{"id":1229,"date":"2024-09-29T02:45:06","date_gmt":"2024-09-29T02:45:06","guid":{"rendered":"http:\/\/filipzajac.me\/?p=1229"},"modified":"2024-09-30T03:09:43","modified_gmt":"2024-09-30T03:09:43","slug":"openai-expects-about-5-billion-in-losses-this-year-report-says","status":"publish","type":"post","link":"http:\/\/filipzajac.me\/index.php\/2024\/09\/29\/openai-expects-about-5-billion-in-losses-this-year-report-says\/","title":{"rendered":"OpenAI expects about $5 billion in losses this year, report says"},"content":{"rendered":"<p>OpenAI expects roughly $5 billion in losses this year, according to reports from <a href=\"https:\/\/www.nytimes.com\/2024\/09\/27\/technology\/openai-chatgpt-investors-funding.html\">The New York Times<\/a> and <a href=\"https:\/\/www.cnbc.com\/2024\/09\/27\/openai-sees-5-billion-loss-this-year-on-3point7-billion-in-revenue.html\">CNBC<\/a>.\u00a0<\/p>\n<p>The company, which owns ChatGPT, had $3.7 billion in revenue this year and expects to increase revenue to over $11 billion next year, The Times initially reported.\u00a0<\/p>\n<p>The losses, according to The Times, relate to general expenses such as salaries and office rent as well as operational costs.<\/p>\n<p>This week, news broke that<a href=\"https:\/\/thehill.com\/policy\/technology\/4901443-openai-executives-departure-restructuring\/\"> several top executives departed the firm<\/a> amid reports it seeks to restructure as a for-profit business. Sam Altman, the company\u2019s founder, described the departures as amicable.<\/p>\n<p>\u201cI am extremely grateful to all of them for their contributions,\u201d Altman added.\u00a0<\/p>\n<p>As part of the restructuring, OpenAI would become a public benefit corporation \u2013 no longer controlled by a nonprofit board, <a href=\"https:\/\/thehill.com\/newsletters\/technology\/4902377-openai-undergoes-major-shakeup\/\">The Hill<\/a> reported.\u00a0<\/p>\n<p>According to The Times, the company is expected to raise the price of a paid version of ChatGPT by $2 before the end of year.<\/p>\n<p>The Hill reached out to OpenAI for comment about these reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI expects roughly $5 billion in losses this year, according to reports from The New York Times and CNBC.\u00a0 The company, which owns ChatGPT, had $3.7 billion in revenue this year and expects to increase revenue to over $11 billion next year, The Times initially reported.\u00a0 The losses, according to The Times, relate to general [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/posts\/1229"}],"collection":[{"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/comments?post=1229"}],"version-history":[{"count":1,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/posts\/1229\/revisions"}],"predecessor-version":[{"id":1230,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/posts\/1229\/revisions\/1230"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/media\/1231"}],"wp:attachment":[{"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/media?parent=1229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/categories?post=1229"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/filipzajac.me\/index.php\/wp-json\/wp\/v2\/tags?post=1229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}