ChatGPT is a hot chat conversation bot launched by OpenAI, Inc. the AI chat conversation tool is built on the OpenAI-developed GPT language model, which performs a variety of Natural Language Processing (NLP) tasks such as summarizing, categorizing, questioning and answering, as well as error correction similar to a human response.ChatGPT is a revolutionary technology that, by taking people's productivity to a new level and making their lives easier.
Who developed ChatGPT
The ChatGPT AI chatbot is developed and owned by OpenAI, which Elon Musk and Sam Altman founded as a non-profit company in 2015.In 2018, Musk pulled out of OpenAI and no longer owns a stake in OpenAI. Initially, the company received $1 billion from Silicon Valley venture capitalists to start building neural networks.
In 2019, OpenAI raised a second round of $1 billion from Microsoft. They started using Azure supercomputers to build these large-scale language models. Fast-forward to 2023, and Microsoft has invested $10 billion in OpenAI, bringing its total stake to 49 per cent. Other investors, including Khosla Ventures, accounted for another 49 per cent, while OpenAI retained only a 2 per cent stake.
