OpenAI Faces Financial Struggles with ChatGPT Pro Amid High Costs

OpenAI Faces Financial Struggles with ChatGPT Pro Amid High Costs
OpenAI CEO Sam Altman announced that the company is currently losing money on its $200-per-month ChatGPT Pro plan due to higher-than-expected usage. Despite raising around $20 billion since its inception, OpenAI is not yet profitable. Last year's projected losses were around $5 billion against a revenue of $3.7 billion, largely attributed to significant operational expenses. To counteract these losses, OpenAI is exploring potential price increases for its subscription services, aiming for a revenue target of $100 billion by 2029.