ChatGPT is earning $80 Million per MONTH!

AI Heaven or Hell? Here's what's going on this week in AI.

Sep 07, 2023

One of the problems with AI is that you either adapt or get crushed.

There are MORE people creating content.

There is MORE AI-generated content.

There is just more noise.

Creating content takes time, and systems are going to be a leading indicator of success. If you can learn how to use AI and put into a repeatable or outsourceable system, you’ll get better results.

This newsletter on Substack, “The Bot,” is all about helping entrepreneurs (and regular people) use AI tech better in their own lives.

So let’s get to it.

Open AI earn $80 Million per Month!

OpenAI, the A.I. startup behind chatbot phenomenon ChatGPT, is on track to generate more than $1 billion in annual revenue, according to a new report.
Last year—before it began charging users to access its generative A.I. chatbot, ChatGPT—OpenAI’s annual revenue reached just $28 million, according to The Information.
Under the terms of a deal it made with Microsoft earlier this year, the tech giant is entitled to 75% of OpenAI’s profits until its $13 billion investments in the startup are repaid.

Canva integrates with ChatGPT

To make it easier to create digital images like banners and logos, OpenAI has incorporated Canva through ChatGPT's plugin platform. Simply installing the Canva plugin on ChatGPT's interface will provide users access to this feature. Users define the visual they want to create in the prompt box after installation, which generates a list of visual alternatives that can be downloaded and altered in Canva.

The ChatGPT Plus subscription plan holders are the only ones with access to the Canva plugin. Subscribers receive the capacity to generate digital visuals with ease and obtain access to the GPT-4 language model's advanced features, such as producing long-form content and picture recognition, for a monthly subscription of $20.

Canva's integration by OpenAI is a part of a larger plan to improve ChatGPT's functionality.

Zoom rebrands AI tool

Zoom has renamed ZoomIQ, a general-purpose AI assistant, to AI Companion, which is designed to draft chat responses, summarize in-meeting discussions in real time, and even help you handle email.

Do you have a lot of unread chat messages?

AI will soon provide quick summaries and allow you to split meeting recordings into intelligent chapters for easy review, highlight important information, and suggest next steps. Later this fall, the feature set will expand to include automated meeting scheduling and digital whiteboard brainstorming.

But what about data privacy?

After being criticized for recent terms of service, Zoom reassures that this AI addition stems from responsible practices, and promises that your audio, video and chat content will not used to train their AI models. Admins can also customize which AI features are enabled, giving the organization flexibility and control.

Zoom plans to reveal even more features for its AI Companion in Zoomtopia in early October. If you have a paid Zoom plan, you can enable these new features now and expect more updates this fall as Zoom tries to maintain their market advantage.

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New AI Tool to try

Tired of explaining the same thing over and over to your co-workers? It's time to let AI do the work. Guidde is her GPT-based tool that helps explain the most complex tasks in seconds using AI-generated documents.

Turn boring documents into engaging visual guides

Save valuable time by creating video documents 18x faster

Share or embed guides where your team can see them

Just click "capture" in the browser extension, and the app will automatically generate a step-by-step video tutorial with images, narration and CTA.

Best place? The Guidde extension is completely free. Install it here.

Wrap Up

Did you enjoy the newsletter? If you did, please share and help us grow. Plus you’ll look pretty cool to your audience!

What AI tool are you using this week? Let me know in the comments!