New Delhi: Losses of Microsoft-backed OpenAI, the developer behind the highly successful AI chatbot ChatGPT, reportedly swelled to nearly $540 million last year and are only likely to keep growing. Reportedly, OpenAI’s losses doubled as it developed ChatGPT and hired key staff from Google.
“The previously unreported figure reflects the enormous cost of training its machine-learning models during the period prior to selling access to chatbots,” the report said. ,Also Read: Google I/O Event 2023: Top 5 Expected Launches,
OpenAI launched a new subscription plan, ChatGPT Plus, in February this year, which is available for $20 per month. ,ALSO READ: Top 8 Countries With Highest Inflation,
However, the report noted that even as revenue grows, OpenAI’s losses are likely to continue to grow as “more customers use its artificial intelligence technology and the company trains future versions of the software”.
Sam Altman, the CEO of OpenAI, “has privately suggested that OpenAI may seek to reach $100 billion in the coming years to achieve its goal of developing artificial general intelligence (AGI) that will enhance its capabilities”. advanced enough to improve”.
Twitter CEO and early investor in OpenAI Elon Musk tweeted late Saturday: “That’s what he (Altman) told me”. Musk, who has criticized OpenAI several times, last month created a new company called X.AI that will promote AI in the ChatGPT era.
It was Musk who initially invested $100 million in OpenAI, but later exited the company. In recent months, ChatGPT and GPT-4 have become popular around the world.
According to reports, OpenAI recently closed a share sale of over $300 million at a valuation between $27-$29 billion.