Foreign Media: OpenAI is expected to lose 5 billion dollars this year
OpenAI is expected to incur massive losses this year, but with the company increasing the fees for ChatGPT, its revenue will continue to explode over the next five years. According to a document, the company expects its revenue in 2024 to reach $3.7 billion, with ChatGPT projected to generate $2.7 billion in revenue this year, of which $1 billion will come from other businesses. However, The New York Times reported that OpenAI is expected to lose $5 billion this year, excluding equity-based compensation. OpenAI's biggest cost is the computing power expenditure it obtains from its partner and largest investor Microsoft; OpenAI's products are hosted by Microsoft's cloud services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
