ChatGPT Subscription Prices Could Reportedly Be Hiked Before the End of the Year
DA Gadgets 
ChatGPT,
the
artificial
intelligence
(AI)
chatbot
by
OpenAI
is
reportedly
about
to
get
more
expensive
for
paid
subscribers.
According
to
a
new
report,
the
AI
firm
is
planning
to
increase
the
subscription
price
for
ChatGPT
Plus
users
by
$2
(roughly
Rs.
167)
a
month.
The
price
hike
is
not
expected
to
stop
there
either,
as
the
company
is
said
to
push
the
monthly
subscription
cost
to
$44
(roughly
Rs.
3,685)
in
the
next
five
years.
The
reason
behind
pushing
for
a
higher
ticket
price
is
said
to
be
OpenAI’s
revenue
ambitions
and
expensive
cost
of
running
operations.
ChatGPT
Subscriptions
to
Reportedly
Get
More
Expensive
According
to
The
New
York
Times,
the
AI
firm
is
planning
to
increase
the
subscription
price
by
$2
by
the
end
of
2024.
Citing
financial
documents
viewed
by
the
publication,
the
report
further
added
that
the
final
price
of
the
ChatGPT
Plus
subscription
might
stand
at
$44
a
month
by
the
end
of
2029,
a
steep
climb
from
the
current
$20
a
month
in
the
US
or
Rs.
1,950
a
month
in
India.
With
the
price
hike,
the
company
reportedly
wants
to
secure
a
revenue
of
$100
billion
(roughly
Rs.
8.3
lakh
crore)
in
2029,
a
majority
of
which
is
expected
to
come
from
its
subscription-based
services.
If
the
AI
firm
is
able
to
achieve
this
target,
it
would
be
raking
in
annual
revenue
similar
to
Reliance
Industries,
Nestlé,
or
Comcast.
OpenAI
currently
has
approximately
10
million
ChatGPT
Plus
users,
according
to
the
report.
The
documents
reviewed
by
the
publication
that
was
meant
for
the
investors
and
OpenAI
reportedly
highlighted
that
it
is
currently
making
“billions”
from
ChatGPT,
and
expects
to
boost
the
numbers
significantly
in
the
coming
years.
Notably,
the
company
is
in
the
process
of
closing
a
funding
round.
Despite
the
big
numbers
projected
in
its
revenue
estimation,
the
company
is
reportedly
struggling
with
optimising
its
operational
costs.
OpenAI
is
said
to
lose
approximately
$5
billion
(roughly
Rs.
41.8
thousand
crore)
this
year,
most
of
which
goes
towards
its
AI-powered
services.
Other
significant
cost-centres
include
employee
salaries
and
office
rent.
Another
major
source
of
expense
is
reportedly
cloud
computing
for
which
the
company
uses
Microsoft’s
services.
Despite
getting
$13
billion
(roughly
Rs.
1.08
lakh
crore)
yearly
due
to
the
partnership,
the
AI
firm
spends
much
of
that
money
on
running
cloud
processing.
