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OpenAI's massive operating costs could push it close to bankruptcy within 12 months | The ChatGPT maker could lose $5 billion this year
ChatGPT reached 100 million users in February 2023, just a few months after its official launch in November. That made it the fastest growing app of all...
In brief: OpenAI, the firm that launched the generative AI revolution with the release of ChatGPT, burns through billions of dollars per year on its technology and staffing costs. The chatbot's proliferation into popular culture – as illustrated by the South Park episode – not to mention Microsoft's $13 billion investment into OpenAI suggests Sam Altman's company is financially stable. The hype around generative AI doesn't seem to be slowing down, despite inherent issues around its inability to bring returns on investments, hallucinations, and the need for more data centers due to its massive power consumption.
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