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Published Nov 10, 2023

OpenAI's DevDay, reinventing the REIT and good actors in crypto

Kirsten Korosec delves into May Mobility's urban transportation innovations, WeWork's bankruptcy impact on real estate, OpenAI's pivotal developer event announcements, and Klarna's strategic IPO preparations.
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  • Event Highlights

    OpenAI's first developer event showcased the rapid growth and widespread adoption of ChatGPT. highlighted that more than 100 million people use ChatGPT weekly, and over 2 million developers are building solutions through its API 1. Additionally, OpenAI plans to launch a GPT store, allowing users to publish and monetize their own GPTs, similar to the app store model 2.

    The definition of a platform is one in which more value is generated for partners than the core platform through extensions.

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    This move positions OpenAI as a significant player in the AI platform space.

       

    Startup Impact

    The rapid advancements from OpenAI's event have significant implications for AI startups. noted that startups relying on OpenAI's technology are vulnerable to being outpaced or rendered obsolete by new features from OpenAI itself 3. This phenomenon mirrors the early days of the app store, where initial apps were quickly overshadowed by built-in features 3.

    OpenAI just killed our startup. It all went down the drain, we got nothing left.

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    Despite these challenges, the AI sector continues to boom, contrasting with the struggles seen in other tech areas 1.

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