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.