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OpenAI sees roughly $5 billion loss this year
OpenAI expects about $5 billion in losses this year, report says
OpenAI expects roughly $5 billion in losses this year, according to reports from The New York Times and CNBC. The company, which owns ChatGPT, had $3.7 billion in revenue this year and expects to increase revenue to over $11 billion next year,
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.
OpenAI Suffers $5 Billion Annual Loss On $3.7 Billion In Revenue: Reports
The nonprofit artificial intelligence developer that created ChatGPT expects to lose about $5 billion this year as it seeks $7 billion in new funding to turn its core business into a for-profit corporation.
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.
OpenAI, Apple
OpenAI offers one investor a sweetener that no others are getting
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest another $1 billion next year at the same valuation if the AI firm hits a revenue goal,
Apple No Longer in Talks to Join OpenAI Investment Round
Apple is no longer in talks to participate in an OpenAI funding round expected to raise as much as $6.5 billion, an 11th hour end to what would have been a rare investment by the iPhone maker in another major Silicon Valley company.
Apple reportedly backs out of OpenAI funding round
In a short-lived will-they-won't-they love story to rival the likes of Heathcliff and Catherine, Apple is reportedly no longer in talks with ChatGPT creator OpenAI for investing in its latest fundraising round.
OpenAI, Sam Altman
Sam Altman denies OpenAI equity stake rumored to be $10 billion windfall
Sam Altman’s wealth could soar to $10 billion if he receives an OpenAI equity stake. Kamala Harris' Chances Surge in Major Election Forecast NFL News: Bills QB Josh Allen loses two key teammates ahead game vs Lamar Jackson's Ravens Chappell Roan pulls out of festival after backlash over election remarks 37 Sheet Pan Desserts That Will Feed A Crowd US lawmakers are forcing a vote on a bill that would eliminate Social Security rules for Americans who also receive pension income — do they stand a chance?
OpenAI’s Sam Altman calls report of 7% equity stake ‘ludicrous’
OpenAI CEO Sam Altman flatly denied that he will receive a huge equity stake in the startup worth billions of dollars as part of a corporate restructuring, according to multiple reports. Altman, 39, responded hours after a Bloomberg report on Thursday claimed OpenAI’s board was discussing giving him a 7% stake as part of the pioneering AI company’s pivot to a for-profit entity.
Sam Altman told OpenAI employees he doesn't expect a 'giant equity stake'
As OpenAI considers a for-profit structure, chief executive Sam Altman has reportedly told employees he doesn’t plan to get a “giant equity stake” in the company.
2h
on MSN
OpenAI’s Complex Path to Becoming a For-Profit Company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
The Tech Report
1h
3 OpenAI Executives, Including CTO Mira Murti, Depart as Company Goes for-profit
Three more top executives including CTO Mira Maruti, Chief Research Officer Bob McGrew, and Vice President of Research Barret ...
Observer
13h
OpenAI’s Leadership Exodus: 9 Key Execs Who Left the A.I. Giant This Year
Kosic left last year to join Elon Musk ’s xAI. Several other outgoing OpenAI employees have taken similar routes and gone on ...
Texarkana Gazette
2h
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
Futurism on MSN
14h
Authors Suing OpenAI Will Get to See Its Secret Training Data in Heavily Locked Down Room
Secure Facilities Authors suing OpenAI for copyright infringement are going to get unprecedented access to its training data ...
1d
OpenAI Is Growing Fast and Burning Through Piles of Money
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ...
1d
OpenAI might raise the price of ChatGPT to $44 by 2029
OpenAI is considering raising the price of its AI-powered chatbot, ChatGPT, significantly — to $22 by 2025 and $44 by 2029.
1d
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
1d
OpenAI might raise the price of ChatGPT to $22 by 2025, $44 by 2029
ChatGPT could get more expensive to use in coming years. The New York Times, citing internal OpenAI docs, reports that OpenAI ...
Impacts
1h
Apple Pulls Out Of The OpenAI Financing Round Negotiations
Apple has withdrawn from consideration to take part in an OpenAI funding round that is anticipated to generate roughly $6.5 ...
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