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OpenAI Projects $5 Billion Loss Amid Surging ChatGPT Revenue and Upcoming Fee Increases
OpenAI expects a significant loss of $5 billion in 2024, despite skyrocketing ChatGPT revenue and planned fee increases. Documents reveal the AI startup anticipates tripling its income by 2025, with users facing
OpenAI projects its revenue to increase to $11.6 billion next year
But it expects to lose roughly $5 billion this year after paying for costs related to running its services and other expenses like employee salaries and office rent
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.
OpenAI Suffers $5 Billion Annual Loss On $3.7 Billion In Revenue: Reports
The nonprofit artificial intelligence developer that created ChatGPT expects to lose about $5 billion this year as it seeks $7 billion in new funding to turn its core business into a for-profit corporation.
OpenAI expects about $5 billion in losses this year, report says
OpenAI expects roughly $5 billion in losses this year, according to reports from The New York Times and CNBC. The company, which owns ChatGPT, had $3.7 billion in revenue this year and expects to increase revenue to over $11 billion next year,
7h
on MSN
OpenAI funding and restructuring plans renew pressure on AI’s top startup
The ChatGPT maker is raising funding that would value the company at $150 billion but also dealing with executive exits and ...
15h
on MSN
OpenAI’s Complex Path to Becoming a For-Profit Company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
Opinion
4h
Opinion
OpenAI Is Shattering Big Tech's Promises of a Better World
The belief is so prevalent that it was mocked on HBO’s “Silicon Valley,” in a montage of startup founders all promising to ...
1d
OpenAI Is Growing Fast and Burning Through Piles of Money
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ...
1d
OpenAI was a research lab — now it’s just another tech company
OpenAI may soon become a for-profit company with fewer checks and balances than before — the exact structure it was built to ...
1d
OpenAI offers one investor a sweetener that no others are getting
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener ...
Texarkana Gazette
14h
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
Futurism on MSN
1d
Authors Suing OpenAI Will Get to See Its Secret Training Data in Heavily Locked Down Room
Secure Facilities Authors suing OpenAI for copyright infringement are going to get unprecedented access to its training data ...
2d
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
2d
OpenAI’s $6.5B funding round may close as soon as next week
The WSJ reports that OpenAI's next funding round, worth around $6.5 billion, could close as soon as the first week in October ...
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