OpenAI Doubles Losses to $540 Million Due To Rising ChatGPT Costs

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OpenAI, the AI research business behind language models like ChatGPT and Dall-E 2, increased its losses to $540 million in 2022 as a result of rising ChatGPT maintenance costs.

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The company's goal is to create artificial general intelligence (AGI), and is now expecting to raise upto $100 billion in the upcoming years.

Image source: Canva

OpenAI's losses are also a result of the high cost of hiring qualified personnel, particularly recruiting Google engineers and research specialists.

Image source: Canva



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