OpenAI may raise subscription prices for its advanced AI models based on the value they deliver to businesses. In September, a report claimed that the company could hike the price up to $2,000 per month, sparking backlash from users who find the amount unreasonable. However, OpenAI’s Chief Financial Officer Sarah Friar has indicated that it might make sense to charge more if the AI systems provide significant benefits to companies.
Recently launched ChatGPT Pro, a new subscription tier with unlimited access to advanced AI models, has received mixed reactions. The $200 monthly price point is seen as exorbitant by some, but others are willing to pay for the model’s capabilities. Friar stated that businesses would need to justify the cost of hiring additional staff or covering other expenses to match the value provided by OpenAI’s AI systems.
The company’s financial situation remains uncertain, with projections of a $5 billion loss and the risk of bankruptcy. However, OpenAI has secured $6.6 billion in funding from investors, including Microsoft and NVIDIA. Despite this, the company faces challenges in transforming into a for-profit entity without risking refunding investor money or facing hostile takeovers.
As businesses increasingly rely on AI, it is likely that prices will rise to match the value delivered by these systems. OpenAI’s plans may ultimately benefit the company financially, but they also pose risks and challenges to its growth and success.
Source: https://www.windowscentral.com/software-apps/openai-could-raise-the-subscription-price-for-its-advanced-ai-models-based-on-the-value-delivered