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- OpenAI inches closer to trillion-dollar status with revenue doubling to $3.4 billion
OpenAI inches closer to trillion-dollar status with revenue doubling to $3.4 billion
Ray Choi
June 16, 2024
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Bible Verses of the Day
12 Not that I have already obtained this or am already perfect, but I press on to make it my own, because Christ Jesus has made me his own. 13 Brothers, I do not consider that I have made it my own. But one thing I do: forgetting what lies behind and straining forward to what lies ahead, 14 I press on toward the goal for the prize of the upward call of God in Christ Jesus. [Philippians 3:12-14, ESV]
What's in this week's issue?
💸 OpenAI inches closer to trillion-dollar status with revenue doubling to $3.4 billion
💪 Fractal builds world’s first AI life coach
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OpenAI has more than doubled its annualized revenue to $3.4 billion in the past six months, OpenAI CEO Sam Altman informed staff, reported The Information.
The majority of OpenAI’s revenue—around $3.2 billion on an annualized basis—comes from subscriptions to its chatbots and fees from developers accessing its models via an application programming interface.
Chinese investor and serial entrepreneur Kai Fu Lee is bullish about OpenAI becoming a trillion-dollar company in the next two-three years. “OpenAI will likely be a trillion-dollar company in the not-too-distant future,” said Lee, adding that GPT-4 and GPT-4 Turbo are unbelievably good and a great balance for performance and cost.
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Executive educator and coach Marshall Goldsmith recently spoke at the DES (Data Engineering Summit) hosted by AIM, hinting towards creating an AI-powered virtual avatar of himself.
This would be done with the help of Fractal Analytics, as a one-of-a-kind endeavour to share his skills and preserve his legacy for years. Marshallgoldsmith.ai, an AI-powered virtual business coach, is based on OpenAI’s GPT-3.5.
Speaking about the project, Goldsmith said, “This is a legacy project for me – I’m 74 years old, so this is a way of being present, even when physically I’m no longer around.”
Easy Cloud News
Listen or read the following transcript as R.C. Sproul discusses how predestination relates to God’s sovereignty and grace for believers.
The following unedited transcript is provided by Beluga AI.
AI News
💲 How much does ChatGPT cost? Everything you need to know about OpenAI’s pricing plans (link)
🌕️ Crazy-strong robotic dogs gear up for moon mission (link)
🌌 New technique improves AI ability to map 3D space with 2D cameras (link)
🛰️ Yann LeCun advices students getting into AI space to ‘Not work on LLMs’ (link)
🏥 Tempus rises 9% on the first day of trading, demonstrating investor appetite for a health tech with a promise of AI (link)
AI Tools
🐋 Beluga: Christian sermon and lecture transcripts, translations and more (link)
✍️ Byword: The most advanced AI article writer for producing content at scale (link)
🎇 Fireflies: Automate your meeting notes (link)
📷️ Palette: Transform old photos with vibrant, lifelike colors (link)
🙂 Aiter: Oneclick AI ads, strategy and content generator (link)
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