OpenAI, which developed ChatGPT, has launched a new online store that it says will help users customise their chatbots powered by the generative artificial intelligence platform and allow them to earn money.
The ChatGPT Store gives access to more than three million custom versions of GPTs, or generative pre-trained transformers, developed by OpenAI's partners and its community, the company said on Wednesday.
GPTs are models used by generative AI applications to create humanlike text and content, such as images, videos, music and more, and conversationally answer questions.
Microsoft-backed OpenAI began rolling out GPTs last November. The new store will operate similarly to the Apple App Store and Google Play, wherein users can browse for apps by category.
These categories include GPTs for writing, research, programming, education and lifestyle, as well as Dall-E, OpenAI's deep-learning text-to-image model used to generate images from natural language descriptions.
“The store features a diverse range of GPTs developed by our partners and the community … many builders have shared their GPTs for others to use,” OpenAI said.
OpenAI introduced ChatGPT Team, a smaller version of ChatGPT Enterprise, the company's first paid business tier that was launched in August.
ChatGPT Team is described as a customised, “always-improving super assistant”, that can “better code, craft emails, analyse data and anything else”.
The ChatGPT Store was to be launched in November. However, this was pushed to early 2024 after the company said that "unexpected things” had arisen.
Following the delay, OpenAI was engulfed in a corporate drama when Sam Altman, who had served as chief executive since 2019, was first fired and then reinstated. The initial situation led to an employee revolt and widespread threats of resignations unless Mr Altman returned.
OpenAI has also revealed a new “GPT builder revenue programme”, due to be started in the first quarter of 2024, through which developers can potentially earn from their work.
However, it is unclear how the revenue model will work.
“As a first step, US builders will be paid based on user engagement with their GPTs. We'll provide details on the criteria for payments as we get closer,” it said.
AI gained momentum – and jolted regulators – with the introduction of generative AI, which rose to prominence thanks to ChatGPT.
Its sudden rise has also raised questions about how data is used in AI models and how the law applies to the output of those models, such as a paragraph of text, a computer-generated image, or videos.
OpenAI stressed that it has established a review system, in addition to the existing safety measures built into its products.
It told users to “please review our latest usage policies and GPT brand guidelines to ensure your GPT is compliant … the review process includes both human and automated review”.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20flat%206-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20PDK%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E500hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh530%2C300%20as%20tested%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Greatest Royal Rumble match listing
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
Fighting with My Family
Director: Stephen Merchant
Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell
Four stars
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
