Apple Set to Make Millions on Generative AI with OpenAI’s ChatGPT Application for iPhones

Date:

Last Thursday, OpenAI launched the official ChatGPT app for iOS 16.1 and later, allowing Apple device owners to experience OpenAI’s latest advancements “at their fingertips”. Apple stands to make millions of dollars per year from their 30% cut of a subscription component that grants access to ChatGPT Plus, an upgrade of the app’s services for $20/month.

The sheer scope of this development is incredible – OpenAI’s breakthroughs in the field of generative AI could be tapped into by Apple users around the world. It was also noted by analysts that, since users subscribe to the service directly within the app, Apple is getting their due share of the profits, suggesting a monopoly of sorts.

If 5 million users were to subscribe to ChatGPT Plus, Apple would rake in a yearly sum of $360 million from ChatGPT, a figure that demonstrates the company’s clout in the industry. Furthermore, when compared to the contributions OpenAI has made to public research in AI, this speaks volumes with regards to the power dynamics today.

OpenAI is a nonprofit research laboratory founded in 2015 that works with hundreds of researchers in the fields of machine learning and artificial intelligence with a mission to promote the safety and wellbeing of humanity through technological advancements. Aimed at the cultivation of large-scale and transformative AI systems, its multidisciplinary team has achieved several highly regarded achievements, including leading Autonomous Driving Technologies.

Maxwell, the team’s CEO, is an experienced entrepreneur who received his M.Sc from the University of Michigan. He is a strong believer in empowering a global network of AI researchers and working with them to work on new and innovative technologies. By working on projects with numerous universities and other research institutions, he has become a leading advocate for using AI to find solutions to global problems and promotes the use of machine learning as an effective tool for innovation.

See also  AI Technologies Require Large Water Consumption for Optimal Functioning: Research

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Samsung’s Foldable Phones: The Future of Smartphone Screens

Discover how Samsung's Galaxy Z Fold 6 is leading the way with innovative software & dual-screen design for the future of smartphones.

Unlocking Franchise Success: Leveraging Cognitive Biases in Sales

Unlock franchise success by leveraging cognitive biases in sales. Use psychology to craft compelling narratives and drive successful deals.

Wiz Walks Away from $23B Google Deal, Pursues IPO Instead

Wiz Walks away from $23B Google Deal in favor of pursuing IPO. Investors gear up for trading with updates on market performance and key developments.

Southern Punjab Secretariat Leads Pakistan in AI Adoption, Prominent Figures Attend Demo

Experience how South Punjab Secretariat leads Pakistan in AI adoption with a demo attended by prominent figures. Learn about their groundbreaking initiative.