OpenAI is expected to increase the price of ChatGPT Plus subscriptions by 10%. The subscription, which costs $20 per month, will rise to $22, according to internal documents reviewed by The New York Times. The price change is expected to take effect by the end of this year.
OpenAI revenue has been on a steady rise since it went live. According to financial documents, by August 2024, OpenAI was making $300 million a month. For the full year, OpenAI is projecting $3.7 billion in annual sales, with revenue expected to climb to $11.6 billion by the end of 2025. ChatGPT subscriptions alone are forecasted to generate $2.7 billion in revenue for OpenAI by the end of the year, a sharp rise from $700 million in 2023.
Despite the rapid growth and about 10 million users who pay for ChatGPT plus subscription, OpenAI is still facing financial challenges. The company anticipates losses of about $5 billion this year, driven largely by the high cost of AI training and computing power.
The data provided above shows that the majority of OpenAI’s revenue comes from individuals and small teams using ChatGPT, while larger organizations have been slower to fully adopt and integrate AI into their workflows.
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