After Jio and Airtel, ChatGPT usage to become expensive as OpenAI plans pricing revision

After Jio and Airtel, ChatGPT usage to become expensive as OpenAI plans pricing revision

OpenAI's ChatGPT popularised the use of generative AI amongst users globally. The platform is free for individuals who use it for general purposes such as assistance with writing, problem-solving, and more. It also offers paid subscriptions ranging from USD 20 (Rs 1670 approximately) to USD 30 (Rs 2500 approximately) per month. The paid plans offer access to different language models such as GPT-4o, and GPT-4o mini, and tools such as DALL-E, data analysis, and more. However, users who use the paid tier of the platform will have to shell out more as OpenAI is planning to charge users USD 22 (Rs 1841 approximately) a month to use ChatGPT by the end of the year. 

The company is reportedly telling its investors about this charge in the pricing. The company has also planned to eventually increase this pricing up to USD 44 per month. OpenAI is reportedly sharing information about the prices to potential investors to raise money and improve their financial situation. They are looking to attract new investors and might be able to bring in as much as USD 7 billion through a new round of investments, which would raise their value to USD 150 billion.

The documents indicate that OpenAI generated USD 300 million in revenue this August and anticipates reaching USD 3.7 billion in sales by the end of the year. However, various expenses such as salaries, rent, and operational costs are projected to result in a USD 5 billion loss for the company this year.

OpenAI is also reportedly in the process of transitioning from a non-profit to a for-profit company. This new business model would potentially remove any restrictions on investor returns, allowing the company more flexibility to negotiate with new investors at potentially higher rates.

Tags:

About The Author

Aryan Age Picture

Welcome to Aryan Age, an English newspaper that has been serving readers since 2011 from Delhi. With a loyal circulation of over 19,000, we are dedicated to providing our readers with the latest news and information, as well as insightful analysis and commentary that help them navigate the complex and rapidly changing world.

Related Posts

Post Comment

Comment List

Latest News

31st National Childrens Science Congress concludes 31st National Childrens Science Congress concludes
The closing ceremony of the 31st National Children's Science Congress was held with gaiety, enthusiasm and energy at Ravindra Bhavan...
Youth Power will Develop Progressive India : Sports Minister Shri Sarang
Chief Minister Dr. Yadav expressed grief over the martyrdom of soldiers

Live Cricket Score

Advertisement

Science & Tech

Apple’s Siri gets smarter, iPhone 16 gets exclusive AI features in iOS 18.2 Apple’s Siri gets smarter, iPhone 16 gets exclusive AI features in iOS 18.2
Apple has again delighted the iPhone users all across the world with the release of the iOS 18.2 update, which...
OpenAI unveils Video Interaction features for ChatGPT users

Health

Blood clotting in veins increases by 100 per cent due to pollution, know prevention tips from expert Blood clotting in veins increases by 100 per cent due to pollution, know prevention tips from expert
These days people of Delhi-NCR are facing a triple attack. First the extreme cold, and on top of that the...
Sore throat has become a severe problem in winter season, include THESE foods in your diet to get rid of it

Lifestyle

From Sarojini to Atta: Hop on to THESE markets of Delhi NCR for Christmas shopping From Sarojini to Atta: Hop on to THESE markets of Delhi NCR for Christmas shopping
Christmas is about to come. In such a situation, many people are planning to go to a party. At the...
Muhammad Becomes the Most Popular Baby Name for Boys in England and Wales