OpenAI Marketplace Revolution: OpenAI, the renowned AI laboratory, recently unveiled a marketplace that allows users to access personalised AI “apps” designed for a variety of tasks, such as teaching math or creating stickers. This move marks OpenAI’s expansion into the consumer business, as it aims to capitalise on the success of ChatGPT. OpenAI CEO Sam Altman made these announcements during the AI lab’s first developer conference, which attracted 900 developers worldwide.
ChatGPT, introduced in November 2022, now boasts 100 million weekly active users. OpenAI is introducing these customised AI apps, referred to as “GPTs,” as early versions of AI assistants that can perform real-world tasks on behalf of users, such as booking flights. The company is set to launch a GPT Store where people can share their GPTs and earn money based on the number of users.
OpenAI’s goal is to create a future where users can simply ask the computer for what they need, and it will efficiently carry out these tasks. Altman emphasised the importance of gradual, iterative deployment to address AI’s safety challenges.
Also Read: OpenAI Grand Reveal: Game-Changing AI Enhancements
In addition to the GPTs, OpenAI also announced significant cost reductions and unveiled a new GPT-4 Turbo model, which is considerably more cost-effective and capable of processing larger volumes of data compared to its predecessor. The company introduced assistant application programming interfaces (APIs) with vision and image capabilities and launched a beta program for developers to fine-tune GPT-4 models.
OpenAI aims to encourage more enterprises and developers to create models to compete with those developed by other tech giants and open source models. The company is making moves in the competitive enterprise market, even drawing support from Microsoft, which has invested over $10 billion in OpenAI.
OpenAI’s commitment to builders of foundation models includes providing not only state-of-the-art systems for training and inference but also substantial computing resources to push the boundaries of AI development. The company is addressing the concerns of big enterprises with its Custom Models program, offering to create custom GPT-4 models at an “expensive” price and matching offers from Google and Microsoft to cover legal costs related to copyright infringement claims for enterprise users. OpenAI’s latest developments are set to reshape the landscape of AI applications and services.
Our Reader’s Queries
What is the controversy with OpenAI?
The recent OpenAI controversy highlights a common governance issue – the confusion between the roles of the board and management. This problem is not limited to the tech industry and requires a better understanding of the proper responsibilities of each party.
How will GPT marketplace work?
Once your model is live on OpenAI’s upcoming GPT store, the magic begins. Your custom creation will generate passive income as users purchase and share your app. OpenAI’s app marketplace will make it easy for others to find and use your creation. Get ready to sit back and watch your creation take off!
Who are the owners of OpenAI?
Currently, Microsoft holds a 49% stake in OpenAI, with the remaining 49% being owned by other stakeholders. The original non-profit foundation of OpenAI still maintains its autonomy, playing a crucial role in shaping the company’s history.
What is OpenAI’s business model?
OpenAI earns revenue by licensing its models and products, which allows businesses to seamlessly incorporate AI technology into their own applications. This approach enables companies to leverage the power of AI without having to invest in expensive research and development. By providing this service, OpenAI is helping to democratize access to cutting-edge technology and drive innovation across a wide range of industries.