Who’s Really Making Billions from ChatGPT? The Truth Behind Microsoft and OpenAI’s Partnership
#entrepreneurhub #chatgpt #billions
Microsoft’s partnership with OpenAI has resulted in the development of ChatGPT, a language model that is capable of generating human-like text. Although OpenAI and its for-profit sister company, OpenAI LP, make some money from licensing ChatGPT, it is the companies that use it that are benefiting the most. These companies are automating tasks that would otherwise require human labour, which can save millions of dollars in labour costs and increase profits. According to Business Insider Intelligence, the global market for chatbots is expected to reach $9.4 billion by 2024, which includes chatbots powered by natural language processing models like ChatGPT. The partnership between Microsoft and OpenAI is significant and has the potential to shape the future of AI development.
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