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OpenAI's Revenue Skyrockets with ChatGPT

OpenAI's Revenue Skyrockets with ChatGPT

MyAI Pal
January 09, 2024

MyAIpal Spotlight

By Guest Author 💠 1/8/2024

Welcome Back! my AI insiders! count: 700 words, 3-5 mins.

Welcome back! AI insiders! This week, we've got booming revenues, virtual influencers, and export rules reshaping the landscape. 🤑OpenAI cashes in big time as ChatGPT rakes in billions, while TikTok-famous virtual avatars stir up drama. Plus - new AI coder tools and more AI news. Scroll down for the latest game-changing AI updates. 🚀

📰AI and Tech Today

News and insights:

OpenAI's Revenue Skyrockets with ChatGPT!

OpenAI's generative AI services are producing booming sales for the company. Just two months after reaching $1.3 billion in annualized revenue, OpenAI has now surpassed $1.6 billion based on its current run rate.

The growth spike began after OpenAI launched its ChatGPT Plus paid subscription in February 2023. Since then, execs estimate OpenAI's sales have expanded over 20% in under 60 days. At this pace, annual recurring revenue could hit $5 billion by year's end.

More new AI services are also slated to launch soon from OpenAI, paving the way for additional revenue streams. The red-hot top line makes OpenAI ripe for a new funding round in 2024 at a valuation of over $100 billion.

ChatGPT's viral success has quickly translated into a financial boon for OpenAI. With more transformative AI tools set to come, OpenAI's income statement looks brighter than ever.

Read the full story here →.

AI-Created Virtual Influencers Threaten Human Influencers and Traditional Professions

Hyper-realistic “virtual influencers” created with AI tools are making waves on social media, attracting hundreds of thousands of followers and paid partnerships with major brands. Pink-haired avatar Aitana Lopez boasts over 200,000 followers and earned $1,000 per sponsored post promoting products for companies like Olaplex and Victoria's Secret.

The rise of these AI-generated online personas has sparked debate about the threat of generative AI to jobs like content creation and marketing. However, the creators of virtual influencers argue they simply disrupt an overvalued industry. Partnerships between luxury brands and virtual influencers show their marketing potential - an H&M ad from virtual influencer Imma racked up 11X more views and cut cost per impression by 91% compared to traditional ads.

Read the full story here →

⚙️ 5 New AI Tools and Resources

● Suno AI: 🎵 Imagine music straight from your mind - no talent required!

● LogoPicture AI: 🎨 Create a professional logo with AI in minutes!

● AI Suggests: ✒️ Endless AI-written content unlocked for creators, no subscription required!

● Mem.ai: 🧠 Finally, an AI to organize your brain - powered by GPT-4!

Trending in AI :

GitHub Unleashes AI Coder Tool Copilot Chat: GitHub opens its AI-powered programming assistant Copilot Chat to all users, aiming to aid developers through GPT-4 guidance. But despite 1M paying customers, Copilot faces challenges around security, costs, and competition as coder AI-wars heat up.

Leading Camera Brands Join Forces Against Fake AI Photos: Nikon, Sony, and Canon collaborate to embed traceable signatures in photos/videos, releasing verifying cameras and software in 2024. Also launching an online verification tool Verify to combat advanced AI image synthesis. Major strike-back against fake visuals as giants controlling 90% of the camera market set shared fake image fighting standards.

NVIDIA develops restricted RTX 4090D graphics cards for the Chinese market to comply with US export controls on high-end chips. 4090D features a 5% speed decrease, fewer cores, and lower power to meet regulations. Priced at ¥12,999 in China this January. The move shows NVIDIA navigating export rules and Chinese demand.

🤖 Tip of the Day

Prompt this ✅ Not that ❌

This Prompt is for Sales and Marketing to handle objections by potential customers, ChatGPT can help create a script to handle objections and it could be adapted for a specific niche or company or scenario