{"id":1660,"date":"2023-10-21T11:46:27","date_gmt":"2023-10-21T18:46:27","guid":{"rendered":"https:\/\/freshily.co.in\/?p=1660"},"modified":"2023-10-24T02:18:45","modified_gmt":"2023-10-24T09:18:45","slug":"chat-gpt-open-ai-may-go-bankrupt-by-2024","status":"publish","type":"post","link":"https:\/\/freshily.co.in\/?p=1660","title":{"rendered":"Chat GPT: Open AI may go Bankrupt by 2024"},"content":{"rendered":"<p><span><\/span><\/p>\n<h1>OpenAI\u2019s ChatGPT became the fastest-growing app in history after its launch in November 2022. Since its launch, it created both excitement and alarm to replace human in jobs. Now a report by Analytics India Magazine has stated that the company might go bankrupt by the end of 2024.<\/h1>\n<\/p>\n<h1><\/h1>\n<p><span>It almost costs OpenAI about $700,000 every day to run just one of its AI services \u2013 ChatGPT. As a result, Sam Altman\u2019s OpenAI is burning through cash at the moment. Furthermore, despite their attempt to monetise GPT-3.5 and GPT-4, OpenAI is not generating enough revenue to break even at this point. This is leading to an alarming situation.<\/span><span>Although OpenAI and ChatGPT initially experienced a robust launch with a record-breaking influx of users during their early stages, they have observed a gradual decline in user engagement over recent months. According to SimilarWeb data, July 2023 witnessed a 12 per cent reduction in the user base compared to June, plummeting from 1.7 billion users to 1.5 billion users. Notably, this data exclusively pertains to users visiting the ChatGPT website and does not factor in users employing OpenAI\u2019s APIs.<\/span><span>Earlier in May, the company\u2019s losses doubled to $540 million since it started developing the AI chatbot. Moreover, for 2023, the company has projected an annual revenue of $200 million and expects to reach $1 billion in 2024.<\/span><br \/><span>While giants like Google and Meta are often considered OpenAI\u2019s primary competitors, Elon Musk and his xAI project also warrant attention. Musk, who has long been engaged with AI, particularly due to his involvement with Tesla, has made significant strides in the AI realm since the viral success of ChatGPT.<\/span><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8382791007081380\" crossorigin=\"anonymous\"><\/script><br \/><ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-8382791007081380\" data-ad-slot=\"9671552481\"><\/ins><br \/><script><br \/>     (adsbygoogle = window.adsbygoogle || []).push({});<br \/><\/script><br \/><span>Elon Musk publicly declared his intention to develop a rival chatbot named \u201cTruthGPT,\u201d which aims to mitigate biases and hallucinatory tendencies attributed to OpenAI\u2019s ChatGPT. Furthermore, it was reported that Musk invested over $10 million in over 10,000 NVIDIA GPUs for his AI initiative, in addition to substantial expenditures on human resources and data centre operations to facilitate the training of xAI\u2019s algorithms.<\/span><\/p>\n<p>freshily.co.in<\/p>\n<p><img decoding=\"async\" class=\"wp-image-1646 alignnone size-full\" src=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png\" width=\"604\" height=\"604\" srcset=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-66x66.png 66w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-96x96.png 96w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-150x150.png 150w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-200x200.png 200w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-300x300.png 300w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-400x400.png 400w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692-600x600.png 600w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png 604w\" sizes=\"(max-width: 604px) 100vw, 604px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-1654 size-full\" src=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720.jpg\" width=\"640\" height=\"853\" srcset=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720-150x200.jpg 150w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720-200x267.jpg 200w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720-225x300.jpg 225w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720-400x533.jpg 400w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720-450x600.jpg 450w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720-600x800.jpg 600w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/cropped-hq720.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p><img decoding=\"async\" class=\"wp-image-1645 alignnone size-full\" src=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions.webp\" width=\"1200\" height=\"899\" srcset=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-150x112.webp 150w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-200x150.webp 200w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-300x225.webp 300w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-400x300.webp 400w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-600x450.webp 600w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-768x575.webp 768w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-800x599.webp 800w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions-1024x767.webp 1024w, https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/whats-chat-gpt-4-everything-you-should-know-about-ai-that-not-only-answers-but-questions.webp 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI\u2019s ChatGPT became the fastest-growing app in history after its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"two_page_speed":{"previous_score":{"status":"error_no_score"}},"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[40,41],"tags":[724,725,726],"class_list":["post-1660","post","type-post","status-publish","format-standard","hentry","category-articles","category-blogs","tag-chat-gpt","tag-chat-gpt-2024","tag-trouble-to-chat-gpt-open-ai-may-go-bankrupt-by-2024"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chat GPT: Open AI may go Bankrupt by 2024 - freshily.co.