ChatGPT is becoming a technology revolution as AI is forecasted to lead the world in the coming times. The viral chatbot by OpenAI has been the talk of the world, but netizens have plenty of doubts about it. We are answering all of them here, including the most asked one- Who owns ChatGPT?
OpenAI was established in 2015 as “a non-profit artificial intelligence research company,” per the official blog. The company has been working silently in artificial intelligence, paving the way for the future. ChatGPT has put the much-needed spotlight on it.
The viral sensation can churn out answers to even the most complex questions, communicate with you like a human, crack jokes in multiple languages, and even aid you in your school assignments and work reports. There is a lot one can do using ChatGPT.
What is ChatGPT?
Let’s start with a simple explanation if you’ve been living in a cave and still don’t know what ChatGPT is. ChatGPT is a chatbot launched by OpenAI in November 2022. For context, a chatbot is a conversational application that uses artificial intelligence to replace human agents for multiple purposes.
Chatbots are computer programs that replicate and analyze spoken and written human dialogue, allowing humans to communicate with electronic devices as if they are talking with a live agent. They can also learn and improve as they collect and process data to provide high levels of personalization.
The name ChatGPT stands for “Chat Generative Pre-trained Transformer.” It was launched as a prototype on November 30, 2022, and quickly amassed massive attention from the internet. In just five days of the main launch, the chatbot garnered over a million users.
How Does ChatGPT Work?
ChatGPT is fine-tuned on top of GPT-3.5 with supervised learning and reinforcement learning. Both approaches require human trainers to improve the model’s performance which has been fed with loads of data. The model was also provided with conversation in which the trainers played both the user and AI.
Coming to the reinforcement step, human trailers initially ranked responses that the model had created in a previous conversation, and these rankings were used to create reward models. It was further fine-tuned using several Proximal Policy Optimization (PPO) iterations.
Additionally, OpenAI continuously gathers data from ChatGPT users to further train and fine-tune the program. This ensures that the chatbot always has the most precise, appropriate, and perfect responses to the user inputs.
Who Owns ChatGPT?
OpenAI owns ChatGPT, an Artificial General Intelligence (AGI) research and deployment laboratory aiming to generate AI that benefits humanity. OpenAI was founded on December 11, 2015, by Sam Altman (the former president of Y Combinator) and Elon Musk (CEO of Tesla).
The other co-founders of OpenAI are Peter Thiel, Jessica Livingstone, Greg Brockman, and Reid Hoffman (co-founder of LinkedIn). These are some of the biggest names in Silicon Valley. Sam Altman continues to be the CEO of OpenAI as of this writing.
Moreover, OpenAI has received funding from prominent names like YC Research, Amazon Web Services, and Infosys. A total of $1 billion was pledged to the creation of OpenAI and it has been further backed by another $1 billion from Microsoft Corporation.
In February 2018, Musk stepped down from the board of the company to avoid potential future conflicts with Tesla. However, he is still the main donor and brain behind the company. Open confirmed this in a statement itself.
Did Elon Musk Make ChatGPT Himself?
No. Elon Musk didn’t make ChatGPT, the viral chatbot, himself. It was created by a team of Silicon Valley developers supervised by Musk, Altman, and other co-founders of OpenAI. The specific names of the programmers are not yet made public by the company.
Although the Internet continues to call ChatGPT Elon Musk’s creation and even his next plan to take over the world, its success and its potential for revolutionizing multiple industries, including programming, education, etc., make it seem true.
A new report has confirmed that OpenAI is hiring people worldwide to train ChatGPT to write basic code. It hired around 1,000 remote contractors over the last six months. Among those, 60% of the contractors were here to do data labeling while the other 40% are programmers creating data for the chatbot to learn software engineering tasks.
ChatGPT Revenue To Be $1 Billion By 2024:
According to three sources, OpenAI expects to generate $200 million in revenue this year and $1 billion by 2024. Last year, OpenAI was valued at $20 billion in a secondary share sale, according to a report by Reuters. Following the launch of ChatGPT, the organization’s valuation spiked up to $29 billion.
