Generative AI has taken the world by storm, and one of the questions at the forefront is who can afford it? OpenAI, the company behind the ChatGPT and Microsoft have already spent several billions of dollars in their AI adventures and need $100 billion to fulfill their ambitions. It is almost impossible for companies to purchase advanced and expensive hardware such as 10,000 Nvidia H100 systems, which costs tens of thousands of dollars apiece, to carry out task such as building AI applications like ChatGPT.
Outsourcing computing needs to cloud providers like Microsoft Azure, Google and Amazon Web Services (AWS) means increased dependency on tech giants. Companies must be aware that cloud costs could be unpredictable to avoid shocks. Microsoft’s CEO Satya Nadella and other big players in the industry, including the OpenAI’s founder Sam Altman, assure that the AI wave is moving in the right direction and will likely bring significant profits in the near future.
The company mentioned in this article is OpenAI. It is a non-profit artificial intelligence research firm, founded by Elon Musk, Sam Altman, Greg Brockman, Reid Hoffman, and others. OpenAI was founded in 2015 and their mission is to “ensure that artificial general intelligence benefits all of humanity”. To date, the company has invested around $540 million in developing ChatGPT and claims to need $100 billion to meet its ambitions.
The person mentioned in this article is Sam Altman. He is a technology entrepreneur, investor, and programmer. Altman is the President of Y Combinator, a leading startup accelerator program. He also serves as the Chairman of OpenAI, a non-profit artificial intelligence research company. In addition, he was the CEO of start-up incubator Hacker’s CEO and the co-founder of Loopt. Altman was recently quoted as saying that OpenAI would be the most capital-intensive start-up in Silicon Valley history.
