Tag: Financial losses
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OpenAI’s ChatGPT Faces Declining User Base and Mounting Losses Amid Trademark Concerns, US
OpenAI's ChatGPT faces declining user base and financial losses, raising concerns about its sustainability. Can it overcome challenges and secure a sustainable future? Find out more.
New AI System Fights SMS Phishing Scams, Saving Kiwis from Losing Thousands
Protect yourself from SMS phishing scams with Dolla's new AI system. Detects and filters suspect messages, saving you from losing thousands.
OpenAI Loses Half a Billion Dollars in 2022 Due to ChatGPT
OpenAI, a leading AI research and development firm, has made headlines for its pursuit of artificial general intelligence (AGI). Despite hefty losses of $540 million in 2022, the firm continues its investment for AGI with a staggering $100 billion. Factors such as the cost of databanks, paying staff, and training machine-learning models raised the firm's expenses. However, a paid version was launched to increase revenue but the costs still persist. OpenAI co-founder, Sam Altman, is leading efforts to raise the needed funds while considering the potential pros and cons of AI. Amid plans of an AI monopoly and costly data, OpenAI ploughs forth in AI innovation and AGI research with great potential implications.