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  • Parv Jain

OpenAI’s New Offer for Big Businesses, Including Microsoft Customers

OpenAI

OpenAI CEO Sam Altman has met with top executives from large companies in San Francisco, New York, and London this month. He and his team presented OpenAI's AI services aimed at businesses, competing in some cases with Microsoft, their financial supporter. These events show OpenAI's efforts to make money from companies worldwide, even in areas where Microsoft is strong.


Sam Altman, the CEO of OpenAI, recently met with top executives from large companies in two U.S. cities last week and in London on Monday. meetings, which had not been reported before, These involved more than 100 executives in each city. Altman and OpenAI's COO, Brad Lightcap, showed off their products at these events. They demonstrated ChatGPT Enterprise, a powerful version of their chatbot, software that links customer apps to OpenAI's services, and new technology that turns text into videos.


At the events, some business leaders questioned why they should buy ChatGPT Enterprise if they already use Microsoft's services. Sam Altman and Brad Lightcap explained that paying for this service means direct support from OpenAI, access to the newest AI models, and the chance to customize AI products to their needs. Both OpenAI and Microsoft chose not to comment on this.


OpenAI, recently valued at $86 billion, is working on making more money from different sources since its chatbot, ChatGPT, became popular in late 2022. It's on track to hit its $1 billion revenue goal for 2024, according to sources. The company is developing new products for consumers, like the ChatGPT marketplace, and expects sales to businesses to grow significantly. Last week, Brad Lightcap from OpenAI told Bloomberg that over 600,000 people have signed up to use ChatGPT Enterprise and Team, up from about 150,000 in January.


Brad Lightcap from OpenAI has been meeting with Hollywood studio executives to promote Sora, a tool that makes videos from text descriptions. This new technology has stirred both excitement and worry in the film industry. Two big Hollywood studios want early access to Sora to try it out, but they have concerns about where the video training data comes from, how reliable the results are, and whether it can avoid using copyrighted material.


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