OpenAI Revenue

Plus: Can ChatGPT do data science?

Author

Cash Nut
July 15, 2024

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In Today’s Edition 

  • SpaceX rocket accident leaves the company's Starlink satellites in the wrong orbit 

  • Google reportedly in advanced talks to acquire cyber startup Wiz for $23 billion, its largest-ever deal

  • Can ChatGPT do data science? 

  • This Is The Fastest Object Ever Made by Humans, And It's Not Slowing Down 

These cannabis gummies keep selling out in 2023

If you've ever struggled to enjoy cannabis due to the harshness of smoking or vaping, you're not alone. That’s why these new cannabis gummies caught our eye.

Mood is an online dispensary that has invented a “joint within a gummy” that’s extremely potent yet federally-legal. Their gummies are formulated to tap into the human body’s endocannabinoid system.

Although this system was discovered in the 1990’s, farmers and scientists at Mood were among the first to figure out how to tap into it with cannabis gummies. Just 1 of their rapid onset THC gummies can get you feeling right within 5 minutes!

🚀Startups Nuts

A SpaceX rocket has failed for the first time in nearly a decade. The upper stage engine of the Falcon 9 rocket malfunctioned several minutes into flight. It left 20 Starlink satellites in an orbit less than half of what was intended. The company is attempting to boost some of the satellites to a higher orbit using onboard ion thrusters, but it is unlikely to be successful. The satellites will likely return to the atmosphere and burn up. The Federal Aviation Administration says the problem must be fixed before SpaceX can fly its Falcon rockets again.

Sam Altman projected $3.4 billion in annual recurring revenue for OpenAI in June. This report takes a look at publicly available data to calculate whether this projection is accurate. Most of OpenAI's revenue comes from ChatGPT Plus subscribers, with around 21% coming from ChatGPT Enterprise and 15% from the API. The full report is available in the article.

Other News

  • Earned Wealth, a wealth startup for doctors, raised $200 million

  • Headway, a behavioral therapist network, raised $100 million

  • X-Bow Systems, a solid rocket motors maker, raised $70 million

  • Regard, a clinical insights platform, raised $61 million

  • Planqc, a quantum computing startup, raised $54 million

🏭Business Nuts 

Google may be acquiring cybersecurity firm Wiz for $23 billion. Wiz, founded in 2020, had been eyeing an IPO as recently as May, when it achieved a valuation of $12 billion. Its security offering gives companies insight into their full cloud presence. If completed, the deal will be Google's largest acquisition yet.

Other News

  • The EU accused X of misleading users by letting anyone buy a blue check and thus flooding the platform with impersonators. X faces fines of up to 6% of its global revenue if the EU’s concerns aren’t addressed.

  • Dollar General will pay $12m to settle OSHA violations, including blocked emergency exits and improper merchandise storing that could have resulted in injury if items fell.

  • The Ambani wedding, the monthslong mega-event that captivated the globe with its celeb-laden guest lists and an estimated $130m+ price tag, is finally over. The father of the groom is worth a cool ~$122B.

📱Tech Nuts

The challenges of using ChatGPT are worse for data science tasks. Data scientists often work with very large data sets that have quality issues on tasks that may require domain expertise. Using ChatGPT will mean that data scientists also have to understand the context, data, code, and assumptions in ChatGPT's responses. Data scientists are still undecided whether tasks in the field are suitable for ChatGPT or not.

Other News

  • Llama 3 405B will likely launch on 23rd July. This is the first multimodal Llama model, handling both text and images. Will Meta release it as open-weights? and does that actually matter? 405B means a huge model that can’t run on local PCs.

  • Rufus, Amazon's AI shopping assistant, is now available to all U.S. customers! It can answer product questions, compare options, provide recommendations, and give info about specific orders. It also answers generic, non-shopping-related queries in the context of “what should you buy.”

  • Google’s greenhouse gas emissions increased 48% between 2019 and 2023, and Microsoft’s emissions are up 29% since 2020. The culprit? Power-hungry AI.

🎁Miscellaneous

NASA's Parker Solar Probe was recorded traveling at 635,266 kilometers per hour on June 29. It is expected to reach a top speed of around 692,000 kph when it makes its closest approach to the Sun in 2025. The probe uses Venus' gravity to create a sort of gravity-powered slingshot to reach its incredible speeds. It will eventually get within 6.12 million kilometers of the layer of ionized gas considered to be the Sun's surface.

💡What else are we reading and seeing?

😎Fun Fact

On this day: In 2006, Twitter — then called Twttr — debuted. It allowed users to share short messages by texting “404044.”

🔥 Few tools many people are finding useful

  • Storm - Get a Wikipedia-like report on your topic

  • Telescope - Find the right people in seconds

  • KushoAI - Fastest way to test your API

  • Dropbase - Prompt-based python web app builder

  • Phaie by Creatr - Create, edit and renew design systems and fix files

  • Rabbit Holes - Dive deep into any topic with curated content from across the web

  • VideoRecorder by Gan AI - Record unlimited videos & personalize them with ease

  • Wanderboat AI - An AI travel companion for discovering restaurants, attractions, and events

🐦Joke of the Day

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