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ChatGPT soon bankrupt? Cost explosion due to high energy costs

08/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Experts warn that OpenAI is at risk of bankruptcy due to the high fixed costs for the chatbot ChatGPT. The company's user numbers plummeted in the summer. CEO Sam Altman had already pointed out the chatbot's high operating costs in December 2022, which have risen to $700,000 a day. Despite these costs, the chatbot is not yet profitable.

OpenAI's losses doubled to $540 million in May 2023. A Microsoft investment of ten billion dollars is helping to stabilize the situation for now. However, it is unclear how long this financial support will last.

In addition, OpenAI is suffering from a decline in user numbers. Chatbot ChatGPT saw a twelve percent drop in users within a month. The number of users dropped from 1.7 billion in June to 1.5 billion in July, according to SimilarWeb.

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Startup Ticker Week 31/2023: 1,128 startups in Germany

08/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
In calendar week 31/2023, there were a total of 1,128 start-ups in Germany recorded in the commercial register.
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Startup Ticker Week 30/2023: 1,755 company startups in Germany

08/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
In the 30th calendar week of 2023, a total of 1,755 new companies were entered in the commercial register in Germany.
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Startup Ticker Week 29/2023: 1,888 company startups in Germany

07/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
During the 29th calendar week of 2023, a total of 1,888 new entries of German startups were recorded in the commercial register.
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Startup Ticker Week 28/2023: 1,703 company startups in Germany

07/20/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
During the 28th calendar week of 2023, a total of 1,703 new companies were recorded in Germany and entered in the commercial register.
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