The forecast displays how certain industry experts are betting on the underlying technology that has the potential to go beyond the existing public demos. The recent fame the tool got has proved the expectations true, and ChatGPT continues to take the internet by storm.
OpenAI started releasing commercial products in 2020 but affirms that its mission is to advance AI safely for humanity. The company charges around a penny or a little more to generate 20,000 words of text and around 2 cents to create an image from a written prompt, as per the information given on the website.
Recently, the company has rolled out the premium version of ChatGPT, which allows users to unlock exclusive perks. The paid version is aimed at professionals looking to benefit from the tool for work purposes. This includes developers, researchers, and other related industry individuals and groups.
ChatGPT Rolls Out The Paid Version Of The Tool:
OpenAI launched the premium version of its highly successful chatbot, ChatGPT Professional. The paid version can write essays, emails, poems, and even computer code using the power of artificial intelligence. The announcement came via the company’s official Discord server.
“Starting to think about how to monetize ChatGPT to ensure [the tool’s] long-term viability,” stated the company in the announcement. Following this, a waitlist was rolled out to send out invitations to use the premium version of the chatbot.
The waitlist outlined the benefits of paying money to ChatGPT Professional. It solves several problems and several unconfined limitations that the free version has.
ChatGPT Professional Features, Cost, and Availability:
OpenAI has started to roll out ChatGPT Professional, a premium tool version. The paid version comes with several additional features and benefits. It will take the chatbot’s capabilities to the next level and primarily aim at professional users.
The key features and advantages that ChatGPT Professional has over the free version include:
- Faster response time.
- Priority access even when the traffic is high.
- No server downtime.
- Twice the regular daily limit
- An unlimited number of messages.
These are the perks the paid users will get in the experimental stage. As of this writing, only the monthly plan is while OpenAI is expected to launch quarterly and annual plans. The Pro version is also exclusively available to a limited number of users now.
More slots will be available soon. If you plan to purchase ChatGPT Pro, stay active on OpenAI’s Discord server to find the latest updates.
Also Check: How To Bypass ChatGPT is At Capacity Right Now
Frequently Asked Questions:
ChatGPT is an artificial intelligence-based Chatbot owned by OpenAI. It is a conversational tool that serves multiple purposes and generates answers based on the user’s text input.
OpenAI, an Artificial General Intelligence research and deployment company, owns ChatGPT. It was founded and owned by Elon Musk and Sam Altman.
ChatGPT was created by a lengthy team of developers of OpenAI supervised by Elon Musk, Sam Altman, and other company co-founders.
ChatGPT allows you to input strings of meaningful text and respond accordingly. You can use it to write essays, and emails, chat about something, get information about something, and do many more things.
Yes, ChatGPT is free to use for everyone. However, there is also a paid version of the tool called ChatGPT Professional.
ChatGPT Pro or ChatGPT Professional costs $42 per month.
ChatGPT is none less than a tech revolution. The chatbot can answer almost anything with its advanced artificial intelligence-based capabilities and loads of data. If you haven’t tried it yet, do give it a shot, and you’ll be amazed by how incredible the application is.
The internet is buzzing about it, and rightly so. If you can use the tool wisely, you can save time and do wonders at work. It’s also good to kill time if you are getting bored. Netizens are divided about it, though. One group calls it sensational, while the other calls it dangerous.
Only time will tell what the future awaits. For now, we’ll recommend utilizing the brilliant tool for free while you can. Feel free to share your opinions about it using the comment box.
This is Saquib, a technology and social media expert with over 10 years of experience in the industry. With a passion for staying up-to-date on the latest developments and trends in the tech and social media world and as a writer, I have been creating informative and engaging content that is easy for readers to understand and enjoy, also published in several leading tech and social media publications and is a regular speaker at industry events. In addition to my writing and speaking engagements, I also work as a consultant, helping businesses grow with the ever-changing tech and social media niche.