OpenAI lost 2.5 billion BRL in 2022 to develop ChatGPT

The creation of ChatGPT by OpenAI certainly wasn’t cheap, as many had already imagined. According to a new report published by Information, company had a loss of approximately US$540 million (approx. R$2.67 billion) in 2022This illustrates the high cost involved in the development of artificial intelligence technology.

Building and maintaining ChatGPT required a huge investment in critical computing power to generate responses for users. Dylan Patel, principal analyst at consulting firm SemiAnalysis, said ChatGPT could cost up to $700,000 per day.

Although OpenAI receives a multi-billion dollar investment from Microsoft, the increasing demand for the chatbot will further increase the cost pressure. ChatGPT has become the fastest growing consumer app in history, with 100 million monthly active users in just two months, surpassing tools like Instagram and TikTok for example.

The future of AI

OpenAI CEO Sam Altman has suggested that the company will be “the most capital-intensive venture in Silicon Valley history.” He also said the company could raise around $100 billion over the next few years to develop a product called Artificial General Intelligence (AGI) that would be as powerful as the human brain.

While the cost of developing ChatGPT is high, the AI ​​company’s revenue prospects are also important. A Reuters He predicts OpenAI’s revenue will grow significantly in 2023, reaching $200 million before increasing to $1 billion in 2024.

As a result, creating ChatGPT required a high cost, but OpenAI expects the chatbot to generate substantial revenue in the future. The company also continues to invest in more advanced artificial intelligence technologies such as the aforementioned AGI that could have an even greater impact on its revenue in the future.