OpenAI's Financial Milestone: Breaking Down the $1.6 Billion Annualized Revenue

AI giant OpenAI has hit a significant financial milestone, surpassing $1.6 billion in annual revenue, as reported by TheInformation. This is a considerable increase from the $1.3 billion recorded in mid-October. Despite recent controversies about its leadership, OpenAI has shown resilience and growth.

A major contributor to this financial success is OpenAI's ChatGPT product, an AI tool that generates text based on users input. It has become a focal point for smart investors in the artificial intelligence field, boosting the company's monthly revenue to an impressive $80 million. OpenAI faced a setback of $540 million during the 2022 development of GPT-4 and ChatGPT. However, the company bounced back with the launch of an improved version of ChatGPT. This enhanced model comes with more features and better privacy measures, aiming to attract a wider customer base and increase profits from its main product.

OpenAI started in 2015 as a non-profit organization but transitioned to a capped-profit venture in 2019, a move that has proven successful. This change allowed OpenAI to attract significant investments from venture funds and gave employees a stake in the company. Microsoft's substantial investments in 2019 and 2023, along with providing computing resources through Microsoft's Azure cloud service, have strengthened OpenAI's financial position. With a $1 billion injection over five years, the company is strategically positioning itself to commercially license its advanced technologies.

Despite facing challenges like changes in leadership and high development costs, OpenAI's financial outlook remains strong. The company is currently in talks to secure more funding, with an expected valuation between $80 billion and $90 billion, comparable to Uber's market valuation. OpenAI aims to generate $1 billion in revenue in 2023, solidifying its position as a key player in the artificial intelligence industry.

Image: DIW

Read next: Even Though Prompt Engineering is a Hot Skill, Better Communication with Humans will be More in Demand
by Irfan Ahmad via Digital Information World

Even Though Prompt Engineering is a Hot Skill, Better Communication with Humans will be More in Demand

If you are a prompt engineer there is a chance that you can get paid 6 figures for your job. In this new era of AI, a prompt engineer is a person who gives commands to AI chatbots like ChatGPT to bring out answers that can be used to bring out the best in these chatbots. On the other hand, Logan Kilpatrick who works for OpenAI says that many people think that being an AI prompt engineer is a hard and creative job but this is not the truth. Being a prompt engineer is just like a person who can talk with other people efficiently. He also said that there is no doubt that prompt engineering is one of the top rising jobs in the AI industry but there are also some skills that are far more important than this one in 2024. Those skills are reading, writing, and speaking as these skills are going to give AI a hard time while competing with the human mind.

As the future is in the hands of AI or Artificial General Intelligence (AGI), skills like speaking with humans more effectively are going to be more in demand. Even though AGI has complex cognitive skills and problem-solving capabilities, human skills will still be used one way or another.

After Logan said all this on X, many users also replied to this post. One of the users posted that learning prompt engineering may also help people communicate with other people. He said that this way, people can learn conversation cues by giving prompts to AI chatbots. Some other users said that if a prompt engineer knows how to communicate with other people, he can easily communicate with an AI system too. Talking to chatbots to generate appropriate answers is a skill not every person can acquire.

A study published in November showed that if humans show emotions to ChatGPT while giving a prompt, they are more likely to get an accurate answer. If a person talks to ChatGPT in a polite and direct tone, this can also generate accurate output. In the end, people who have creativity, flexibility, and communication skills will be more in demand in the future as compared to people who only have technical knowledge. Now we will have to wait and see what 2024 will bring in the world of AI.

Photo: DIW-AIgen

Read next: A Study on AI Models Shows Their Ability to Understand Sarcastic and Ironic Tone in Language
by Arooj Ahmed via Digital Information World

The Politics of Hashtags - What the Latest Research Reveals About TikTok and Instagram

The Network Contagion Research Institute at Rutgers University recently dropped a report that sheds light on some intriguing disparities in how politically charged hashtags play out on TikTok versus Instagram. This deep dive into cyber threats on social media takes a closer look at hashtags like "Tiananmen," "HongKongProtest," and "FreeTibet," stacked against mainstream tags like "TaylorSwift" and "Trump."

To level the playing field, considering the differences in user base and platform longevity, researchers meticulously crunched the numbers on hashtag ratios across diverse political and pop-culture topics on both platforms. What's surprising is that TikTok seems to be sporting fewer politically charged hashtags, suggesting a potential alignment with the preferences of the Chinese government.

