> So, what exactly has generative AI actually done? Where are the products?
The product is ChatGPT, actually.
If LLMs are a bubble, then you should expect most of OpenAI's revenue to come from its API (which is used by startups which have raised money to do "magic AI stuff", and the bubble would pop when investors would stop giving the money). But according to https://futuresearch.ai/openai-revenue-report, revenue from the API accounts only for 15%, the other 85% being the different subscriptions offers, including 55% of ChatGTP Plus subscriptions -- that is, _direct consumers_.
This doesn't prove that it isn't a bubble (the consumers could realize it's useless and then leave some time later), but it makes it less likely IMO.
What a clown analysis. Sorry, that is not worth the bits it is written in. OpenAI is a privately owned company and does not publish its financials. The sources your link brags about are pathetic beyond belief,
> This report draws on a variety of sources, including those not easily found by search engines, e.g.:
> * Personal anecdotes of pricing info from sales calls
> * A blog that used DNS records to infer which Fortune 500 companies pay for ChatGPT Enterprise
> * Transcripts of OpenAI exec interviews
> Just as important are the data points FutureSearch rejected when they didn’t corroborate more trustworthy sources. The core assumption made here is the $3.4 billion in ARR that Bloomberg and TheInformation reported Sam Altman said in a staff meeting.
The product is ChatGPT, actually.
If LLMs are a bubble, then you should expect most of OpenAI's revenue to come from its API (which is used by startups which have raised money to do "magic AI stuff", and the bubble would pop when investors would stop giving the money). But according to https://futuresearch.ai/openai-revenue-report, revenue from the API accounts only for 15%, the other 85% being the different subscriptions offers, including 55% of ChatGTP Plus subscriptions -- that is, _direct consumers_.
This doesn't prove that it isn't a bubble (the consumers could realize it's useless and then leave some time later), but it makes it less likely IMO.