NVIDIA is the World, OpenAI is the Word

NVIDIA recently hit a $3 trillion market cap, surpassing Apple and temporarily becoming the second-most valuable public company, second only to Microsoft. NVIDIA chief Jensen Huang may be attracting all the limelight at the moment, giving away autographs; but OpenAI is right around the corner.

Apple is placing huge bets on OpenAI. The company is reportedly going to reveal a new AI system called ‘Apple Intelligence’ at the Worldwide Developers Conference (WWDC) 2024 in partnership with OpenAI, and integrating ChatGPT into iOS 18 to enhance Siri’s capabilities.

It wouldn’t be wrong to say that today OpenAI is one of the most sought-after AI startups in the world. Whether it is education, media, or healthcare, OpenAI is building products for every industry.

OpenAI is Omnipresent

Recently, Hollywood actor Ashton Kutcher praised OpenAI’s Sora, saying that creators will be able to render a whole movie using it. “I have a beta version of it, and it’s pretty amazing,” Kutcher said of the platform in a recent conversation with former Google CEO Eric Schmidt at the Berggruen Salon in Los Angeles.

With the new voice capabilities of GPT-4o, it has most likely already impacted the jobs of voice actors. Most recently the company released a new demo featuring the GPT-4o model’s ability to generate voices for a range of Disney-like characters, including animals like snake, owl, and fox. 

OpenAI Assists Teachers 

OpenAI recently announced ChatGPT Edu, a version of ChatGPT built for universities to responsibly deploy AI for students, faculty, researchers, and campus operations. Powered by GPT-4o, it can reason across text and vision and use advanced tools such as data analysis. 

Moreover, OpenAI partnered with Arizona State University (ASU) to integrate ChatGPT into its classrooms. The aim is to enhance student success, foster innovative research, and streamline organisational processes. 

Similarly, the response has been positive from Indian schools as well. “ChatGPT 4.0 has become an indispensable tool in our classrooms,” said Meena Bagga, a teacher at a prominent school in New Delhi. 

“It has revolutionised the way we approach learning, making it more interactive, personalised, and engaging for our students,” she added.

OpenAI Saves Lives

In healthcare, OpenAI has partnered with Moderna, providing employees access to ChatGPT Enterprise developed on OpenAI’s GPT-4. Moderna plans to utilise ChatGPT Enterprise for mRNA medicine development, aiming to launch up to 15 new products in five years. These include a vaccine for RSV and personalised cancer treatments.

Meanwhile, Indian fitness and lifestyle startup Healthify (formerly HealthifyMe) is using OpenAI’s GPTs for real-time nutritional analysis, healthy suggestions, and more. On the other hand, OpenAI has partnered with Summer Health, a 24×7 text-based pediatric care service, to assist its doctors using GPT-4. 

Summer Health has implemented a new feature that automatically generates visit notes from a doctor’s detailed written observations using GPT-4.

OpenAI as AgriTech

OpenAI is helping farmers in India increase crop yields as well. Using GPT-4, agricultural NGO Digital Green introduced Farmer.Chat, a chatbot covering a wide range of agricultural topics including crop advice, disease identification, weather forecasts, and market information.

Make money with GPT-4

Researchers at the University of Chicago’s Booth School of Business have demonstrated that OpenAI’s GPT-4 can perform as well as or even better than human experts in financial statement interpretations. 

The study claimed that GPT-4 could forecast future profit direction with 60% accuracy, outperforming a majority of human financial analysts who averaged an accuracy of 53-57%.

The New Google Search 

OpenAI has partnered with several prominent media houses to enhance its AI models and provide high-quality content to users. These partnerships include Le Monde and Prisa Media, which bring French and Spanish news content to ChatGPT, as well as Vox Media, The Atlantic, and News Corp, which provide a wealth of journalistic content for training and user engagement. 

Through these partnerships, OpenAI can build a model that could act like a search engine and have enough data to provide real-time information to its users. Additionally, OpenAI has collaborated with Axel Springer, Financial Times, and Associated Press, among others, to support the dissemination of accurate and balanced news stories. 

Everyone can Design 

Using DALL-E 3, users can easily brainstorm design ideas by simply giving the prompts in natural language. It speeds up the design process, removes the need for manual drawing, and lets designers experiment quickly. 

Moreover, Canva’s Magic Studio also uses GPT-4 to generate content and designs. Canva’s design generation tool combines OpenAI’s API with Canva’s own AI design engine and library of over 100 million assets and templates.

While everyone is awaiting the OpenAI-Apple partnership to happen, the message is clear that OpenAI is here to stay. As of February 2024, OpenAI’s valuation stands at $80 billion. 

Interestingly, Chinese investor and serial entrepreneur Kai Fu Lee is bullish about OpenAI becoming a trillion-dollar company in the next two-three years. “OpenAI will likely be a trillion-dollar company in the not-too-distant future,” said Lee, adding that GPT-4 and GPT-4 Turbo are unbelievably good and a great balance for  performance and cost. 

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