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Beware: OpenAI is going after the global attention economy

Mint Mumbai

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January 19, 2024

Bots based on its AI model will make money by engaging people

Beware: OpenAI is going after the global attention economy

OpenAI is expanding beyond nifty products like ChatGPT and has announced that it is following through with its pledge to distribute Al's benefits to all of humanity. Just kidding! It's actually launched a 'store' to monetize its language model technology and share that wealth with other businesses. And it's using an incentive structure that has a history of unpleasant side effects on, yes, humanity. The 'GPT Store' is available to OpenAI's enterprise customers and anyone who pays $20 a month to use ChatGPT Plus, offering a selection of specialized versions of the tool for research, education, design, etc, that are created by third-party developers. Think of them like apps you can talk to. For instance, I asked AllTrails GPT to recommend running routes and it gave me a list of ideas with links to maps. Coloring Book Hero generated pictures of copyrighted characters for my kids to scribble over and Books GPT churned out a list of wilderness survival novels after I told it that I'd re-watched The Revenant.

OpenAI says developers have already created more than 3 million of these GPTs, which led The Atlantic to point out that this was Ch oftware engineers to create apps for the site in 2007. But OpenAI's store is similar to Facebook in a more disturbing way too: It has an engagement-based revenue structure.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Bank-funded acquisitions won't displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Air India lobbies to use airspace over China's Xinjiang

India-China flights resumed after a five-year hiatus.

time to read

1 mins

November 20, 2025

Mint Mumbai

Nitish Kumar to take oath as Bihar CM

JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

Mint Mumbai

Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

November 20, 2025

Mint Mumbai

PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

November 20, 2025

Mint Mumbai

Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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