OpenAI To Release Tools To Lower Cost For Developers Using Its AI; New Model Capabilites Expected To Drop In OpenAI's First Developer Conference Next Month
Portfolio Pulse from Benzinga Newsdesk
OpenAI is planning to release tools that will lower the cost for developers using its AI. The announcement is expected to be made at OpenAI's first developer conference next month, according to sources cited by Reuters.
October 11, 2023 | 8:29 pm
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As a key partner of OpenAI, Microsoft may see increased usage of its cloud services if the cost of using OpenAI's tools is reduced.
Microsoft is a key partner of OpenAI and hosts its AI models on Azure. If the cost of using OpenAI's tools is reduced, it could lead to increased usage of these models, which would in turn drive more usage of Microsoft's cloud services.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
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Nvidia, as a leading provider of GPUs that power AI computations, could potentially benefit from increased usage of OpenAI's tools.
Nvidia is a leading provider of GPUs that power AI computations. If the cost of using OpenAI's tools is reduced, it could lead to increased usage of these tools, which would in turn drive more demand for Nvidia's GPUs.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50