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We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
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CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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ChatGPT got 100M users in 2 months.
It set the record for fastest-growing user base ever.
Let me tell you why that is amazing.
Here are the stats for fastest growing user base ever (to 100M users).
The Internet took 7 years.
FaceBook took 4.5 years.
Whatsapp took 3.5 years.
Instagram took 2.5 years.
TikTok took 9 months (we all thought that was pretty hard to beat didn’t we?).
ChatGPT took 2 months.
Chatgpt is probably the singular more important invention in 2023.
It opened our minds on what is possible.
It will save us time, money and resources.
It made us rethink the hard fundamentals of our life.
We are one step closer to sentient AI because of this.
People love it.
“SimilarWeb’s data for December suggests a 7 minute average duration for a visit. This compared healthily to Facebook, at 9.5 minutes and Wikipedia at nearly 4 minutes, but was far behind YouTube at 20 minutes or Google at more than 10.”
Honestly, ChatGPT will not replace major things so quickly.
But it will slowly and eventually.
Adoption takes time to spread and ChatGPT needs time to mature too as a product.
Once the underlying layer of tech, user interface and data that it mines from gets perfected, it will be truly “invisible”.
In other words, you will be using ChatGPT or OpenAI but you won’t even realise it.
Do you stop to think about how Visa or your fridge works before actually using it?
No way, you just use it naturally.
This is the promise of ChatGPT or OpenAI.
It’s an extremely powerful, yet invisible tool that will allow us to achieve things that we never thought possible before.
The possibilities are truly endless and it will be exciting to see what this revolutionary invention brings forth in the coming years.
Let’s talk money now.
ChatGPT has always been free.
It is a smart strategy to grow the user base rapidly first.
They have just announced a Plus version that has a $20 monthly subscription plan.
It allows access during peak times, faster responses and priority access to new features.
The average user probably won’t pay for it.
But if you use it for work, research, writing and need the faster response time and sharper functionalities, it might be worth the buck.
Even if 5% of their 20M American users pay for it, that’s 1M x $20 = $20M revenue per month.
I am speechless at the sheer numbers ChatGPT is producing.
Even with its current tech and pace, it has the potential to command billions in revenue.
Imagine what will happen when GPT-4 is released?
Will there be a potential enterprise version catered specifically to the large companies?
I think Microsoft snagged a good deal by acquiring 49% of OpenAI.
The race for the future of AI is heating up, and they got their money on a really good horse.
-
Has Microsoft won the AI race?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #chatgpt #gpt4 #microsoft #openai #chat #generativeAI #ai #revenue
ChatGPT got 100M users in 2 months.
It set the record for fastest-growing user base ever.
Let me tell you why that is amazing.
Here are the stats for fastest growing user base ever (to 100M users).
The Internet took 7 years.
FaceBook took 4.5 years.
Whatsapp took 3.5 years.
Instagram took 2.5 years.
TikTok took 9 months (we all thought that was pretty hard to beat didn’t we?).
ChatGPT took 2 months.
Chatgpt is probably the singular more important invention in 2023.
It opened our minds on what is possible.
It will save us time, money and resources.
It made us rethink the hard fundamentals of our life.
We are one step closer to sentient AI because of this.
People love it.
“SimilarWeb’s data for December suggests a 7 minute average duration for a visit. This compared healthily to Facebook, at 9.5 minutes and Wikipedia at nearly 4 minutes, but was far behind YouTube at 20 minutes or Google at more than 10.”
Honestly, ChatGPT will not replace major things so quickly.
But it will slowly and eventually.
Adoption takes time to spread and ChatGPT needs time to mature too as a product.
Once the underlying layer of tech, user interface and data that it mines from gets perfected, it will be truly “invisible”.
In other words, you will be using ChatGPT or OpenAI but you won’t even realise it.
Do you stop to think about how Visa or your fridge works before actually using it?
No way, you just use it naturally.
This is the promise of ChatGPT or OpenAI.
It’s an extremely powerful, yet invisible tool that will allow us to achieve things that we never thought possible before.
The possibilities are truly endless and it will be exciting to see what this revolutionary invention brings forth in the coming years.
Let’s talk money now.
ChatGPT has always been free.
It is a smart strategy to grow the user base rapidly first.
They have just announced a Plus version that has a $20 monthly subscription plan.
It allows access during peak times, faster responses and priority access to new features.
The average user probably won’t pay for it.
But if you use it for work, research, writing and need the faster response time and sharper functionalities, it might be worth the buck.
Even if 5% of their 20M American users pay for it, that’s 1M x $20 = $20M revenue per month.
I am speechless at the sheer numbers ChatGPT is producing.
Even with its current tech and pace, it has the potential to command billions in revenue.
Imagine what will happen when GPT-4 is released?
Will there be a potential enterprise version catered specifically to the large companies?
I think Microsoft snagged a good deal by acquiring 49% of OpenAI.
The race for the future of AI is heating up, and they got their money on a really good horse.
-
Has Microsoft won the AI race?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #chatgpt #gpt4 #microsoft #openai #chat #generativeAI #ai #revenue
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