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Reading: OpenAI targets $100B valuation as business user base tops 1 million
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OpenAI targets $100B valuation as business user base tops 1 million

Abdulafeez Olaitan
Last updated: 2024/09/08 at 10:29 AM
Abdulafeez Olaitan
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OpenAI targets $100B valuation as business user base tops 1 million
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OpenAI has announced a major milestone: its business segment, including ChatGPT Enterprise, Team, and Edu, now boasts over one million users, a significant increase from 600,000 in April. This growth shows the success of its advanced AI language models.

As OpenAI celebrates this achievement, the company is planning to roll out higher-priced subscription tiers for its upcoming models, like Strawberry and Orion. 

These new plans could cost up to $2,000 per month, reflecting the increasing demand for advanced AI capabilities.

This move comes amid growing competition in the AI space, with new entrants like xAI’s Grok-2 aiming to challenge OpenAI’s dominance. 

Despite this, OpenAI’s business continues to flourish, with ChatGPT’s weekly active users doubling in the past year to over 200 million.

Looking ahead, OpenAI is also preparing for a significant funding round, with interest from major players like Apple and Nvidia potentially pushing the company’s valuation beyond $100 billion.

 Microsoft, which already holds a 49% stake in OpenAI, will also contribute to this round.

In the regulatory sphere, OpenAI has expressed support for California’s new AI watermarking bill but has opposed legislation requiring mandatory safety testing of AI models. 

This comes as the international community, including the US, EU, and UK, has signed a treaty focusing on AI safety and human rights.

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Posted by Abdulafeez Olaitan
Abdulafeez Olaitan is a communication specialist with quality experience in digital media as a writer, journalist and editor. He has been nominated for the Rhysling Award, Pushcart Prize and Best of the Net Award. Contact: Abdulafeez.Olaitan [at] news.ng
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