Estimated reading time: 2 minutes
Its current product is ChatGPT and the company is said to be informing its investors that it intends to make users pay $22 monthly after December. The company also aims at a very forceful doubling of the monthly tariffs over five years to $44.
According to the paper in The New York Times, revenue this August has been $300 million, and the company aims for the sale of at least $3.7 billion by the year-end. Day-to-day expenses for instance; wages, rent and other overheads put the company in a $5 billion loss this year’s end.
Also Read
OpenAI is said to be in the process of delivering the documents that the NYT wrote about to cause a new fundraising campaign to help mitigate or avoid a funding deficit from happening. Thankfully, OpenAI is currently trying to attract investments at a $150 billion valuation and the next funding round might involve $7 billion.
The latter is also said to be in the process of morphing from a non-profit to a for-profit organisation. Stretching More the space created by the business model for unlimited returns to investors means they will have more bargaining power for new investors at better and probably higher rates.
