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OpenAI's CEO Sam Altman revealed that the company is currently losing money on its $200-per-month ChatGPT Pro plan due to higher-than-expected usage. The plan, launched last year, provides access to an upgraded AI model and removes rate limits on various tools. Despite raising around $20 billion since its inception, OpenAI is not yet profitable, projecting significant losses against its revenue.
The financial strain is attributed to high operational costs, including staffing and infrastructure, with ChatGPT costing the company an estimated $700,000 daily. To improve its financial situation, OpenAI is considering raising subscription prices and aims for a revenue target of $100 billion by 2029. This ambitious goal aligns with the annual sales figures of major corporations like Nestlé.
• OpenAI's ChatGPT Pro plan is losing money due to unexpected high usage.
• The company plans to restructure and potentially raise subscription prices.
ChatGPT Pro is a subscription service providing enhanced access to OpenAI's AI tools.
An AI model refers to the underlying algorithms that power AI functionalities, such as reasoning.
Corporate restructuring involves reorganizing a company's structure to improve financial performance.
OpenAI is a leading AI research organization focused on developing advanced AI technologies and applications.
Nestlé is a multinational food and beverage company, referenced for its significant annual sales figures.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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