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freshily.co.in\/?p=1660\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chat GPT: Open AI may go Bankrupt by 2024 - freshily.co.in\" \/>\n<meta property=\"og:description\" content=\"OpenAI\u2019s ChatGPT became the fastest-growing app in history after its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freshily.co.in\/?p=1660\" \/>\n<meta property=\"og:site_name\" content=\"freshily.co.in\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-21T18:46:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-24T09:18:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png\" \/>\n<meta name=\"author\" content=\"kshiva.tivari@gmail.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chat GPT: Open AI may go Bankrupt by 2024 - freshily.co.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/freshily.co.in\/?p=1660","og_locale":"en_US","og_type":"article","og_title":"Chat GPT: Open AI may go Bankrupt by 2024 - freshily.co.in","og_description":"OpenAI\u2019s ChatGPT became the fastest-growing app in history after its [&hellip;]","og_url":"https:\/\/freshily.co.in\/?p=1660","og_site_name":"freshily.co.in","article_published_time":"2023-10-21T18:46:27+00:00","article_modified_time":"2023-10-24T09:18:45+00:00","og_image":[{"url":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png","type":"","width":"","height":""}],"author":"kshiva.tivari@gmail.com","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/freshily.co.in\/?p=1660#article","isPartOf":{"@id":"https:\/\/freshily.co.in\/?p=1660"},"author":{"name":"kshiva.tivari@gmail.com","@id":"https:\/\/freshily.co.in\/#\/schema\/person\/a54454a6db80bb96bd7f064612855904"},"headline":"Chat GPT: Open AI may go Bankrupt by 2024","datePublished":"2023-10-21T18:46:27+00:00","dateModified":"2023-10-24T09:18:45+00:00","mainEntityOfPage":{"@id":"https:\/\/freshily.co.in\/?p=1660"},"wordCount":340,"commentCount":0,"publisher":{"@id":"https:\/\/freshily.co.in\/#\/schema\/person\/6b441c40c17c0c9bf2ef2442d89c46c9"},"image":{"@id":"https:\/\/freshily.co.in\/?p=1660#primaryimage"},"thumbnailUrl":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png","keywords":["chat gpt","chat gpt 2024","Trouble to Chat GPT: Open AI may go Bankrupt by 2024"],"articleSection":["ARTICLES","BLOGS"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/freshily.co.in\/?p=1660#respond"]}]},{"@type":"WebPage","@id":"https:\/\/freshily.co.in\/?p=1660","url":"https:\/\/freshily.co.in\/?p=1660","name":"Chat GPT: Open AI may go Bankrupt by 2024 - freshily.co.in","isPartOf":{"@id":"https:\/\/freshily.co.in\/#website"},"primaryImageOfPage":{"@id":"https:\/\/freshily.co.in\/?p=1660#primaryimage"},"image":{"@id":"https:\/\/freshily.co.in\/?p=1660#primaryimage"},"thumbnailUrl":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png","datePublished":"2023-10-21T18:46:27+00:00","dateModified":"2023-10-24T09:18:45+00:00","breadcrumb":{"@id":"https:\/\/freshily.co.in\/?p=1660#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/freshily.co.in\/?p=1660"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/freshily.co.in\/?p=1660#primaryimage","url":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png","contentUrl":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/10\/1673275827692.png","width":604,"height":604,"caption":"https:\/\/freshily.co.in\/"},{"@type":"BreadcrumbList","@id":"https:\/\/freshily.co.in\/?p=1660#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/freshily.co.in\/"},{"@type":"ListItem","position":2,"name":"Chat GPT: Open AI may go Bankrupt by 2024"}]},{"@type":"WebSite","@id":"https:\/\/freshily.co.in\/#website","url":"https:\/\/freshily.co.in\/","name":"freshily.co.in","description":"","publisher":{"@id":"https:\/\/freshily.co.in\/#\/schema\/person\/6b441c40c17c0c9bf2ef2442d89c46c9"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/freshily.co.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/freshily.co.in\/#\/schema\/person\/6b441c40c17c0c9bf2ef2442d89c46c9","name":"ananat tripathi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/freshily.co.in\/#\/schema\/person\/image\/","url":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/03\/cropped-logo.png","contentUrl":"https:\/\/freshily.co.in\/wp-content\/uploads\/2023\/03\/cropped-logo.png","width":96,"height":96,"caption":"ananat tripathi"},"logo":{"@id":"https:\/\/freshily.co.in\/#\/schema\/person\/image\/"},"sameAs":["http:\/\/ananatus.com"]},{"@type":"Person","@id":"https:\/\/freshily.co.in\/#\/schema\/person\/a54454a6db80bb96bd7f064612855904","name":"kshiva.tivari@gmail.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/freshily.co.in\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6d0e4c5cd9d003cb971d82287bd725d75ffe8f3d338207dd59b442ff4618c85c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6d0e4c5cd9d003cb971d82287bd725d75ffe8f3d338207dd59b442ff4618c85c?s=96&d=mm&r=g","caption":"kshiva.tivari@gmail.com"},"sameAs":["http:\/\/freshily.co.in"],"url":"https:\/\/freshily.co.in\/?author=1"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/freshily.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freshily.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freshily.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freshily.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freshily.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1660"}],"version-history":[{"count":3,"href":"https:\/\/freshily.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1660\/revisions"}],"predecessor-version":[{"id":1689,"href":"https:\/\/freshily.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1660\/revisions\/1689"}],"wp:attachment":[{"href":"https:\/\/freshily.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freshily.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freshily.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}