ChatGPT is owned by OpenAI, and it was developed as a successor to the GPT models. Indeed, ChatGPT leverages the GPT underlying models (more precisely, the first version of ChatGTP leverages GPT 3.5 series) and a model called InstructGPT. OpenAI is a former research lab turned into a capped, for-profit organization led by the OpenAI’s foundation and a few more investors.
Read Next: History of OpenAI, AI Business Models, AI Economy.
OpenAI is the organization behind ChatGPT.

Started as a research lab in 2015-16, OpenAI transitioned into a “capped” for-profit organization.
The OpenAI LP is in charge of leading monetization efforts of the products that come out from the research lab, while the non-profit leads the board of the LP organization, thus acting as GP.
Among the major partners of OpenAI, there is Microsoft, which put $1 billion in 2019 into an exclusive commercial agreement with OpenAI. This investment was further rolled out in 2022-23, with Microsoft investing a few more billion into this partnership.

While OpenAI can independently release its own products and thus also monetize ChatGPT.
On the other hand, the exclusive commercial agreement with Microsoft gives the latest a chance to integrate OpenAI’s technology within its products quickly.
Thus, launching enhanced versions of its products. Examples comprise the GitGub Co-Pilot (a coding assistant), Bing AI Search, OpenAI APIs integrations within Microsoft Azure, and other integrations within Microsoft’s core products.
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