September 27, 2024: ChatGPT Subscription Prices to Rise Significantly - OpenAI plans to increase ChatGPT subscription fees from $20 to $22 per month by the end of 2024 and to $44 by 2029, driven by investor pressure to reduce significant losses. Despite generating $300 million in monthly revenue as of August 2024, OpenAI anticipates a $5 billion loss for the year, partly due to high operational costs. ChatGPTs daily operating expenses were once around $700,000. With 10 million subscribers, there is concern over potential backlash if prices rise too quickly, as many current users already feel the $20 rate is steep.
