OpenAI Archives - Vizag One

OpenAI’s Chat GPT Surpasses 200 Million Users, Fortune 500 Adoption Soars

Sat, 31 Aug 2024 14:42:25 +0000

OpenAI, the AI startup, announced that its chatbot, Chat GPT, has exceeded 200 million weekly active users, marking a doubling since last November. Moreover, OpenAI revealed that 92% of Fortune 500 companies are now utilizing its products. The adoption of its automated API, facilitating communication between software applications, has also doubled following the introduction of ChatGPT-40 mini in July. This smaller and cost-effective AI model aims to democratize technology access while reducing energy consumption, broadening OpenAI’s customer base.

The success of Chat GPT has propelled OpenAI’s popularity and contributed to a remarkable surge in the company’s valuation, based in San Francisco. Recent media coverage suggests that tech giants like Apple and Nvidia are considering investments in OpenAI as part of a fundraising round that could value the ChatGPT developer at over $100 billion. Additionally, reports indicate that Microsoft, a key supporter of OpenAI, is likely to participate in the investment opportunity.

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OpenAI Nears Record $100 Billion Valuation in Thrive Capital-Led Funding Round

Fri, 30 Aug 2024 14:37:33 +0000

OpenAI is edging closer to securing funding amounting to a valuation exceeding $100 billion in a funding round spearheaded by Thrive Capital, according to insiders familiar with the situation. Thrive is anticipated to inject approximately $1 billion into the round, as per an undisclosed source due to the fundraising not being publicized yet. Sarah Friar, the CFO of OpenAI, communicated to staff through a memo about the company’s pursuit of fresh capital, withholding specific details, as noted by those well-versed with the matter. Discussions concerning OpenAI’s fundraising efforts at a valuation equal to or surpassing $100 billion have been ongoing since at least December, as disclosed by sources from late last year. This funding endeavor is poised to position OpenAI as one of the most valuable venture-backed startups globally, highlighting the increasing demand for generative artificial intelligence software following the attention garnered by OpenAI’s user-friendly chatbot, ChatGPT. The success of OpenAI, supported by Microsoft Corp., has catalyzed a competitive environment among major tech companies, leading to the integration of AI technology across their offerings and investments in promising startups. In her message to employees, Friar indicated that the funding will cater to the company’s requirements for computational resources and operational expenses, as relayed by insiders. Additionally, OpenAI’s CFO mentioned plans to organize a tender event where employees can potentially divest some of their shares later this year. Friar emphasized that these deliberations are in preliminary stages, and finalized details are pending confirmation. The intention of Thrive Capital to invest was previously reported by the Wall Street Journal.

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OpenAI’s SearchGPT Revolutionizes AI-powered Search: Competing with Google and Perplexity

Sat, 27 Jul 2024 04:17:38 +0000

OpenAI has entered a domain traditionally controlled by Google by introducing SearchGPT, an AI-driven search engine that offers real-time access to internet information. This step positions the AI powerhouse in competition with its main supporter Microsoft’s Bing search and emerging players like Perplexity, a search-focused AI chatbot firm endorsed by Amazon’s Jeff Bezos and Nvidia. OpenAI has initiated sign-ups for the new tool, currently in the prototype phase and undergoing testing with a select group of users and publishers. The company plans to incorporate top features from the search tool into ChatGPT in the future. “AI-powered search tools from OpenAI and Perplexity reinforce search as a content engagement model, pushing Google to elevate its performance,” noted analyst Kingsley Crane from Canaccord Genuity. Google leads the search engine market with a 91.1% share, as reported by web analytics firm Statcounter. SearchGPT aims to deliver concise search results with source links in response to user queries, as stated by OpenAI in a blog post. Users will have the ability to pose follow-up questions and receive contextual responses. Publishers will be granted tools to manage how their content appears in SearchGPT results, with News Corp and The Atlantic serving as publishing partners for SearchGPT. Crane mentioned that newer AI-driven search providers may encounter obstacles, with Perplexity already confronting legal challenges from publishers such as Wired, Forbes, and Conde Nast.

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