"OpenAI might have to soon declare bankruptcy, as per a report by Analytics India Magazine."
Hmm I find it hard to imagine people would let the company that developed the world's best large language model go away. But let's see what they say.
"Apparently, it costs OpenAI about $700,000 every day to run just one of its AI services -- ChatGPT." "OpenAI's attempt to monetise GPT-3.5 and GPT-4, OpenAI is not generating enough revenue to break even at this point."
"The problem [...] is that there are several open-source LLM models that are free to use and are allowed to be repurposed, without any licensing issues." "Why would someone choose OpenAI's paid, proprietary, and restricted version, over the more adaptable and free-to-use LLaMA 2, especially given its potential superiority in specific scenarios?"
"OpenAI has been on the lookout for new and better ways to monetise its GPT-4 LLMs. However, it hasn't achieved profitability. Its losses reached $540 million since the development of ChatGPT."
OpenAI got a $10 billion investment from Microsoft. $540 million is about half of the first billion. Is it really a problem? Seems to me like OpenAI can't be near bankruptcy any time soon.
ChatGPT In Trouble: OpenAI may go bankrupt by 2024, AI bot costs company $700,000 every day
