ChatGPT Creator Achieves 1 Million Business Users, Aims for Premium OpenAI Subscriptions Expansion
OpenAI Surpasses 1 Million Business Users
OpenAI has reported that its business segment, which includes products like ChatGPT Enterprise, Team, and Edu, has grown significantly, reaching over 1 million paid users as of September 5, 2024. This reflects a remarkable 67% increase since April 2024, up from 600,000 users.
Plans for Premium Subscriptions
- OpenAI is set to introduce higher-priced subscription plans for its upcoming large language models, including Strawberry and Orion.
- New premium plans could cost as much as $2,000 per month.
Competition and Market Trends
These developments coincide with xAI's recent launch of the Grok-2 AI assistant, indicating potential competition in the AI marketplace. Elon Musk suggested that xAI could rival OpenAI by the end of 2024.
OpenAI's Valuation and Future Prospects
As OpenAI's user base expands, its valuation is expected to soar, potentially reaching over $100 billion. Reports suggest that major investors like Apple and Nvidia are interested in OpenAI's upcoming funding round.
Current User Growth and Financials
- On August 29, OpenAI announced that ChatGPT's weekly active users have doubled to exceed 200 million over the past year.
- Despite this growth, OpenAI’s revenue remains underwhelming, with annualized sales of approximately $3.4 billion as of May 2024.
AI Regulation Efforts
OpenAI supports California's AB 3211 AI bill aimed at requiring watermarks in the metadata of AI-generated content. However, it has opposed another bill, SB 1047, which mandates safety testing of AI models.
Global AI Regulations
- On September 5, a Framework Convention on AI was signed by the US, EU, and UK, emphasizing human rights and accountability in AI governance.
- This represents the first legally binding international treaty on AI, though penalties for violations are yet to be determined.
Source: Cointelegraph
