Tag: Social Discovery Group

9.65 billion dollars! That is how much the global online dating market size was valued in 2022. And at a projected compound annual growth rate of 7.4% all the way up to the year 2030, things are only going to get hotter and hotter.

If these numbers already fascinate you, remember that they only represent the online dating segment of the social discovery spectrum.

Social Discovery Group tends to experiment with a variety of other exciting products that can help like-minded people connect. It is certainly a great time to be alive as we transform our current world and the way we interact with each other!

But of course, the most curious question remains; how will the social discovery industry evolve over the course of the upcoming years?

9.65 billion dollars! That is how much the global online dating market size was valued in 2022. And at a projected compound annual growth rate of 7.4% all the way up to the year 2030, things are only going to get hotter and hotter.

If these numbers already fascinate you, remember that they only represent the online dating segment of the social discovery spectrum.

Social Discovery Group tends to experiment with a variety of other exciting products that can help like-minded people connect. It is certainly a great time to be alive as we transform our current world and the way we interact with each other!

But of course, the most curious question remains; how will the social discovery industry evolve over the course of the upcoming years?

To say that artificial intelligence is a hot topic is somewhat of an understatement. You cannot even go to the local coffee shop without overhearing someone talking about it. And while work within the areas of AI, machine learning and neural networks have been ongoing for decades, it wasn’t until recently that it all came to a head. The tipping point? ChatGPT!

Created by OpenAI, ChatGPT has received a lot of attention recently. And love it or hate it, it’s a rocket ship that’s showing no signs of a slowdown. As Dmitry Volkov, an early investor in OpenAI, explained in a recent social post, “ChatGPT reached over 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history. And it keeps growing.”

In his post, Volkov, who is the founder and CEO of Social Discovery Group, added that the value of the startup is now “around $29 billion.” He also stated that “OpenAI anticipates steep growth in the coming years: by 2024, the company aims to reach $1 billion in revenue.”

Volkov and Social Discovery Group’s investment arm, which according to sources has more than $500 million in assets under management and $50 million invested in public markets, joined Koshla Ventures as a limited partner in the OpenAI investment.