“Sam Altman”, the CEO of OpenAI, announced that the company is currently losing money on the ChatGPT Pro subscription plan, which costs $200 per month; Because people use the capabilities of this service more than the company expects.
In a series of posts on X, the CEO of OpenAI wrote: “Incredible fact: we are losing money on Pro Subscriptions right now. “People are using this service much more than we expected.” “I personally chose this price ($200) and thought we were going to make some money,” he also explained in a reply to the user.
OpenAI’s financial challenges and strategies for the future
The recently introduced ChatGPT Pro subscription removes access to the enhanced version of the o1 AI model and restrictions on interaction with some of the company’s other tools, including the AI video maker “Sora”. Despite raising around $20 billion since its founding, OpenAI is still not profitable. Last year, the company had predicted a loss of about 5 billion dollars with an income of 3.7 billion dollars.
Costs such as employee wages, office rent, and artificial intelligence training infrastructure are responsible for these losses. Estimates show that ChatGPT cost OpenAI $700,000 per day.
OpenAI recently admitted that it needs “more capital than it thought” to attract new funding. The company is planning to change its organizational structure in order to attract new investors. It is said that OpenAI is considering increasing the price of its various subscriptions in order to achieve profitability. The company expects its revenue to reach $100 billion by 2029, which is equivalent to the annual sales of Nestlé.
The future of OpenAI; Forecasting growth and new investments
Despite current losses, OpenAI hopes to become profitable with faster growth in the near future. This company is planning to attract new funds and restructure its organizational structure in order to increase productivity and reduce costs. In this regard, the possibility of increasing subscription prices and creating new service packages has also been raised.
While OpenAI predicts that its annual revenue will reach $100 billion by 2029, the company knows that it needs to continue to develop and improve its AI models to reach this goal. In addition, entering new markets and using new technologies can help OpenAI strengthen its position in the competition with large technology companies, such as Microsoft and Google.
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