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Friday, March 29, 2024

Dark cloud over ChatGPT revolution: the cost

Artificial intelligence tool ChatGPT was developed by OpenAI.

WASHINGTON: The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it?

OpenAI bled around $540 million last year as it developed ChatGPT and says it needs $100 billion to meet its ambitions, according to industry media The Information.

“We’re going to be the most capital-intensive startup in Silicon Valley history,” OpenAI’s founder Sam Altman told a panel recently.

And when Microsoft, which poured billions of dollars in investment into OpenAI, is asked about how much its AI adventure will cost, the company answers with assurances that it is keeping an eye on its bottom line.

Building something even near…

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