Exclusive: ChatGPT Owner OpenAI Projects $1 billion in Revenue By 2023
Exclusive: ChatGPT Owner OpenAI Projects $1 billion in Revenue By 2023

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Google declined to remark. The warning has created a void that startups have sought to fill. A company called Cohere, run partly by ex-Googlers, is engaged on commercial products after a $125 million fundraise led by Tiger Global in February. Another, Adept, introduced a $65 million raise in April, and Stability AI touted $a hundred and one million in funding after the August release of its text-to-image generator. Among these building applications atop OpenAI has been Jasper, which says it has drawn 80,000 entrepreneurs to draft ads, emails, blogs or different content material with its software. The fast-growing company is expected to double its income to about $eighty million this yr, a source aware of the matter instructed Reuters. Its chief govt didn't touch upon the figure. Gil Elbaz, co-founder of TenOneTen Ventures, stated marketing represented one of many clearest companies for at the moment's chatbots. CarMax Inc (KMX.N), for instance, has used OpenAI by way of Microsoft's cloud to create thousands of customer overview summaries for used vehicles that it is marketing, a case examine on Microsoft's web site shows.

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