Pop-culture hashtags like "ArianaGrande" show up twice as often on Instagram compared to TikTok, and US political hashtags like "Trump" or "Biden" appear 2.6 times more on Instagram. But the real eye-opener is with hashtags like "FreeTibet," which is a whopping 50 times more common on Instagram. "FreeUyghurs" clocks in at 59 times more prevalent on Instagram, and "HongKongProtest" is a staggering 174 times more frequent on Instagram than TikTok.

The report's takeaway? TikTok's content promotion or suppression seems to be playing along with the tunes of the Chinese government's interests.

Images: NetworkContagion

TikTok is under the microscope of US politicians, who are closely scrutinizing how it handles political content. With its parent company, ByteDance, planted in China—a country flagged as a foreign adversary by US—concerns are mounting about potential information manipulation to serve political agendas. Attempts to ban the app have hit legal roadblocks, leaving TikTok squarely in the crossfire of geopolitical tensions.

Granted, the report has its limitations, with challenges in isolating hashtag analysis to post-TikTok launch periods. TikTok fires back at the findings, calling out flawed methodology and stressing that hashtags are user-generated, not dictated by the platform. They argue that the content in question is readily available, dismissing claims of suppression as baseless, and highlighting that one-third of TikTok videos don't even bother with hashtags.

Joel Finkelstein, co-founder at NCRI, acknowledges the data constraints but stands firm on the report's conclusions based on publicly available information. Despite the hurdles, the study provides valuable insights into the nuanced dynamics of hashtag usage across these two influential social media platforms.

When we look at how social media handles conflicts, it seems like platforms such as Facebook, Instagram, and even TikTok might be leaning towards supporting their own bottom lines. This raises concerns about whether these platforms prioritize free speech and unbiased information or if they have their own biases. It's not just about one platform; it's a broader issue highlighting that social media lacks consistent moral and ethical standards. Instead, these platforms often follow their own agendas, sometimes putting profit before sharing accurate information and promoting fair free speech. This raises important questions about the need for better regulations to ensure that social media platforms operate ethically and responsibly while navigating complex global issues.

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by Irfan Ahmad via Digital Information World

PRISMA's Cat and Mouse Game - Cracking Google's MultiLogin Mystery

CloudSEK, a cyber security firm, found a sneaky way hackers can mess with Google accounts, and it's a bit of a head-scratcher. This method lets them stay logged in, even after changing the password. Sounds wild, right?

For starters, Google uses a system called OAuth2 for keeping things secure. It's like a fancy bouncer at a club, making sure only the right people get in. But these hackers, led by someone calling themselves PRISMA, figured out a trick to keep the party going.

They found a secret spot in Google's system, a hidden door called "MultiLogin." It's a tool Google uses to sync accounts across different services. The hacker PRISMA exploited this door, creating a malware called Lumma Infostealer to do the dirty work.

Now, the clever part is, even if you change your passwords, these hackers can keep sipping on their virtual cocktails. The malware they created knows how to regenerate these secret codes, called cookies, that Google uses to verify who you are.

CloudSEK's researchers say this is a serious threat. The hackers aren't just sneaking in once—they're setting up camp. Even if you kick them out by changing your password, they still have a way back in. It's like changing the locks on your front door, but they somehow still have a secret master key.

Researchers tried reaching out to Google to spill the beans, but so far, it's been crickets. No word from the tech giant on how they plan to deal with this sneaky hack.

So, here we are, in a world where even resetting your password might not be enough to kick out the virtual party crashers. Stay tuned to see how Google responds to this unexpected security hiccup.

Read next: Researchers Suggest Innovative Methods To Enhance Security And Privacy For Apple’s AirTag
by Irfan Ahmad via Digital Information World

Unlocking Creativity and Problem-Solving: 34% of Users Leverage Free AI Tools, New Survey Finds

A report by Atomicwork shows the user frequency of artificial intelligence (AI) usage in its report, called “The State of AI in IT-2024”. The report indicates the percentage of people who use AI frequently in North America. According to the report, 75% of the people in North America said that they frequently use free AI for their work. 45% of the people said that they use free AI weekly for their work.

The respondents who were part of the survey were also asked what purposes they use the free AI tools for. 34% of them said that they use free AI tools to enhance their creativity and for problem-solving certain issues. 30% of them use these free AI tools for emails or editing already-written emails. There were also people (26%) who used free AI tools for content creation or editing the already written material. When asked these people if they had heard about ChatGPT and Bard, 74% said that they were familiar with ChatGPT but only 4% said that they had heard of Bard.

