Anamika Dey, editor
Brief news
- OpenAI, established in 2015, is a prominent organization in the field of AI, co-founded by Elon Musk, Greg Brockman, and Sam Altman.
- OpenAI released ChatGPT, a chatbot that simulates human speech and has gained popularity. They also have tools that can generate images and recordings from text prompts.
- OpenAI has notable clients such as PwC, Moderna, and Estée Lauder, generates an annual revenue of $3.4 billion, and has received significant investment from Microsoft. However, concerns about the impact of AI companies and Big Tech on society and power grid strain have been raised.
Detailed news
OpenAI, the organization that developed the ChatGPT chatbot, was established in 2015 by a group of entrepreneurs, academicians, and researchers, including Elon Musk, Greg Brockman, and Sam Altman.
Additionally, Altman and Brockman continue to serve as CEO and president of OpenAI, respectively. The year 2018 marked Musk’s departure. According to OpenAI, Musk departed in order to prevent a conflict of interest with his other company, Tesla, which was concentrating more on AI at the time. In the years that have passed, OpenAI has developed into one of the most prominent leaders in the field of AI.
In late 2022, OpenAI acquired popularity by releasing ChatGPT, a chatbot that can respond to user inquiries in a manner that simulates human speech. Additionally, the organization maintains instruments that can produce images and recordings from text prompts. PwC, Moderna, and Estée Lauder are among the notable clients of OpenAI, which is reported to generate an annual revenue of $3.4 billion. The AI startup has received approximately $13 billion in investment from Microsoft.
However, the extraordinary success of OpenAI has also prompted apprehension from regulators and experts, who are concerned about the significant impact that AI companies and Big Tech could have on our society, as well as the potential strain on our power grid.
Source : CNBC News
