AI has been developing at a pace no one would have imagined. Sam Altman established OpenAI 8 years ago as a competitor to DeepMind by Google. Although Sam Altman, the inventor of OpenAI says that it might seem quite far stretched to imagine it being valued at a trillion dollars, Kai Fu Lee, the chairperson of Sinovation Ventures and one of the most prominent AI investors is quite optimistic about it.
Lee at Fortune Innovation Forum, in Hong Kong on Wednesday, stated that “OpenAI will likely be a trillion-dollar company in the not-too-distant future”. He also added that “I am very bullish on OpenAI’s future.”
They’ve really done an admirable and unbelievable job. Even today, GPT-4 is a gold standard. You see, Gemini Ultra and Claude 3 make these claims, but if you use these models, GPT-4 and GPT-4 Turbo are unbelievably good and a great balance for, uh, performance and cost (sic)”
Recently, with the release of GPT 4o in the market and making it available for free, Sam Altman, CEO of OpenAI, is hopeful that this will be an outstanding service for billions of people. Also a revolutionary platform like ChatGPT Edu, which is only aimed for educational purposes and is being used by several universities around the world is making revolutionary progress.
Open AI’s Revenue soars
OpenAI’s growing income shows that more businesses want to use AI tools that can create content.
OpenAI has already reached a remarkable milestone back in December 2023, by making 2 Billion USD revenue, according to Financial Times and reports indicate that it could reach more than double figures by 2025.
OpenAI plans to double this amount by 2025 because of the strong interest from business customers. The company’s promise to offer free, high-quality AI services to billions of people, while also charging for some services, has helped them become financially successful.
Thus, OpenAI’s new AI models and increasing income have made it possible for the company to be worth a trillion dollars soon. But, they also have challenges, like the high costs of creating and maintaining advanced AI technology.
As OpenAI keeps making progress in AI and finding solutions to its challenges, its influence in the world will likely increase. With the help of investors like Kai Fu Lee, OpenAI is getting closer to being worth a trillion dollars and playing a big role in the future of artificial intelligence.
GPT-4o vs GPT-4 Turbo: How New ChatGPT is Better than Existing Models?
