This is a new category-king company: OpenAI is ascending: “OpenAI, the artificial intelligence lab behind the viral ChatGPT and Dall-E 2 tools, could soon become “one of the most valuable U.S. startups on paper,” The Wall Street Journal reports, citing anonymous sources. The company is in talks to sell existing shares in a fundraising round that would value OpenAI at about $29 billion. That’s roughly double the startup’s valuation during a 2021 tender offer. The Journal reports that Microsoft, the parent company of LinkedIn, has also been involved in talks to increase its $1 billion investment in OpenAI.”
LinkedIn userS chronicle the achievements:
Comment A
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- Built an AI that dominated every human DotA 2 player/team (OpenAI Five)
- Created the leading text generation model (GPT-3)
- Created the leading text-to-image generation model (DALL-E)
- Changed the face of programming with their renowned code generation model (Codex which powers the lauded GitHub Co-Pilot)
- Created a model that generates 3D models (Point-E)
- Blown the world away with a chatbot that is ushering in a generative AI renaissance (ChatGPT)
- Revenue projections of >$200M in 2023 and >$1B in 2024
And they’ve accomplished this in a mere 7 years and believe they are still early in their journey.
Comment C
OpenAI with Stability AI are opening a new era. The era of AI as a Service.
With an Opensource approach, they have been able to get traction from a large development community but not only that.
1) OpenAI is heavily backed by #Microsoft (and even Amazon, Tencent, Alphabet) this makes it so it has enough resources to develop and grow its R&D when others have to struggle with multiple fundraising activities during a tech market collapse
2) Microsoft has taken a commanding interest within the platform and turned it into a for profit structure. This allows them to seek better commercial deals
3) Again, Microsoft has announced an integration of ChatGPT within Bing https://lnkd.in/ebxu7T-8
4) Big names like Canva have also stepped in to integrate #GPT3 into their new solutions https://lnkd.in/etPFccRe
5) This “openness” is what makes OpenAI special. It is in the name. They are ready to work with anyone and thus instantly get access to a massive pool of end users.
Comment C
Wait, there is more: ChatGPT has been the fastest platform to reach 1Million users. That is with no marketing activity at all.
Kids at school are already “cheating” and answering their homeworks with it. How long would it take to Microsoft to integrate it to its Students Office Suite package?
Probably it is already in Beta somewhere and nearing release. The future generations are already at reach.
One more thing: OpenAI isn’t just ChatGPT they have a bunch of other services and tiers/specialization within each of them. #dalle2 for images, #Whisper for voice recognition etc…
And finally just one last thing… OpenAI owns OpenAI gym, a toolkit allowing other AI developers to train various type of models. This isn’t just a standalone, it comes with advisory services on top of it.
All in all, OpenAI wins because of its modular, headless like architecture. They don’t fear being copied, they have secured the reach they need for scale up. Any other competitor will struggle getting the same traction.
The only real competition could come from #Meta or #Bytedance if they totally spin-off their AI businesses and seek some big strategic partnerships to push them. And even then, there is infinite space in the field.
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