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WarAndGeese t1_jalq339 wrote

Reply to comment by Educational-Net303 in [D] OpenAI introduces ChatGPT and Whisper APIs (ChatGPT API is 1/10th the cost of GPT-3 API) by minimaxir

Don't let it demotivate competitors. They are making money somehow, and planning to make massive amounts more. Hence the space is ripe for tons of competition, and those other companies would also be on track to make tons of money. Hence, jump in competitors, the market is waiting for you.

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Smallpaul t1_jam7abr wrote

> Don't let it demotivate competitors. They are making money somehow,

What makes you so confident?

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MonstarGaming t1_japbd46 wrote

>They are making money somehow

Extremely doubtful. Microsoft went in for $10B at a $29B valuation. We have seen pre-revenue companies IPO for far more than that. Microsoft's $10B deal is probably the only thing keeping them afloat.

>Hence the space is ripe for tons of competition

I think you should look up which big tech companies already offer chatbots. You'll find the space is already very competitive. Sure, they aren't large, generative language models, but they target the B2C market that ChatGPT is attempting to compete in.

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