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- How ChatGPT Propelled OpenAI to Become an $80 Billion AI Leader
How ChatGPT Propelled OpenAI to Become an $80 Billion AI Leader
Discover the rise of OpenAI, a key player in artificial intelligence, with its breakthrough chatbot ChatGPT. Learn about OpenAI's journey, founders, and vision for developing artificial general intelligence (AGI), leading to its valuation of $80 billion.
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The tech world right now is absolutely captivated with
Artificial intelligence.
Artificial intelligence.
The estimates are for big tech to spend big time bucks on artificial intelligence.
And one company in particular seems to be on everyone's lips.
OpenAI.
Breaking news right now on OpenAI.
OpenAI and Altman are on a quest to develop AGI or artificial general intelligence.
The company behind the popular chatbot, ChatGPT,
OpenAI was founded in 2015 by a number of researchers, academics and
entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk.
Altman and Brockman are still at OpenAI today, serving as CEO and
president respectively.
Elon Musk left the company in 2018.
At the time, OpenAI said Musk left to avoid a conflict of interest with
his other company, Tesla, which was becoming increasingly focused on AI.
In the years since, OpenAI has grown into one of the most prominent
leaders in AI development.
OpenAI's growth has absolutely exploded in recent years.
Nearly a decade ago, it was just a research lab that not many people had ever heard of.
Now it's a household name.
Today, we've got about 2 million developers building on our API for a wide variety of use cases, doing amazing stuff.
Over 92% of Fortune 500 companies building on our products.
And we have about 100 million weekly active users now on Chat GPT.
OpenAI has kept up a rapid clip of growth.
It's scaled its corporate partnerships and continues to launch new innovations.
All of that has earned OpenAI a reported $86 billion valuation.
With metrics like this, it may be hard to believe that OpenAI was founded as a nonprofit.
Their original mission statement was something like to advance artificial intelligence in a way that benefits all of humanity,
unconstrained by a need for financial return.
Early on, a number of investors, including Amazon Web Services, YC Research, Musk, Peter Thiel and others, injected an eye-popping $1 billion into the nonprofit so that it could begin its work.
But OpenAI was not the first lab to tackle the challenge of advancing artificial intelligence.
UK startup DeepMind, which opened its doors in 2010 and was acquired by Google for around $500 million in 2014, had a similar goal.
OpenAI refers to open source.
What's the opposite of Google?
It would be an open source non-profit because Google is...
closed source for profit. And that profit motivation can be potentially
dangerous. In the early years, OpenAI flew somewhat under the radar, at
least from the point of view of the general public.
The company released its first project in 2016, a toolkit called OpenAI
Gym, used for developing and comparing reinforcement learning algorithms.
Reinforcement learning algorithms are a set of algorithms and approaches
that essentially allow you to give feedback to a model.
It's like you having a student that is put into a classroom, and then you give it a bunch
of information, and then you have it try and answer a bunch of questions.
And based upon whether it answers those questions correctly or not, you give it positive feedback
or negative feedback.
And if it gets positive feedback, we'll fold it into its knowledge base.
If it gets negative feedback, it will not.
So essentially, what it boils down to is it's a way for people or systems to further iterate
