OpenAI Plans To More Than Double ChatGPT Price Over Next 5 Years: Report
Portfolio Pulse from Rounak Jain
OpenAI plans to increase ChatGPT's price by 10% this year and more than double it over the next five years. Despite a revenue surge, OpenAI anticipates a $5 billion loss this year. The company is in talks for a $7 billion funding round, valuing it at $150 billion.
September 28, 2024 | 5:48 am
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Microsoft-backed OpenAI plans to increase ChatGPT prices, potentially impacting Microsoft's investment. OpenAI's revenue surge and anticipated losses may influence Microsoft's strategic decisions.
Microsoft is a significant backer of OpenAI, and changes in OpenAI's pricing and financial performance could affect Microsoft's investment value. However, the direct impact on Microsoft's stock price is uncertain, given the broader scope of Microsoft's business.
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