2 friends use ChatGPT and Rs 15,000 to build AI tool, sell it for Rs 1 crore

Despite selling DimeADozen, Salvatore Aiello and Monica Powers continue to remain advisors and have committed five hours each week to contribute to the company's growth. (Image credit: LinkedIn/Salvatore Aiello and LinkedIn/Monica Powers).

Two friends in the United States built an artificial intelligence (AI) tool using ChatGPT with an investment of Rs 15,000 ($185) and later sold the tool for Rs 1.2 crore ($150,000), a CNBC report said.

Salvatore Aiello and Monica Powers first met at a virtual startup founder meet event organised by Y Combinator- a startup accelerator firm- and after a while, decided to join hands to develop an AI tool named DimeADozen to help professionals test business ideas.

The idea to build the tool was proving right when in approximately seven months time, DimeADozen brought in a revenue of Rs 54.8 lakh ($66,000) for the duo. However, just when their business venture was prospering they found new owners, who offered them a sum of Rs 1.2 crore ($150,000) which was large enough for Aiello and Power to sell the tool.

The tool was brought by a couple- Felipe Arosemena, a software engineer and Danielle de Corneille, a product designer. But despite selling the tool to the couple, Aiello and Powers continue to play a role in its growth and essay the role of advisors. They have committed five hours each week to contribute to the growth of the tool and the former hoped that the efficiency of DimeADozen to complete a task would be noticed by industry bigwigs such as Salesforce in future.

What is DimeADozen and what does it do?

DimeADozen is an AI-powered tool that assists entrepreneurs to take their business ideas and convert them into detailed reports. DimeADozen assesses potential investors, consumers and competitors and then offers key insights swiftly and efficiently.