ChatGPT Subscription Costs Projected to Double in Coming Years; OpenAI Seeks $7 Billion Funding

OpenAI is reportedly planning to raise its ChatGPT+ subscription price over the next five years, eventually reaching $44/month by 2029. The current monthly cost is $20. OpenAI is also trying to raise up to $7 billion in funding, which would value it at around $150 billion. Its revenue was $300 million per month as of August this year, and it expects to bring in $3.7 billion annually. Despite this, the company anticipates losing $5 billion after expenses - building AI is costly and they will likely need to keep raising money to sustain their ventures.