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