Reported 8 days ago
OpenAI, the creator of ChatGPT, is transitioning from a non-profit to a for-profit model but is projected to incur $5 billion in losses this year despite generating significant revenue. While its revenue surged to $300 million per month in August, the company's future profitability remains uncertain as it seeks to raise substantial new capital and experiences internal turnover among its executives. Investors are becoming more cautious amidst growing skepticism about the broader AI market following a tumultuous period of hype.
Source: YAHOO