ChatGPT, the artificial intelligence (AI) chatbot from OpenAI is reportedly getting more expensive for paid users. According to a new report, the AI ​​firm is planning to increase the subscription price for ChatGPT Plus users by $2 (roughly Rs. 167) per month. The price hike is not expected to stop there either, as the company is said to push the monthly subscription cost to $44 (roughly Rs. 3,685) over the next five years. The push for a higher ticket price is attributed to OpenAI’s revenue ambitions and high operating costs.

Chat GPT subscriptions to be reportedly more expensive

According to According to the New York Times, the AI ​​firm is planning to increase the subscription price to $2 by the end of 2024. Citing financial documents seen by the publication, the report added that the final price of the Chat GPT Plus subscription could be $44. By the end of 2029, a huge increase from the current $20 a month in the US or Rs. 1,950 per month in India.

Along with the price hike, the company is reportedly looking to hit $100 billion (roughly Rs. 8.3 lakh crore) in revenue by 2029, most of which is expected to come from its subscription-based services. If the AI ​​firm succeeds in achieving this goal, it will generate annual revenue growth similar to that of Reliance Industries, Nestlé, or Comcast. According to the report, OpenAI currently has around 10 million ChatGPT Plus users.

Documents reviewed by the publication that were meant for investors and OpenAI reportedly highlighted that it is currently making “billions” from ChatGPT, and expects that number to grow significantly in the coming years. is Notably, the company is in the process of closing a funding round.

Despite the big numbers projected in its revenue estimates, the company is reportedly struggling to improve its operational costs. OpenAI is said to lose about $5 billion (roughly Rs. 41.8 thousand crore) this year, most of which goes to its AI-powered services. Other important cost centers include employee salaries and office rent.

Another major source of expenses is reportedly cloud computing for which the company uses Microsoft services. Despite raking in $13 billion (roughly Rs. 1.08 lakh crore) annually due to partnerships, the AI ​​firm spends most of that money on running cloud processing.