OpenAI has been a hot topic of conversation since the launch of ChatGPT in November 2022. The platform is useful to everyone as well as posing a threat to replace human jobs.
However, according to a new report by the Indian Analytics Journal, OpenAI could go bankrupt by the end of 2024.
The report said: “If OpenAI doesn’t get more funding soon, the company may have to file for bankruptcy by the end of 2024 to buy more NVIDIA GPUs coming in Q2 of this year and start training their models.”
The report cites several factors contributing to ChatGPT’s financial problems. The main reason is due to the decrease in the number of ChatGPT users. The report mentions that July 2023 saw a 12% drop in the number of users.
Source: Analytics India Magazine
Another major factor that can cause a company to go bankrupt is the losses the company is facing. According to the report, the company suffered a loss of $540 million. The report mentions: “In May, their loss doubled to $540 million since the start of ChatGPT development.”
ChatGPT has yet to generate enough revenue to cover costs. The company has adopted several monetization strategies but has yet to succeed in generating significant income.
The report also mentions that the continued growth of the open source Large Language Model (LLM) has allowed people to develop their own products instead of paying and using a product with limitations like ChatGPT. .
The company is currently continuing to grow thanks to a Microsoft investment and product monetization strategies such as GPT-4 and DALL-E2, but it is uncertain how long these strategies will last.
In conclusion, it is important to note that the Analytics India Journal report is only an analysis of the situation. Chances are OpenAI will be able to turn the tide and make ChatGPT profitable.
Categories: Optical Illusion
Source: pagasa.edu.vn