OpenAI, Home Of ChatGPT, May Lose $5B This Year – Report

The company, whose market value is estimated at $80 billion as of February, is likely to spend as much as $7 billion this year to train and operate its chatbot. That means more money needs to be raised, even as a path to profitability gets murkier, thanks to increasing competition. The OpenAI costs include renting server capacity from Microsoft that’s required to maintain ChatGPT, the report said. That accounts for about $4 billion.

Source: OpenAI, Home Of ChatGPT, May Lose $5B This Year – Report

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