The CEO of the company, Sam Altman, responded bluntly when asked about the company’s future intentions for monetization, including if they would have clients or the possibility of licensing technologies: The honest answer is, we have no idea.
We never generated any money. At this time, we have no intentions to generate any income. We have no notion how we can someday make money In a video posted on Thursday, Paytm CEO and founder Vijay Shekhar Sharma can be seen saying.
According to Altman, after they create this kind of generally intelligent system, they will ask it to find a method to generate an investment return for them as a soft promise to investors. Altman continued, I know that that sounds like a Silicon Valley episode, to laugh. You can chuckle. Everything is fine. But it’s what I truly think will happen He went on to clarify.
Video Courtesy: Grey Lock
Musk had 2019 received an investment from software major Microsoft. The Satya Nadella-led company had invested $1 billion in the company and recently announced it would invest more in OpenAI. Elon Musk, the CEO of Tesla and Twitter, co-founded OpenAI.
Microsoft announced the third phase of its partnership with OpenAI on Monday, saying, Today, we are announcing the third phase of our long-term partnership with OpenAI through a multiyear, multibillion-dollar investment to accelerate AI breakthroughs and ensure these benefits are broadly shared with the world. The size of the global artificial intelligence industry, which was estimated to be worth $65.48 billion in 2020, is expected to increase to $1,581.70 billion by 2030, rising at a CAGR of 38% from 2021 to 2030.
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