OpenAI's Game Plan for Attracting Investments to ChatGPT

For over a week, I have been diligently working on a comprehensive review of ChatGPT marketing strategy.

The article turns out to be very useful Well, it’s really huge, so I will share some parts of it here in the mailing list.

Attracting investments is an important part of this ChatGPT marketing strategy review so i will share some information with you.??

OpenAI has actively attracted significant amounts of funding to implement its marketing strategy.

As of the writing of this review, OpenAI has raised a total funding amount of $11 billion through 6 funding rounds.

References

OpenAI has received funding from 9 investors, with Microsoft being one of the largest investors in the company.

?? Interesting Fact ??

According to The New York Times, Microsoft has become a key sponsor of OpenAI's startup fund - a venture and technology incubator program aimed at developing artificial intelligence.

Microsoft also plans to acquire 49% of OpenAI's shares, valuing the company at approximately $29 billion.

On January 23, 2023, as part of a funding round with Microsoft, OpenAI raised $10 billion, resulting in a valuation of $29 billion for the company.

Link to full article.

So draw your own conclusions. ??

However, OpenAI is currently under pressure to generate revenue from ChatGPT.

It is expected that the revenue from licensing and paid products, such as ChatGPT Professional, will be only $200 million in 2023, which is relatively small compared to the large expenses that have been invested in the development and management of artificial intelligence ($11 billion, to be precise!)

Reuters, citing sources familiar with OpenAI's latest pitch to investors, claims that the organization expects to generate $200 million in revenue in the coming year and $1 billion by 2024.

??A huge responsibility towards investors!??

OpenAI needs to figure out how to increase its revenue by 400% in just 1 year!

??My conclusion for now??

It seems that OpenAI has used ChatGPT as a demonstration model to attract a large number of investors, and now the company needs to focus on generating significant revenue from ChatGPT and other sources to meet the expectations of its investors."

However, the success turned out to be so significant that now they are thinking about how to continue working, how to sustain it, and how to monetize it.

Currently, we have comments from Director Altman on this matter: 'we will have to monetize it somehow at some point; the compute costs are eye-watering.'

Here, I can only comment in this way:

Sam, it's not easy for anyone right now, you haven't tried running a business in Ukraine yet! ??

Have a great day, everyone, stay connected! ??

_____________________________________________________________

I'm excited to announce my topmate.io page where you can book a 1:1 call or ask any queries you may have. Whether you need help with my areas of expertise, or just want to chat anything , I'm available.

I'm looking forward to hearing from you and helping you achieve your goals. Don't hesitate to reach out if you have any questions or just want to say hi!

https://topmate.io/konstantyn_soloviov