1 year, 7 months ago

ChatGPT-Creator OpenAI May Go Bankrupt By Next Year: Report

OpenAI, the artificial intelligence venture led by Sam Altman, is facing potential financial turbulence, according to an analysis presented by Analytics India Magazine. Comparing figures from June to July 2023, a reduction of 12 per cent in the user base was recorded, signifying a drop from 1.7 billion users to 1.5 billion users, as corroborated by SimilarWeb's data. Analytics India Magazine's report accentuates this trend, underscoring the presence of multiple open-source Language Model models that can be employed without licensing restrictions. However, OpenAI's projections of achieving an annual revenue of $200 million in 2023 and scaling to $1 billion in 2024 seem ambitious, given the escalating losses, as underscored by the report.

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