RAIN CEO Nithya Thadani joined The Big Money Show to talk about the rise of new AI technology ChatGPT and the different ways it can be used to benefit consumers.
OpenAI is launching a paid subscription version of its artificial intelligence chatbot ChatGPT.
The new subscription service will be called ChatGPT Plus and will have a monthly fee of $20, the company announced on Wednesday. The subscription includes access to the chatbot during peak usage hours. The current free version limits the service for users during periods of high usage.
Subscribers also get early access to new features and improvements, as well as faster chatbot response times.
OpenAI CEO Sam Altman attends the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 6, 2022. REUTERS/Brendan McDermid/File Photo (Reuters photos)
The new subscription program will be available first in the United States in the coming weeks and then expand to other countries, OpenAI said in a statement on its website. Interested users can sign up for a waitlist on the subscription service, the company said.
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The new subscription program will initially be available in the United States and later expand to other countries, OpenAI said. Interested users can sign up for a waitlist on the subscription service, the company said. OpenAI will start inviting people from the waiting list in the coming weeks.
OpenAI will continue to offer free access to ChatGPT. The subscription service will help support free access for the chatbot, the company said. OpenAI is also exploring options for lower-cost plans and business plans.
A logo of ChatGPT as seen on a mobile phone. (CFOTO/Future Publishing via Getty Images/Getty Images)
ChatGPT allows users to input questions to the bot and receive written answers powered by artificial intelligence. It can even write poetry and essays. Some industry observers have said that ChatGPT could offer a potential alternative to current search engines in the future, although the company said the program’s results often contained factual errors.
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Last month, Microsoft Corp. announced that it will make a multi-year, multi-billion dollar investment in OpenAI, having previously invested in 2019 and 2021. The companies did not disclose financial terms of the partnership.
| ticker | security | Last | To change | To change % |
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| MSFT | microsoft corp | 252.75 | +4.94 | +1.99% |
Microsoft has announced that it will integrate artificial intelligence tools like ChatGPT into all of its products and make them available as platforms for other companies to build on. Microsoft Chief Executive Satya Nadella said the company will commercialize OpenAI’s tools like ChatGPT and give more customers access to software behind Chatbot through its Azure cloud computing platform.
Satya Nadella (Brian Smale and Microsoft – Wiki Commons) (Brian Smale and Microsoft – Wiki Commons)
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OpenAI has also discussed selling existing shares in a takeover bid that would value the company at around $29 billion, the Wall Street Journal previously reported.
