Massive cost growth in ChatGPT; possible bankruptcy of OpenAI in 2024!

Media Credits : Hindustan Times

OpenAI Company!

The AI Company OpenAI, run by Sam Altman, may be on the verge of going bankrupt. The corporation might file for bankruptcy by the end of 2024.

Media Credits : Hindustan Times


After its November 2022 launch, ChatGPT is the app with the highest growth rate in history. After seeing a record-breaking surge initially, the firm is now witnessing a slow fall in customer engagement over many months.

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Investment in OpenAI!

OpenAI may now be kept afloat by Microsoft's $10 billion investment in the firm.While OpenAI hopes to achieve $1 billion in revenue by 2024, its $200 million yearly revenue projection for 2023 needs to be revised, given how rapidly it is losing money.

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Revenue of ChatGPT!

OpenAI costs about $700,000 daily to run just one of its AI services. Despite efforts to monetize GPT-3.5 and GPT-4, the business needs to make more money to break even.

Media Credits : Firstpost

Back to profit!

The generative AI chatbot saw 1.9 billion user visits in May of this year, a record high, but just 1.7 billion in June and only 1.5 billion in July, according to data from the ChatGPT website and SimilarWeb.

Media Credits : Yahoo Sports

Prohibiting ChatGPT!

Most businesses forbid workers from utilizing generative AI chatbots for business purposes. Still, they let them utilize the API to use the big language mode in other processes. A key reason for this is ChatGPT.

Media Credits : Yahoo Sports

Gradual use of ChatGPT!

ChatGPT's user base had decreased even further by the end of July. In July 2023, the number of users fell by 12% from June to July, from 1.7 billion people to 1.5 billion users.

Media Credits : Taipei Times

OpenAI is not profitable!

Since it began creating ChatGPT, OpenAI has lost $540 million, proving it is not lucrative. OpenAI anticipated generating $200 million yearly income in 2023 and $1 billion in 2024.

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