From Pakistan Today: 2024-04-14 04:37:18

Elon Musk’s AI startup xAI aims to raise up to $4 billion, with plans to value the company at $18 billion. OpenAI is pitching AI services to Fortune 500 companies, showcasing products like ChatGPT Enterprise. Some executives questioned the need for the service given Microsoft’s offerings through Azure and Microsoft 365 Copilot.

OpenAI has been engaging with corporate executives in the U.S. and London to showcase its AI capabilities, including text-to-video models. ChatGPT Enterprise promises data privacy for customers in industries like finance and healthcare. Microsoft, a major investor in OpenAI, also offers access to AI technology through its Azure cloud.

OpenAI, last valued at $86 billion, is diversifying revenue streams by targeting enterprises with products like ChatGPT Enterprise. With over 600,000 users signing up for the service, OpenAI expects enterprise sales to boost revenue significantly. The company is also exploring partnerships with Hollywood studios for its video creation tool Sora.

Despite concerns about data sources, reliability, and copyright protection, Hollywood studios are showing interest in OpenAI’s Sora video creation tool. Executives from Fox and News Corp have engaged with OpenAI in exploring potential applications for the technology. This initiative marks OpenAI’s efforts to tap into the entertainment industry.



Read more at Pakistan Today: OpenAI launches massive ChatGPT push after Elon Musk unveils $4b Grok lift