The AI industry is booming. When will it actually make money?
- May 5
- 1 min read
NEW YORKER — What’s the potential size of the market for A.I. products? And who will profit from it?
Apoorv Agrawal, a venture capitalist at Altimeter Capital, said that Alphabet, through its Chrome browser, Android operating system, and YouTube video-sharing service, reaches about four billion people worldwide and generates, mainly through advertising, revenues of about a hundred dollars per user per year.
Meta, through Facebook, Instagram, Messenger, and WhatsApp, reaches about 3.5 billion people, and generates about seventy dollars per user per year, Agrawal estimates. OpenAI recently said that it has more than nine hundred million weekly active users, but, according to Agrawal’s calculations, ChatGPT only yields about ten dollars per user per year.
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