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OpenAI sees $5 billion loss in 2024 and soaring sales
Microsoft-backed OpenAI projects $5B loss on $3.7B sales this year
Microsoft (NASDAQ:MSFT)-backed generative AI company OpenAI expects to lose roughly $5B this year despite generating about $3.7B in sales as the firm behind ChatGPT grapples with rising costs. The financials,
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.
OpenAI Suffers $5 Billion Annual Loss On $3.7 Billion In Revenue: Reports
The nonprofit artificial intelligence developer that created ChatGPT expects to lose about $5 billion this year as it seeks $7 billion in new funding to turn its core business into a for-profit corporation.
Apple, OpenAI
Apple Withdraws from OpenAI Investment Talks Ahead of $6.5 Billion Funding Round: WSJ Reports
Apple has reportedly pulled out of negotiations to join OpenAIs $6.5 billion funding round, according to The Wall Street Journal. The decision leaves Microsoft and Nvidia as potential key investors in OpenAI,
Apple not investing in OpenAI after all, new report says
Apple is no longer planning to invest in OpenAI, according to a new report from The Wall Street Journal. This comes as OpenAI plans to close a $6.5 billion funding round next week, with investments possible from both Microsoft and Nvidia.
Apple drops out of talks to join OpenAI investment round, WSJ reports
Other firms, such as Microsoft and Nvidia, have also been in talks to participate, the report said, adding that Microsoft was expected to invest about $1 billion after having already poured $13 billion into the company.
15m
OpenAI’s complex path to becoming a for-profit company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
EconoTimes
4h
OpenAI Projects $5 Billion Loss Amid Surging ChatGPT Revenue and Upcoming Fee Increases
OpenAI expects a significant loss of $5 billion in 2024, despite skyrocketing ChatGPT revenue and planned fee increases.
7h
ChatGPT subscription cost could potentially double in a few years; OpenAI raising $7 billion
According to a report from The New York Times, OpenAI is planning on gradually increasing the price of ChatGPT+ ...
3d
on MSN
How OpenAI’s Plan to Become ‘For Profit’ Could Help It Raise Money From Apple, Microsoft, Nvidia
OpenAI intends to become a for-profit public-benefit corporation, The Wall Street Journal reported, citing people with ...
2d
on MSN
OpenAI’s Sam Altman calls report of 7% equity stake ‘ludicrous’
The OpenAI boss reportedly added that investors were pushing for him to receive equity to ensure his interests remain aligned ...
1d
on MSN
Tim Cook-Led Apple Reportedly Abandons OpenAI Funding Round Discussions, But Nvidia And Microsoft Could Still Invest In ChatGPT-Parent
Apple has reportedly withdrawn from last-minute negotiations to invest in OpenAI's $6.5 billion funding round, which is still ...
2d
OpenAI Is Growing Fast and Burning Through Piles of Money
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ...
2d
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
21h
OpenAI Predicts $11.6 Billion Revenue Next Year and Investment Opportunities
OpenAI, the leading AI company known for its products like ChatGPT, is predicting a remarkable revenue growth trajectory in ...
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