Open AI came to break any known or conceived paradigm on the real scope of Generative Artificial Intelligence platforms thanks to ChatGPTa platform to which companies like Microsoft have invested tons of bills.
Even so, not everything would be so perfect and fluid in the real finances of the company, since now a disturbing new report has emerged, where it is ensured that, as things are now, ChatGPT could go bankrupt completely in the year 2024.
The thing is, this would happen at a critical point for ChatGPT and other AIs like Google Bard, which rely on being fed huge amounts of information.
This is how these projects were born, but now we are about to enter a new era where the authorities will begin, out of common sense and with urgency, to regulate what kind of information these systems are fed with.
The critical point of this is the issue of potential copyright violations. And that factor could be the Achilles heel that dooms the future of ChatGPT and other similar projects.
Because, let’s be honest, for the AI to get to its current state they had to have fed it material that was probably protected by copyright laws.
Why OpenAI and ChatGPT could go bankrupt in 2024
It turns out that Analytics India Magazine has published a report where it ensures that the ChatGPT website has seen a continuous decrease in users in the first six months of the year. So the boom that was experienced at the beginning of 2023 has gradually faded, at least in the recurrence of people who have visited the platform.
Users, according to data from SimilarWeb, dropped to “barely” 1.5 billion in July 2023. A huge figure but one that falls short of the 1.7 billion in June and the 1.9 billion in May. Although it should be clarified that the figures do not include those who hang from the API or the ChatGPT mobile application.
The reasons for this collapse are not clear. One theory holds that in May the students, due to the nature of their Anglo-Saxon school cycle, did not go to school, so that is why it decreased. While others point out that after users put together their own bots they stopped going directly to the site.
This last phenomenon is a recipe for financial disaster, since they continue to hang on the API, but do not go directly to Artificial Intelligence, consuming high resources. Those that are needed for a system of this type to serve billions of users.
There are estimates that indicate that the daily operation of ChatGPT would require spending close to USD $700,000 per day. A figure that becomes monstrous after a year. So at the time of this writing OpenAI’s losses have doubled to around US$540 million.
ChatGPT’s compute costs are staggering, and its parent company is in a sore spot as it’s too soon for any leading AI company like OpenAI, Anthropic, or Inflection to go on the IPO market for Sell your shares on the stock market.
So by 2024 your losses would be much larger than your income, so you would technically go bankrupt. Although you can always hope that Microsoft keeps the wallet open to save them.