ChatGPT Plus Price Hike Alert: OpenAI Set to Double Subscription Cost – What You Need to Know!
ChatGPT Plus Plan Price Hike: OpenAI has decided to increase the prices for its ChatGPT Plus subscription. The company plans to more than double the subscription cost over the next five years. The reason behind this hike is the rising cost of maintaining advanced AI services like ChatGPT. Additionally, OpenAI aims to boost its revenue to further enhance its AI models. However, this price increase may cause some users to hesitate before subscribing to the service.
OpenAI's Financial Struggles
OpenAI is expected to face a loss of nearly $5 billion this year. To stabilize its financial situation, the company is in the process of closing a new funding round. Furthermore, a recent report revealed that one of OpenAI's official accounts was hacked. OpenAI is also considering a $2 increase in its monthly subscription fee, which amounts to around ₹167 in India. However, this is not the end of the price hike, as OpenAI anticipates raising the subscription fee to $44 (approximately ₹3,690) over the next five years.
When Will Prices Increase?
OpenAI launched the ChatGPT Plus subscription at $20 per month (around ₹1,677) in February. According to a report by The New York Times, the AI firm could increase the prices by the end of 2024. The report further states that by the end of 2029, the ChatGPT Plus subscription could reach $44 per month.
Millions of ChatGPT Plus Users
Currently, OpenAI boasts around 10 million users for its ChatGPT Plus subscription. With the expected price increase, the company hopes to see significant profits. As the popularity of ChatGPT continues to grow, so does the demand for its services. By raising the prices, OpenAI may be attempting to control demand and balance supply effectively.
