{"id":89018,"date":"2024-08-12T00:14:26","date_gmt":"2024-08-12T04:14:26","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89018"},"modified":"2024-08-13T00:41:03","modified_gmt":"2024-08-13T04:41:03","slug":"the-rise-of-openai-and-microsofts-13-billion-bet-on-the-ai-startup","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2024\/the-rise-of-openai-and-microsofts-13-billion-bet-on-the-ai-startup.html","title":{"rendered":"The rise of OpenAI and Microsoft\u2019s $13 billion bet on the AI startup"},"content":{"rendered":"\n<p>(CNBC) OpenAI gained popularity in late 2022 after releasing ChatGPT, a chatbot that can answer user questions in a manner that sounds like a human. The company also has tools that can generate images and videos from text prompts. OpenAI now reportedly generates annual revenue of $3.4 billion, and has notable customers, including\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/05\/29\/pwc-to-become-openais-first-reseller-and-largest-enterprise-user.html\">PwC<\/a>, Moderna and Est\u00e9e Lauder. Microsoft has invested about $13 billion into the AI startup.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/08\/10\/rise-of-openai-microsofts-13-billion-artificial-intelligence-bet.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) OpenAI gained popularity in late 2022 after releasing ChatGPT, a chatbot that can answer user questions in a manner that sounds like a human. The company also has tools that can generate images and videos from text prompts. OpenAI [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89018","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89018"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89018\/revisions"}],"predecessor-version":[{"id":89019,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89018\/revisions\/89019"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}