Key Points:
Previously, OpenAI stated that Morgan Stanley uses GPT-4 to organize data, while Stripe tests whether it will help combat fraud. Other customers include language learning company Duolingo Inc., the Khan Academy, and the Icelandic government.
Greg Brockman, president and co-founder of OpenAI, said that the new version is better at finding specific information in a corporate earnings report or providing an answer about a detailed part of the US federal tax code. He explained that GPT-4 can comb through “dense business legalese” to find a solution.
OpenAI first unveiled it’s $20 a month premium subscription offering in February, following the widespread public interest in its chatbot. According to David Singleton, chief technology officer at Stripe, Stripe will take a small percentage of the transactions that go through its platforms. The partnership means that Stripe will integrate OpenAI’s new technology into its products and services, and it is currently experimenting with 14 pieces of GPT infrastructure.
For Stripe, the partnership with OpenAI comes as a fillip, as it cut its internal valuation by 11% to $63 billion in January amid a wider slump in the fintech industry. The collaboration will help both companies leverage each other’s expertise, benefiting their respective customer bases.
OpenAI’s GPT-4 technology has been gaining traction, as it has already attracted the attention of several large organizations. The partnership with Stripe will further its efforts to monetize its tools as it expands its customer base and product offerings. With the increasing demand for AI-driven tools, OpenAI’s GPT-4 technology is well-positioned to address the growing needs of businesses and individuals looking to leverage the power of AI.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
Industry experts predict spot Solana ETFs may gain approval by late 2025, buoyed by a…
Wall Street financial services giant Cantor Fitzgerald is all set to purchase a 5% stake…
The XRP price recently surpassed $1 after rumors sparked about Donald Trump meeting its CEO;…
Discover why Qubetics, Monero, and Celestia are among the best cryptos to buy in November…
Discover the best altcoins to buy now: Qubetics soars with a weekly 10% rise, Polygon…
As Bitcoin climbs to new record highs, investors are eyeing affordable altcoins with the potential…
This website uses cookies.