OpenAI set to launch store as ChatGPT reaches 100mn users
$Microsoft (MSFT.US)$ OpenAI is launching custom versions of ChatGPT that can be adapted and tailored for specific applications, turning the chatbot interface into a digital platform like iOS or Android.
Known as GPTs, the tools can be built using plain English for cases such as tutoring a child in maths, creating a travel concierge or designing a website. The Microsoft-backed artificial intelligence company said it planned to launch a GPT Store in the coming weeks, to collate the best apps, and eventually split revenues with the most popular GPT creators.
The store’s launch comes exactly a year after the public debut of ChatGPT, echoing Apple’s decision to launch the iOS App Store a year after the iPhone, which brought it into the software services business.
In an event for developers on Monday, OpenAI said ChatGPT had 100mn weekly active users, and launched a new AI model, GPT-4 Turbo, for developers, which can analyse more than 300 pages of text in a single prompt, and is half the price of its previous offering.
As OpenAI expands its ambitions in building a viable business and developing cutting-edge AI, it is under pressure to raise significant capital for infrastructure and computing costs. The company is in talks with existing investors including Thrive Capital about selling shares at a valuation of $86bn, roughly three times what it was worth six months ago.
A stock sale at the level OpenAI is targeting would make the San Francisco-based group one of the world’s most highly valued private companies.
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