OpenAI CEO Sam Altman says company is losing money on ChatGPT Pro project – Microsoft (NASDAQ: MSFT)

on Sunday, Microsoft Corporation Microsoft Corporation supported Open artificial intelligence CEO Sam Altman It was revealed that the company is currently losing money on its $200 per month ChatGPT Pro plan.

Although the program was designed to generate revenue, it did not generate the profits OpenAI expected. Altman shared his thoughts on the issue in a series of posts on

“We are currently losing money on OpenAI Pro subscriptions! People are using it a lot more than we expected,” he said.

Open artificial intelligence ChatGPT Pro was launched late last year to provide users with an upgraded experience. The new plan provides unlimited access to all OpenAI models, including the advanced “o1” inference model.

Internal testing showed a 34% reduction in critical bugs for difficult issues compared to the preview version.

According to TechCrunch, despite its promising capabilities, OpenAI has raised $20 billion in funding since its inception but has yet to achieve profitability. In October, the company received more than $6.5 billion in new financing, valuing it at $157 billion.

The latest financing is said to be one of the largest private investments ever Space Exploration Technologies Corporation and TikTok parents Byte bounce.

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Notably, the company plans to transition from nonprofit board control to a new structure, paving the way for a future initial public offering (IPO).

However, billionaire and OpenAI co-founder Musk has filed for an injunction to halt the transition, accusing OpenAI of straying from its original mission.

In 2023, the company expects revenue of $3.7 billion and a loss of about $5 billion. High operating expenses, including approximately US$700,000 per day to support the ChatGPT platform, have led to financial difficulties.

In response to these losses, OpenAI is exploring monetization strategies. One potential solution is to increase the price of subscription tiers.

In December, OpenAI said it planned to reach 1 billion users by 2025, driven by new artificial intelligence products, infrastructure and partnerships with artificial intelligence. apple inc. AAPL.

Additionally, Sam Altman shared his thoughts on the company’s ongoing efforts to build artificial general intelligence (AGI) and its ultimate goal of superintelligence in a blog post.

“With superintelligence, we can do just about anything else. Superintelligent tools could dramatically accelerate scientific discovery and innovation well beyond our own capabilities, thereby vastly increasing richness and prosperity.”

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