OpenAI Lost $540 Million Developing ChatGPT in 2022

Writer: theaihustle

4 Min Read

Welcome back guys, hope you’ve enjoyed your weekend. Warm welcome to any new readers. Decent amount of news to cover today including OpenAI’s revenue loss, Microsoft, and more.

We’ll be covering that and more:

• 🤖 OpenAI Loses $540 Million Developing ChatGPT in 2022

• 👆️ Microsoft Introduces Copilot for SharePoint

• 🍎 Apple Co-Founder says AI makes scams harder to detect

• 👨🏼‍🎓 AI Master Class - 10 Prompts for SEO Optimisation

• 🛠 Trending AI Tools for Speech Generation

• 🐦 Tweet of the Day - Jas Singh

🤖 OpenAI Reportedly Lost $540 Million Developing ChatGPT in 2022

Household name OpenAI has lost over $540 million in 2022, which is double the amount they lost in the previous year. The majority of these losses are attributed to the development of ChatGPT. Despite the significant financial loss, OpenAI plans to continue investing in ChatGPT and other AI technologies, citing long-term benefits and potential revenue streams.

How did they lose so much? The development of the chatbot was not only costly, but also time-consuming, with the model requiring extensive amounts of computational power and resources. Another probable reason is OpenAI’s decision to open-source the model, which although has led to its widespread use, led to high costs associated with its development and upkeep.

These struggles have led to concerns about the future of the company and the industry as a whole. OpenAI’s CEO Sam Altman remains optimistic about their long-term prospects making reference to the growing demand for AI technologies.

👆️ Microsoft Introduces Copilot AI in SharePoint

Microsoft is set to introduce Copilot, its AI-powered productivity tool, to SharePoint. Copilot can help users develop their existing document or presentation into a page that uses SharePoint’s high-quality design visuals. Another feature is that it can help users rewrite essential text passages on the page to suit the tone and angle of the intended audience.

The new SharePoint start page includes templates that connect the intranet to a business’s communication needs. They’re also adding a brand centre, where users can specify fonts and colours among other design elements essential to a user’s business and product/service.

Users of Copilot in SharePoint will only need to describe in words the type of site or page that they will want to see. This is what Adam Harmetz, vice president of program management for Microsoft’s collaborative apps and platforms had to say: “If you can describe the site or page, Copilot in SharePoint will begin to create it for you, and then work with you to edit and refine it. And all within our existing commitments to data security and privacy in the enterprise.”

Pretty exciting stuff if you’re a avid user of SharePoint.

🍎 Apple Co-Founder says AI makes Scams Harder to Spot

Apple co-founder Steve Wozniak has warned about the potential negative impact of artificial intelligence (AI), saying it could make scams and misinformation harder to detect.

Speaking to the BBC, he expressed concern that the technology could be used by "bad actors" to deceive people. Wozniak said that AI-generated content should be clearly labelled and that the sector required regulation. He had previously signed a letter alongside Tesla CEO Elon Musk in March calling for a halt to the development of the most powerful AI models.

While Wozniak acknowledges the benefits of AI, he believes it will make bad actors even more convincing as programs like ChatGPT can create text that "sounds so intelligent." He believes that responsibility for anything generated by AI should rest with those who publish it and that regulation should hold big tech firms accountable.

However, Wozniak remains sceptical that regulators will get it right, as the forces that drive for profit usually win out. Despite his concerns, Wozniak does not believe AI will replace people because it lacks emotion. Instead, he says that people must be better educated to spot fraud and malicious attempts to obtain personal information.

👨🏼‍🎓 AI Master Class - 10 Prompts for SEO Optimisation

1. Help me identify the most effective SEO keywords for [website], based on search volume, relevance, and competition, that will drive more traffic and improve our search engine rankings.

2. Craft a list of high-volume, low-competition SEO keywords for [niche/topic], optimized for voice search and long-tail queries.

3. Create an SEO keyword research report for [competitor], detailing their top keywords, ranking positions, and search volume, to inform our own keyword strategy.

4. Write a blog post that provides a step-by-step guide to conducting effective SEO keyword research, including how to use keyword research tools, analyse competitors, and identify long-tail keywords.

5. Generate a list of long-tail SEO keywords for [industry/niche], based on customer pain points, frequently asked questions, and customer search behaviour.

6. Help me optimize our website's meta tags and content with targeted SEO keywords that align with our content marketing strategy and target audience.

7. Conduct a comprehensive SEO keyword audit for [website], identifying opportunities for optimization and improvement in our current keyword strategy.

8. Create a list of high-intent SEO keywords for [product/service], based on customer search behaviour, search volume, and competitor analysis.

9. Generate a list of local SEO keywords for [location], optimized for local search and driving traffic to our physical storefront or service area.

10. Provide me with a report on the top trending SEO keywords in [industry/niche], and how we can leverage these keywords in our own content and SEO strategy.

🛠 Trending Tools for Speech Generation

1. Synthesia - AI voice generator with pricing plans, including a free plan and options for Basic and Pro plans. Supports multiple languages [link]

2. Lovo - Advanced AI based text-to-speech voice generator. Ideal for audio ads, e-learning, audiobooks, and video games [link]

3. Murf - High quality natural sounding AI voices for your projects [link]

🐦Tweet of the Day

That's all for today guys, good job making it to here, hopefully you enjoyed this edition.

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