LARRUZFounder | Author & Creator of BYOAI

OpenAI Might Go Bankrupt by the End of 2024 #chatgpt

28 Aug 2023 · 1 min

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A short YouTube video (uploaded August 28, 2023 by LARRUZ) claims OpenAI faces severe financial pressure from the operational costs of ChatGPT. The speaker states ChatGPT costs $700,000 per day (over $250 million per year), that OpenAI relies on a $10 billion investment from Microsoft, and that site usage has dropped amid competition from open-source models. The video warns OpenAI could face bankruptcy by the end of 2024 if it does not secure additional funding or reduce costs/increase revenue.

Questions this video answers

$700,000 per day.

Over $250 million per year.

$10 billion.

By the end of 2024.

August 28, 2023.

Chapters

Recent reports suggest that OpenAI is facing potential financial difficulties due to the high cost of maintaining ChatGPT and other projects. According to these reports, ChatGPT alone costs $700,000 per day to run, which amounts to over $250 million per year. This is a huge financial strain for OpenAI, which relies on a $10 billion investment from Microsoft as its main source of funding. The Reports indicate that ChatGPT's website usage has dropped significant months, partly due to the competition from other open source language models. If the company does not secure additional funding or find other ways to reduce its costs or increase its income, it may face bankruptcy by the end of 2024.