, when he stepped down to concentrate on Tesla, the electric vehicle firm. A team of computer scientists and researchers lead by Ilya Sutskever, a former Google executive who specializes in machine learning, is also on board with the firm. According to an inquiry made directly on ChatGPT, OpenAI, which did not answer to AFP's enquiries, had around 200 workers by 2021.Despite the buzz produced by ChatGPT, the firm has failed to achieve financial independence. Founded as a charity, the firm changed its name to a "capped for-profit" corporation in 2019 to attract additional investors, and co-founder Greg Brockman announced this week that a paid version of ChatGPT was in the works. A hunt for capital appears to be required for a corporation with extravagant costs. Altman admitted to Musk on Twitter in early December that each chat on ChatGPT costs OpenAI several US cents. According to Tom Goldstein, an associate professor in the computer science department at the University of Maryland, the corporation is paying $100,000 per day for its bot, or nearly $3 million each month. Partnering with Microsoft, which provides remote computing capabilities to the firm, might reduce expenses, but "either way, it's not cheap," Goldstein said. "Some argue that pouring these sorts of resources... into a demo is unnecessary," he continued.