Sam Altman Drives Mass Adoption of ChatGPT Among Fortune 500 Companies: Report
OpenAI — known for its popular generative artificial intelligence (AI) tool ChatGPT — is offering its services directly to Fortune 500 companies, according to a source close to the matter.
On April 12, Reuters reported that OpenAI CEO Sam Altman and Chief Operating Officer Brad Lightcup spoke to hundreds of executives from major corporations in San Francisco, New York and London.
The play is centered around OpenAI's enterprise offerings, ChatGPT Enterprise – a robust chatbot service designed for enterprise use – and integrating client applications with OpenAI's AI services through Application Programming Interfaces (APIs).
The two noted that more than 92% of Fortune 500 companies use a consumer version of a chatbot.
OpenAI has assured future customers that ChatGPT Enterprise data will not be used to train its models, emphasizing privacy and security. This follows a series of lawsuits involving OpenAI over alleged data breaches.
The move puts OpenAI in competition with its main funder, Microsoft.
Related: New York Times accuses OpenAI of hacking AI models in copyright lawsuit
Microsoft already offers OpenAI technology through Azure Cloud and Microsoft 365 Copilot, which has led some executives to express reluctance to pay more for ChatGPT enterprise than Microsoft services.
Altman and Lightcap countered these concerns by highlighting the benefits of direct collaboration with the OpenAI team, which includes access to state-of-the-art models and AI solutions tailored to enterprise needs, the anonymous sources said.
In the year As of March 2024, OpenAI has a valuation of $68 billion and is on track to achieve its $1 billion revenue target for 2024.
He hopes sales of the company's model will make a big contribution to the bottom line. During the meetings, Lightcap noted growing interest in its business model, with more than 600,000 subscribers to ChatGPT Enterprise and Teams in January, with 150,000 — indicating growing demand for AI solutions in the corporate sector.
OpenAI is reportedly in talks with movie studios in Hollywood, promoting its Sora video creation tool to studio executives.
Despite the technology's excitement, concerns about the source of training data, reliability of results, and copyright protection remain.
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