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OpenAI could go bankrupt in 2024 because of ChatGPT, experts say; understand

A possibility that OpenAI will face financial difficulties in 2024 due to ChatGPT was highlighted in a review conducted by Analytics India Magazine.

According to the analysis, the chatbot developed by Sam Altman's company would be generating a daily cost of US$ 700,000, equivalent to approximately R$ 3.4 million in direct conversion, for its maintenance.

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However, so far, the platform's monetization attempts have not been enough to balance the company's finances. Furthermore, the report announced that ChatGPT is not profitable.

ChatGPT does not provide the required feedback

While ChatGPT was a pioneer in gaining recognition as a artificial intelligence chatbot (AI), evidence suggests that it has yet to achieve what OpenAI expected, as indicated in the report.

Part of the responsibility for this financial discrepancy is attributed to the availability of artificial intelligence APIs.

These interfaces allow developers to build their own solutions using OpenAI's bot framework, without necessarily sharing a portion of their profits with OpenAI.

The so-called “cannibalization” of products has also resulted in a reduction in traffic directed to the product itself. ChatGPT.

Data provided by the SimilarWeb traffic analysis company point to a progressive decrease in the number of visits to the site since the month of May.

(Image: publicity)

In the competitive landscape of the AI ​​industry, OpenAI finds itself in a different position than giants such as Google and Meta.

The latter have a solid and well-established foundation, which gives them an advantage structure that dispenses with the need to adopt aggressive monetization strategies for its AI chatbots.

It is important to note that OpenAI currently operates as a privately held company and receives investments from several companies, including Microsoft.

Due to this nature, the disclosure of detailed financial data is not a mandatory requirement, the which turns all analyzes about its financial balance into speculations and interpretations of the Marketplace.

However, if this loss prediction actually materializes, OpenAI may start charging for ChatGPT services in addition to the already conventional paid version of the AI. Such a move would likely irritate users, triggering a stampede for other chatbots such as Google's recently launched Bard.

At Trezeme Digital, we understand the importance of effective communication. We know every word matters, so we strive to deliver content that is relevant, engaging, and personalized to meet your needs.

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