Bloomberg Technology

OpenAI and Anthropic at Money 20/20, Apple's Announcements

Oct 28, 2024
Sarah Friar, CFO of OpenAI, shares insights on the company's financial strategies and highlights the need for balancing costs with AI innovation. Daniela Amodei, President of Anthropic, discusses their focus on enterprise customers and the imperatives of AI safety. Bloomberg reporters dive into Russia's acquisition of NVIDIA chips through India and Apple’s new advancements like the AI-powered M4 iMac. Analysts tackle Volkswagen's cost-reduction strategies amid challenges for European automakers and explore the implications for the app market with Bending Spoons' acquisition activities.
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ANECDOTE

OpenAI in Finance

  • Morgan Stanley uses OpenAI's models in wealth management for advisor productivity and client advice.
  • Klarna uses it for customer service, demonstrating productivity gains.
INSIGHT

OpenAI's Pricing Strategy

  • OpenAI's pricing strategy focuses on value provided to users.
  • A lawyer estimated OpenAI's tool saved him $1,000-$2,000 per hour, highlighting its value.
ADVICE

Future Business Models

  • Stay open to different business models, including ad-supported tiers.
  • Consider where ads make sense; they fit well in commerce but not in areas where quick answers are needed.
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