OpenAI Bankruptcy: Earnings are low, the company making ChatGPT is on the verge of bankruptcy

ChatGPT Maker Bankruptcy: The amount OpenAI is spending everyday on maintaining ChatGPT, it is not able to earn even a part of it after monetizing it...

A different kind of problem has come with ChatGPT, which has revolutionized the world of Artificial Intelligence. OpenAI, the company that created this conversational AI, is in danger of bankruptcy. According to a report, the company's earnings are modest, while its daily expenses run into crores.

Every day the company spends so much

In a report of Analytics India Magazine, there is a danger of bankruptcy in front of Sam Altman's company OpenAI. According to the report, OpenAI is not able to earn even a part of the amount that ChatGPT is spending just to maintain it. The company has to spend 7 lakh dollars i.e. about 5.80 crore rupees everyday on the maintenance of ChatGPT.

Unable to meet the cost of maintenance

OpenAI has made every effort to make money from ChatGPT. The company is running a subscription to its Conversational AI. Even after monetizing ChatGPT 3.5 and ChatGPT 4, OpenAI is not able to earn money as much as it has to spend everyday only on maintenance.

Didn't last the initial hype

ChatGPT is the most talked about product this year. After the arrival of ChatGPT, it happened that it made headlines all over the world and became the center of discussions. Recently it happened that ChatGPT and AI took place in the center of all the debates. This hype also helped ChatGPT to add users initially, which increased its earnings, but this hype did not prove to be sustainable. During the last few months, the users of ChatGPT decreased rapidly.

ChatGPT users are decreasing

According to data from SimilarWeb, the number of ChatGPT users declined by 12 percent in July 2023. ChatGPT's user base was 1.7 billion in June 2023, which came down to 1.5 billion in July. This figure includes all users who are visiting ChatGPT's website. The basic sources of earning of OpenAI are the users who are using the API of OpenAI. Their number is very less in comparison to the total users.

Loss due to

The biggest difficulty of ChatGPT and OpenAI is that there are many conversational AIs available in the present time, with the help of which the work of the users is being done, but for them the users do not need to take a subscription. ChatGPT has suffered a huge loss from Google Bard, whose user interface is also being said to be easy.

Resources are running out fast

With no earnings compared to expenses, the financial resources available with OpenAI are fast depleting. According to the analysis of Analytics India, if this trend continues then OpenAI will be bankrupt by the end of 2024.