OpenAI Launches GPT Store Amidst Anticipation, but Revenue-Sharing for Third-Party Creators Delayed

The makers of ChatGPT have finally rolled out their GPT Store and it’s been a highly talked about initiative for quite some time now.

But before you get too excited, we’d like to tell you that if you’re a third-party creator for GPT then you’ll have to wait a tad bit more if you wish to be financially compensated for customized GPT products. This has to do with the fact that the revenue-sharing portion does not begin rolling in anytime soon. Some expect that it will arise after the start of the first quarter of 2024.

The news might be a little disappointing in terms of how many may have had high hopes attached to it because a store that does not allow you to make money from the start is clearly lacking right.

For those who are still wondering what this store is all about and why the leading AI firm developed one in the first place, please read on.

The store first came into the public eye last year in November when tech giant OpenAI shed light on the matter through the DevDay gathering which was done in person.

All kinds of third-party stakeholders were invited who were known for creating a leading number of products and services, alongside the organization’s own famous AI models and APIs like GPT 3.5 as well as GPT 4.

Ever since that day, the hype surrounding this endeavor has been going down well and so many experts in the industry also mentioned how it could actually be a grand affair, as big as that seen with iPhone maker Apple’s launch that arose years ago. That again was massive and for all of Apple’s products but it did get backlash when the Cupertino firm spoke about taking a massive 15 to 30% share of profits in the name of commission.

Currently, we’re hearing more about how this GPT Store is designed in a more limited manner than what was seen in the past. The organization’s revenue-sharing initiative currently remains to be a hazy affair.

To fully comprehend what is going on with this GPT Builder, another feature linked to the ChatGPT tool was announced and it was given access right after the conference ended. Since then, all subscribers for ChatGPT Plus have been busy with this offering.

Dubbed GPT Builder, this is designed to enable the chatbot to type in interfaces to create their own personal GPT. So in essence, this truly is a feature that can be envisioned as a more customized variant of the tool that aligns with the users’ interests and only caters to a narrow range of tasks.

For instance, you can analyze posts or prototype products quickly. Similarly, you can produce GIFs instantly and work on bettering engagement.

Now the question on many people’s minds is who would really want a more customized variant of this offering? The answer might surprise you because quite a few people do. So far, creators have already hit the 3 million customized GPT variant mark and there are more to come.

When you create your own customized variants, you’re saying hello to a more personalized experience. You can execute commands at the speed of light and it’s amazing how so much can be done with less effort and in less time.

This innovative idea linked to the GPT Builder seems to be very enticing and also goes about playing to the great advantages that most LLMs make use of. The best bit is, that no software is needed for the sake of training, which has been under scrutiny from the likes of the Apple App Store and the Google Play Store as the GPT Builder handles this.

The least amount of raw resources required include good online connectivity, ChatGPT Plus or an Enterprise Subscription, and of course your keyboard too. The rest would be handled by the GPT Builder.

Now those still wondering why the GPT store exists can understand how before this was invented, we saw individuals make use of GPT designed by other users. Only if creators shared links through direct means or posted those online, users could use the GPT produced by some other individual. So in essence, no centralized location was present to explore GPTs arising from third parties which was a drawback.