OpenAI more than triples free API credits available to Australian startups
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The news: OpenAI has announced it will more than triple the value of API credits it is offering startups from USD15,000 ($21,171.65) to USD50,000 and will offer 10 complimentary ChatGPT business seats per company.
The numbers: Since the startups program was launched in December, OpenAI said it has provided more than $1.6 million in API credits.
The context: Using ChatGPT business gives startups access to the powerful Codex coding.
The initiative is part of OpenAI’s startups week during which the company is hosting several workshops and technical sessions with local venture capital firms and AI companies.
This includes Square Peg, Side Stage Ventures, Relevance AI and innovation hub Stone & Chalk.
The API credits for startups program was launched in December ahead of the official launch of the AI giant’s Sydney office.
OpenAI says it has been working closely with local companies like Lorikeet AI and Relevance AI to help them adopt its frontier models.
What they said: “With companies like Canva and Heidi Health, Australia is home to one of the most dynamic startup ecosystems in the world. Having a local team on the ground means we can work directly with founders and developers to ensure they have access to the latest AI capabilities,” OpenAI VC partnerships lead for APAC Thomas Jeng said.
“We’re excited to see how this expanded program helps Australian startups accelerate not only the products they’re building, but also how their teams develop new AI skills and workflows.”
The source: OpenAI media release
