ChatGPT may go bankrupt by the end of next year: Report – Times of India

NEW DELHI: OpenAI, creator of ChatGPT, might go bankrupt by the end of the year 2024, according to a report by Analytics India Magazine, which observed a user decline on the website from May, 2023.

Microsoft-backed artificial intelligence research startup OpenAI started the AI race in December 2022. The chatbot developed by the company became popular in a short while and caught the eyes of regulators across the world. When ChatGPT arrived, it was the talk of the town. So much so that ChatGPT became synonymous with the most generative AI-related tech.
ChatGPT reportedly costs $700,000 per day to operate. All of this is going through Microsoft and other recent investors’ pockets, which might eventually empty them if it does not get profitable soon, the report said.

Even though OpenAI expects to reach $1 billion in 2024, it is Microsoft’s $10 billion investment that is keeping the company afloat.
OpenAI’s shift to a paid version, however, would have helped the company make profit along with the revenue coming from APIs and using the GPT-4 based chatbot.