OpenAI has become the talk of the town since the release of ChatGPT in November 2022. This platform has been useful for people and has also posed a threat of human job substitution.
However, according to a new report from Analytics India magazine, OpenAI could go bankrupt by the end of 2024.
The report says: “If OpenAI doesn’t get more funding soon, the company may have to file for bankruptcy at the end of 2024 to acquire more NVIDIA GPUs arriving in the second quarter of the year and start training their models.”
The report cites a number of factors that are contributing to ChatGPT’s financial problems. The main reason is the decrease in ChatGPT users. The report mentions that in July 2023 there was a 12% decrease in users.
Source: Analytics India Magazine
Another important factor that could lead the company to bankruptcy is the losses it faces. According to the report, the company suffered losses of $540 million. The report mentions: “In May, its losses doubled to $540 million since it began developing ChatGPT.”
ChatGPT still does not generate enough revenue to cover its costs. The company has a number of monetization strategies, but they have not yet managed to generate significant revenue.
The report also mentions that the constant development of open source Large Language Models (LLMs) has allowed people to develop their own products instead of paying for and using a restricted product like ChatGPT.
The company is currently staying afloat thanks to investment from Microsoft and its strategies to monetize products like GPT-4 and DALL-E2, but he isn’t sure how long these strategies will work.
To conclude, it is important to note that the Analytics India magazine report is just an analysis of the situation. It’s possible that OpenAI could turn things around and make ChatGPT profitable.
Categories: Optical Illusion
Source: ptivs2.edu.vn