OpenAI Plans To Increase ChatGPT Subscription Fees

According to PANews, OpenAI is set to raise the monthly subscription fee for ChatGPT to $22 by the end of this year, with a gradual increase to $44 over the next five years. Investor materials reveal that OpenAI's revenue in August 2023 was $300 million, with projections to reach $3.7 billion by the end of the year. However, due to expenses such as salaries, rent, and operational costs, the company is expected to incur a loss of $5 billion this year. To address the financial shortfall, OpenAI is seeking new investments at a valuation of $150 billion, potentially raising up to $7 billion. Additionally, OpenAI is transitioning from a non-profit organization to a for-profit entity to remove investment return caps and attract more substantial investors.