ChatGPT Developer to Incur Losses Exceeding Half a Billion Dollars in 2022

  • International
  • 8 May 2023
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OpenAI suffered losses of $540 million last year, coinciding with the company's development of the artificial intelligence tool ChatGPT. Although OpenAI has strengthened its financial position thanks to Microsoft's support and growing demand for its chatbot, it will increase cost pressures. Knowing that the costs borne by the startup rose in the months leading up to the release of ChatGPT.

OpenAI faced a complaint filed with the FTC at the end of March urging it to investigate the company and suspend its commercial publication of its versions, including the latest version of the popular ChatGPT tool. AI tools like ChatGPT are expensive given the computing power needed to develop them.

Source: (CNBC Arabic Website, Edited)

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