Generative AI Startup Strategy Case Studies | Sramana Mitra

The 1Mby1M Methodology is based on case studies. In this course, Sramana Mitra shares the tribal knowledge of tech entrepreneurs by giving students the rare seat at the table with the entrepreneurs, investors and thought leaders who provide the most instructive perspectives on how to build a thriving business. Through these conversations, students gain access to case studies exploring the alleys of entrepreneurship. Sramana’s synthesis of key learnings and incisive analysis add great depth to each discussion.Ever since ChatGPT was made available to the general public, everybody is talking about how it will impact the world as we know it.ChatGPT is a generative pre-trained transformer (GPT) built on top of OpenAI’s GPT-3 family of large language models (LLMs). Generative AI is trained on vast amounts of data that enable it to understand and respond like a human. It helps create new content from previously created content. It can write and debug computer programs, compose music, plays, and student essays, and answer test questions.OpenAI’s Journey and FinancialsOpenAI was originally founded in 2015 with a stated goal of promoting and developing friendly AI in a way that benefits humanity as a whole. Sam Altman, Elon Musk, Greg Brockman, Reid Hoffman, Jessica Livingston, Peter Thiel, AWS, Infosys, and YC Research pledged over $1 billion to the venture.In 2019, OpenAI entered into a $1 billion deal with Microsoft. For using Azure Cloud Platform, it would give Microsoft the first opportunity to commercially leverage early results from OpenAI’s research. Microsoft has invested an additional $2 billion and also become a key backer of OpenAI’s Startup Fund, OpenAI’s AI-focused venture and tech incubator program.OpenAI charges developers licensing its technology about $0.0004 to $0.02 to generate 750 words of text and about $0.016 to $0.020 to create an image from a written prompt. It expects revenue of $200 million in 2023 and $1 billion by 2024. It h