OpenAI built a billion $$ ads business in less than a year

OpenAI says it new Jalapeno chips performed better than Nvidia’s current lineup during testing, leading in two categories: the amount of AI work it could handle per unit of power and its speed at returning responses. OpenAI Head of Hardware Richard Ho goes over the results. #OpenAI #Nvidia #tech #business

OpenAI CEO Sam Altman told the gathered ministers and representatives at the G20 Innovation Ministerial in Chapel Hill, North Carolina on Wednesday, that the value of AI is “too high to ignore.

OpenAI’s ads business just reached a $1 billion annualized revenue run rate less than 200 days after its launch. Ad revenue is critical to supporting access to free generative AI services. And this is especially true for AI companies like OpenAI that are looking to go public in coming months. OpenAI says that