• Related: 52% of Survey Respondents Think AI Spreads Misinformation

When respondents were asked if they were okay if their company is using AI for work. A total of 52% said that they were okay with it. 21% are okay with AI usage at work because they say that AI is limited and cannot surpass the human brain. 18% said that they are okay because they are not using it precisely and strictly for work. 9% believe that they are not completely taking help from AI so it's okay. All of this data shows that most of the respondents, three-quarters to be exact, are Pro AI.

Then the survey also asked the respondents which type of work do they not want AI to do. 39% answered that they do not want AI to penetrate ethical and legal decisions. 36% do not want AI to filter in Customer Relationship Management. 33% of respondents do not want AI in People Management.

Read next: New Survey Shows More Than 50% Of Gen Z Adults Have Purchased From An Influencer Brand
by Arooj Ahmed via Digital Information World

New Survey Shows More Than 50% Of Gen Z Adults Have Purchased From An Influencer Brand

There was a time when influencers were solely looked upon as a leading name to voice a certain brand. But as proven by the latest statistics, that’s far from the truth.

Influencers are now growing so much in power that they can also impact a brand’s revenue, diversify their respective apps, and serve as solo media channels without any assistance.

The news comes from data arising from a recently published study by the Morning Consult. This displayed some key stats worth a mention. For instance, 53% of all Gen Z consumers in the US ended up buying products from a brand that was founded by an influencer. Meanwhile, the same was the case for millennials where the figures stood at 47%.

A whopping 2,200 Adults based in the US took part in this research during the start of November.

The study dived down deep to look at the popular influencers that continue to do so well in this domain. The products are aligned with the specific brand in question and they need to be as original as possible, experts mentioned.

But before they can reach such a powerful position, the influencers are required to have a huge reach that impacts the masses and the proper platform that they can refer to as one of their own.

• Related: A New Survey Shows that Consumers Don't Trust Social Media Apps when it Comes to Online Shopping

Today, the list for leading influencers among the teenage population in America this year were Alix Earle and world-famous YouTuber Mr. Beast. The latter is known for selling his own products while Earle is currently launching her own brand.

So what does this mean? Well, if you have your own brand or business, you might wish to consider working by the side of influencers for stocking and sales of their goods. And from these stats, it’s proof of how Gen Z trusts influencers so much that they’re ready to make purchases to this extent.

The results also proved how these individuals were a part of the group who spent close to four hours on average, each day, surfing online through social media. The stats showed no signs of a decline and it was evident how the dominating effect of social media influencers will carry on in the proceeding year too.

Read next: Study Shows that AI Won’t Impact Jobs by 2026, Here’s Why
by Dr. Hura Anwar via Digital Information World

Blocker users defiant: Workarounds thrive despite YouTube's clampdown

Back in May 2023, YouTube launched a new policy which was against users who were using ad blockers on YouTube. The reason for this policy was to ask users to either watch YouTube with ads or subscribe to ad-free YouTube by paying the subscription fee. The policy for anti-ad blockers was first applied to a few users but now YouTube has applied this to all the users worldwide. The users who were using ad blockers for trackers or privacy concerns are not happy with this policy.

An ad-blocking company, Adguard, said that YouTube and ad blockers never get along with each other. Users use ad blockers for YouTube ads because they don't want the ads to interrupt their streaming. On the other hand, YouTube earns a lot of revenue from these ads. A portion of this revenue is also obtained from users subscribing to get rid of ads.

YouTube isn't the only platform that has taken the step for ad blockers. But as YouTube is one of the biggest platforms with about 2.5 billion monthly users, its policy about anti-ad blockers is the only one that became viral. When the news about YouTube’s policy regarding anti-ad blockers spread, many users who were using ad blockers uninstalled them but some also used other measures to block YouTube’s software to stop ad blockers.

When YouTube started its anti-ad blockers policy in June and August, the usage of the Adguard Ad blocker extension for Chrome got 8% lower. But soon, the usage started increasing again after a month. Even with YouTube’s anti-ad block policy, users are still using ad blockers and several ad blockers are also working perfectly fine on YouTube. Despite this, users are having concerns about their privacy while using those ad blockers. Alexander Hanff, a privacy campaigner said that the script that YouTube is using for recognizing ad blockers is breaching users’ privacies. This is completely illegal and YouTube should stop using it.

Image: Adguard/Cybernews

Read next: Google Agrees To Settlement After Being Accused Of Wrongly Collecting User Data Through Chrome’s Incognito Mode
by Arooj Ahmed via Digital Information World