OpenAI has 5 years to turn $13 billion into trillion
You know what position OpenAI is in now? According to Financial Times, the company has 5 years to turn 13 billion dollars into a trillion. And here’s what it looks like in practice.
OpenAI is printing money now. The company receives about 13 billion dollars annual revenue. Moreover, 70% comes from ordinary people paying 20 dollars a month for communication with AI. This is quite little considering ChatGPT has 800 million regular users, but only 5% of them are paying subscribers. This is at the level of a regular cloud subscription service.
But despite the company earning billions, it has also committed to spending more than a trillion dollars over the next decade. Yes, a trillion.
To bridge this gap, OpenAI is showing creativity, Financial Times reports. The 5-year plan includes exploring government contracts, shopping tools, video services and consumer hardware.
And now the most interesting part. Many of the most valuable American companies now rely on OpenAI to fulfill large contracts, the publication notes. And if OpenAI stumbles, it could destabilize the entire American market.
OpenAI is now in a position where it needs to simultaneously earn billions and spend trillions. But there’s not so much time for experiments. 5 years – that’s all there is to prove that crazy investments will pay off. And the stability of entire sectors of the American economy now depends on this.
Autor: AIvengo
For 5 years I have been working with machine learning and artificial intelligence. And this field never ceases to amaze, inspire and interest me.
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