Ask any walking stranger on the street to list five tech companies that they think are the most successful at this time, and Open AI will surely make the list. So yes, the title may seem absurd, but don’t worry, by the end of this article, you’ll understand everything. Let’s start with a little trip down memory lane. Not that far, just a little less than a year ago when Open AI’s masterpiece chatGPT burst onto the scene on November 30th, 2022, to be exact, and how it ignited a wildfire of excitement and raised eyebrows in equal measure.
Since then, this remarkable AI marvel has woven itself into the fabric of our lives, redefining how we interact with technology to the point that it is hard to even remember how life used to be without an AI ready to help us at all times, irrespective of what the problem is. From composing intricate symphonies to crafting heartwarming poetry, chatGPT is a digital Picasso of creativity. It is a phenomenon that has captured hearts and minds around the globe.
But have you thought about how much it costs to run the chat bot that we use on a daily basis? Probably not. Well, here’s something most of you don’t already know. Running this digital genius comes at a jaw-dropping cost of seven hundred thousand dollars a day. That’s right, running chatGPT in a year costs more than the budget of certain blockbuster movies. Think about renting out an entire theme park every single day. That’s the scale of financial commitment Open AI faces.
But is cost the only reason that may lead to the end of chatGPT? Open AI wishes that were the case. The user base of chatGPT has begun to resemble a fading sunset, with a staggering drop from 1.9 billion users in May to a mere 1.5 billion in July. Theories suggest that the waning engagement is simply a seasonal affair, with students trading their keyboards for pool floats and textbooks for sun-soaked adventures. But there’s another theory that may be more of a shock wave for Open AI, which suggests that users are quietly stepping into the role of creators, crafting their very own AI chat bots.
Elon Musk, the visionary behind SpaceX and Tesla, is setting his sights on AI supremacy. Oh, and let’s not forget Twitter, oh sorry, I mean X, because the CEO of X is using data from his social media platform and developing Truth GPT, his brainchild that promises less bias and more accuracy in the world of AI chat bots. And guess what? He’s armed with a whopping 10,000 GPUs.
But here’s where the plot thickens. As Elon Musk’s AI juggernaut barrels forward, Open AI faces a daunting challenge. It finds itself in a GPU drought, grappling with a scarcity that’s akin to a treasure hunt gone awry. The lack of these technological engines has hit Open AI’s progress like a speed bump on a racetrack. In a daring move, Open AI has filed for a trademark on GPT-5A, signaling a potential revolution or a risky gamble.
With financial storms gathering on the horizon, a $10 billion lifeline from Microsoft is thrown into the mix. But here’s where things are becoming more and more interesting. The journey to financial stability is far from a walk in the AI park. This colossal investment from Microsoft is not just a sprinkle of stardust, it’s a lifeline, an infusion of funds that’s intended to keep Open AI afloat in turbulent financial waters.
Open AI has set its sights high, projecting an annual revenue of $200 million for 2023 and an audacious target of $1 billion in 2024. It’s a sprint toward financial recovery fueled by determination and innovation. But with losses mounting like a precarious game of Jenga, the stakes are higher than ever.
So, what does the future hold for chatGPT? Will it rise like a phoenix from the ashes of adversity, adapting to the ever-evolving dynamic landscape? Will Open AI conquer the hurdles and emerge victorious, painting the AI landscape with their triumph? Or will the unthinkable unfold, leading to a bankruptcy declaration by the end of 2024?
Whatever happens, one thing is for sure: in the world of AI, nothing stays the same for long. And earlier in the article, we talked about Open AI filing a trademark on GPT-5. Watch this space to know what to expect next from the company, that is if it does not go bankrupt till that point.
