OpenAI, creator of ChatGPT, generates $3.4B in revenue with Microsoft investing $13B, while raising concerns on AI's societal and energy impacts.

Founded in 2015 by Elon Musk, Sam Altman, and others, OpenAI, creators of the popular chatbot ChatGPT, now generates $3.4B in annual revenue and has clients like PwC, Moderna, and Estée Lauder. Microsoft has invested $13B in the company. However, the rapid success of AI companies like OpenAI has raised concerns among regulators and experts about the potential impact on society and power grids due to high energy consumption of AI systems.

August 10, 2024
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