ChatGPT Pro losing money amid surge in usage: Sam Altman

January 7, 2025

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Artificial Intelligence

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OpenAI CEO Sam Altman said the company is ‘losing money’, adding that people were using it “much more than we expected.”

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“insane thing: we are currently losing money on openai pro subscriptions! people use it much more than we expected,” he posted on X.

ChatGPT Pro, launched in late 2022, offers premium features such as enhanced capabilities, access to OpenAI’s o1 “reasoning” model, and higher usage limits for tools like the Sora video generator. Despite these benefits, the subscription plan fails to generate sufficient revenue to cover its costs.

In the comments section, Altman added that he “personally chose the price and thought we would make some money.”

Microsoft-backed OpenAI, which has raised an estimated $20 billion since its founding, is still not profitable. In 2023, the company reportedly faced losses of around $5 billion, even as it earned $3.7 billion in revenue. The Altman-led company is in the process of restructuring its corporate model as it transitions into a for-profit entity.

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ChatGPT Pro losing money amid surge in usage: Sam Altman

January 7, 2025

, By admin

Artificial Intelligence

OpenAI CEO Sam Altman said the company is ‘losing money’, adding that people were using it “much more than we expected.”

ET Year-end Special Reads

“insane thing: we are currently losing money on openai pro subscriptions! people use it much more than we expected,” he posted on X.

ChatGPT Pro, launched in late 2022, offers premium features such as enhanced capabilities, access to OpenAI’s o1 “reasoning” model, and higher usage limits for tools like the Sora video generator. Despite these benefits, the subscription plan fails to generate sufficient revenue to cover its costs.

In the comments section, Altman added that he “personally chose the price and thought we would make some money.”

Microsoft-backed OpenAI, which has raised an estimated $20 billion since its founding, is still not profitable. In 2023, the company reportedly faced losses of around $5 billion, even as it earned $3.7 billion in revenue. The Altman-led company is in the process of restructuring its corporate model as it transitions into a for-profit entity.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Vehant Technologies raises $9 million from True North through NCDs, plans IPO by 2026

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Under the initiative, CoinSwitch will offer rewards and recovery options to new users switching over from WazirX

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