Analytics India Magazine, an independent Indian media outlet focusing on technology topics such as big data and artificial intelligenceReports allege, OpenAI may go bankrupt as early as the end of 2024 because it currently does not have enough revenue to support its daily operating expenses of up to US$70.
Last year, OpenAI had accumulated losses of $5.4 million. Although Microsoft announced this year that it would invest another $100 billion in OpenAI and establish a deeper partnership, based on OpenAI's current operating expenses including large natural language models such as GPT-3.5 and GPT-4, the funds may soon run out.
Even though OpenAI has launched a number of paid services, it is clearly still unable to achieve a balance between expenses and revenue, and its operations are mainly maintained through initial investment. According to OpenAI CEO Sam Altman, he hopes to achieve a $1000 billion fundraising plan in the next few years to promote the development of a wider range of general artificial intelligence technologies.
Previously, OpenAI's market capitalization had grown to around US$270 billion to US$290 billion. Investors in OpenAI included not only Microsoft but also venture capital firms such as Tiger Global, Sequoia Capital, a16z (Andreessen Horowitz), Thrive, and K2 Global, including Founders Fund, a fund co-founded by PayPal co-founder Peter Thiel.
