OpenAI Expected to Burn over $100 Billion by 2029

OpenAI is expected to ramp up the power of its AI, expending over $100 billion to increase the power available. ChatGPT, one of the most famous AIs under the company, is expected to be the focus of this expansion to meet the public’s heightened demand.

OpenAI is an American artificial intelligence organization that was founded in 2015 as a non-profit organization. It was founded by twelve founders, with famous names like Elon Musk being founding members. The organization’s founding mission was stated to be, “to ensure that artificial general intelligence (AGI)—by which we mean highly autonomous systems that outperform humans at most economically valuable work—benefits all of humanity.”

OpenAI provides a highly sought-after service, hosting ChatGPT, a tool that millions of people use on a daily basis. It is an incredibly adaptable tool that can save significant time on a lengthy, easy-to-do process that would just waste people’s time.  

OpenAI has been ramping up in cost each year, becoming one of the world’s largest renters of cloud servers to host their AI. It is expected that the organization will expend $8 billion this year and that next year, the price will double. It is projected that next year it will cost $17 billion and the year after that, $35 billion.

Take note, the current price is higher than what was projected last year for the organization. If this trend continues, the current future price estimates we have could also be incorrect and be higher than what is projected.

I am eager to see how the continued use of AI will affect our society and how AI itself will develop as more assets are put towards its development.

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