A syllabus for investors mentions the increase in interest rates as OpenAI continues its search for further finance.
It has been claimed that OpenAI is informing investors that it intends to charge $22 per month for the use of ChatGPT by the latter part of the year. It is also the intention of the corporation to aggressively raise the monthly price over the course of the following five years, all the way up to $44.
Based on the records that were obtained by The New York Times, it is evident that OpenAI generated income of $300 million during the month of August, and the company anticipates generating revenues of $3.7 billion by the end of the year. It is anticipated that the corporation will incur a loss of $5 billion this year due to a variety of charges, including rent, payroll, and operational costs.
The records that were reported on by the New York Times are reportedly being distributed by OpenAI as part of an effort to recruit new investors in order to avert or reduce the company’s financial shortfall. Thank goodness, OpenAI is currently in the process of raising capital on a valuation of $150 billion, and a new round of financing has the potential to bring in as much as $7 billion.
It is also rumored that OpenAI is in the process of transitioning from a nonprofit organization to a for-profit business. Due to the fact that the business model permits the elimination of any restrictions placed on the returns that investors receive, they will have more room to bargain for new investors at increased interest rates.