OpenAI's Game-Changing Move Into Education With ChatGPT Integration
Portfolio Pulse from Anusuya Lahiri
OpenAI, supported by Microsoft Corp (NASDAQ:MSFT), is planning to integrate its ChatGPT chatbot into the education sector. OpenAI's COO, Brad Lightcap, announced the initiative, which aims to leverage ChatGPT as an educational tool in classrooms. Despite initial concerns about cheating, educators are recognizing its potential benefits. OpenAI is forming a new team to develop educational applications and has existing partnerships with groups like Khan Academy and Schmidt Futures. The online learning market is expected to grow significantly, and ChatGPT could contribute to this by serving as a tutor and assisting with curriculum development. However, privacy concerns for children using ChatGPT in schools have been raised. OpenAI anticipates generating over $1 billion in revenue from AI software and services within the next year.
November 17, 2023 | 11:20 am
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Microsoft Corp (NASDAQ:MSFT) is backing OpenAI's initiative to integrate ChatGPT into the education sector, which could lead to increased usage of Microsoft's cloud services and potentially boost its revenue.
Microsoft's backing of OpenAI's ChatGPT for educational purposes could lead to increased demand for Microsoft's cloud services, as AI applications are typically hosted and run on cloud platforms. This could have a positive impact on Microsoft's revenue, especially given the expected growth in the online learning market. The relevance and importance are high due to Microsoft's direct involvement with OpenAI, but not at the maximum because the article does not detail the financial specifics of the partnership.
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