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OpenAI has reported an impressive 250 million active weekly users for its ChatGPT service, with a significant portion of revenue derived from consumer subscriptions. The company's CFO, Sarah Friar, highlighted the rapid growth in consumer engagement during an interview at the Money 20/20 conference. OpenAI is converting free users to paid subscriptions at a rate of 5% to 6%, showcasing a strong potential for monetization.
The enterprise sector is also seeing substantial interest, with one million paying users for ChatGPT's enterprise versions. Notably, financial institutions like Morgan Stanley are leveraging OpenAI's large language models to enhance their advisory services. OpenAI is exploring alternative business models, including potential ad-supported options, while continuing to evaluate pricing strategies for its advanced AI offerings.
• OpenAI reports 250 million active weekly users for ChatGPT.
• Three-quarters of OpenAI's revenue comes from consumer subscriptions.
• Morgan Stanley uses OpenAI's models for financial advisory services.
LLMs are advanced AI systems that process and generate human-like text, utilized by companies like Morgan Stanley for improved financial advice.
AGI refers to AI systems that can perform any intellectual task a human can, with OpenAI's CEO suggesting its development is closer than anticipated.
OpenAI develops AI technologies, including ChatGPT, which has rapidly gained consumer and enterprise traction.
Morgan Stanley employs OpenAI's LLMs to enhance its financial advisory services, demonstrating the practical application of AI in finance.
Microsoft partners with OpenAI, providing computing power and receiving intellectual property in return, enhancing AI capabilities.
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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