The new OpenAI technology, ChatGPT, is causing a stir due to the huge losses the company has experienced in its development.
The AI research company, co-founded by tech giants like Elon Musk and Sam Altman, reportedly lost nearly $540 million last year, according to a recent report from The Information.
The construction and operation of ChatGPT, which requires a large amount of processing power, is the main culprit behind these losses. According to Dylan Patel, a senior analyst at consulting firm SemiAnalysis, ChatGPT could cost OpenAI around $700,000 per day.
Despite these losses, ChatGPT has become the fastest-growing consumer application in history, with over 100 million monthly active users in just two months.
OpenAI’s experience in creating ChatGPT is a lesson for other companies looking to enter the AI market. It also highlights the importance of research in reducing energy and development costs in the future.
The need for processing power in AI is one of the biggest obstacles faced by companies. Google’s chatbot, Bard, costs 10 times more than a typical search due to processing costs.
Advanced AI technologies like ChatGPT have the potential to completely transform various markets, opening up new opportunities for both businesses and consumers.
As a result, the future of AI remains exciting and full of opportunities.
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