OpenAI Experiences Robust Growth in Paid Users
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As of September 2023, OpenAI has observed a substantial rise in its paid user base across its business products, such as ChatGPT Enterprise, Team, and Edu. The San Francisco-based AI firm’s total number of paid users surged by 67%, climbing from 600,000 in April to 1 million. This impressive growth is attributed to the advanced capabilities of its language models. New Subscription Plans on the Way According to Reuters, OpenAI’s paid offerings in the business sector have significantly expanded since April. The company is drawing considerable interest due to its sophisticated AI models, particularly among business professionals. OpenAI plans to launch new subscription tiers that feature more advanced language models, known as Strawberry and Orion. Access COINTURK FINANCE to get the latest financial and business news. These upcoming subscriptions could carry higher price tags, with some potentially reaching up to $2,000 per month. This price point signifies a major opportunity for businesses seeking more advanced AI capabilities. Competition with xAI on the Agenda Elon Musk’s AI initiative, xAI, is also making waves in the market. Launched in July 2023, xAI’s AI assistant Grok-2 is now available to Premium and Premium+ members on the X platform. Musk has indicated that xAI could rival OpenAI by the end of 2024. The rapid development of companies like xAI highlights the increasing competition in the AI industry, as firms race to enhance their large language models. Investment Interest in OpenAI OpenAI could see its valuation soar to $100 billion with an anticipated new funding round. Major tech players, including Apple and Nvidia, are expected to participate. Microsoft, which has invested $13 billion in OpenAI since 2019, currently holds a 49% stake in the company. OpenAI’s valuation is expected to rise further with this new infusion of capital. The user base of ChatGPT continues its…
Filed under: News - @ September 7, 2024 5:21 pm