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OpenAI Sees ChatGPT Revenue Of $1 Billion In 2024

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ChatGPT, an AI-powered chatbot, has been a viral success and is predicted to bring in $1 billion in revenue by 2024.

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Three sources speaking to Reuters claim that OpenAI, the chatbot parent, sees revenue exceeding $200 million by 2023 and quintupling in the next year.

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ChatGPT can transform written instructions or prompts into essays, blogs, poems, and marketing taglines.

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It can also summarize text into bullet points. ChatGPT launched on Nov. 30 and already has one million users. 

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OpenAI CEO Sam Altman tweeted that ChatGPT had achieved this in less than a week.

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ChatGPT is free to use during the research phase while the company gathers feedback.

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Developers who wish to integrate this tool into their software will pay approximately a penny per 20,000 words and about 2 cents each for images.

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OpenAI was initially founded to promote AI safety for humanity. 

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However, in 2019, it changed its business model to become a 'capped-profit' hybrid company.

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Altman said, "It knows a lot, but it's dangerous because it's confident and wrong a substantial fraction of the time."

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