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    Home»Fintech»ChatGPT Creator OpenAI Secures Gigantic Funding Boost
    Fintech

    ChatGPT Creator OpenAI Secures Gigantic Funding Boost

    October 13, 20241 Min Read


    OpenAI: An expanding influence and some emerging challenges

    The report highlighted that ChatGPT, OpenAI’s conversational AI, now has over 200 million weekly active users, doubling in just a year. The company has made strides into the corporate world, securing strategic partnerships and developing enterprise solutions.

    It’s reported that an astounding 92% of Fortune 500 companies are utilising OpenAI’s technologies, showcasing AI’s penetration into large enterprises.

    Significant among these partnerships is the collaboration with PwC, making it both the biggest client and first official reseller of ChatGPT for enterprises. Over 100,000 PwC staff across the US and UK will use this sophisticated AI tool, indicating a major shift in business operations.

    The introduction of GPT-4o mini and SearchGPT, reveals OpenAI’s intent to broaden its technological horizons and stay ahead in the AI arms race.

    The report closes on a note about Thrive Capital’s US$1.2bn commitment, with a potential additional US$1bn investment next year depending on OpenAI hitting certain revenue milestones.


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