OpenAI Lost $540M In 2022, Needs $100B To Develop Artificial Generative Intelligence
Is the free version of ChatGPT coming to an end?
OpenAI, the company responsible for ChatGPT, reported a staggering loss of $540 million in 2022, generating only $28 million in revenue as development expenses for ChatGPT skyrocketed, according to sources.
The Information originally reported on this on May 4, 2023, and a major percentage of these losses can be attributed to the outrageous expenses of training language models. The expense of employing engineers to further its AI progress is another consideration.
According to insiders, OpenAI CEO Sam Altman privately expects the company to need another $100 billion to reach its aim of generating artificial general intelligence (AGI).
As the AI arms race heats up, OpenAI’s prices will certainly increase in 2023, resulting in an even bigger loss.
Despite the overwhelming success of ChatGPT, OpenAI plans to invest more capital than ever in cloud computing for powering its language models and training new versions.
Furthermore, data costs are set to soar as platforms like Reddit and StackOverflow have introduced policies that charge AI firms for access to their previously free data sets.
