ChatGPT Plus Price Hike: $20 Monthly Fee Could More Than Double Over the Next Five Years

If you’re enjoying the advanced AI and features of ChatGPT, you might want to get ready for a hefty price tag. According to a recent report, OpenAI is planning to double the cost of ChatGPT Plus, its premium subscription service, over the next five years.

Currently, you can get all the benefits of ChatGPT Plus for $20 a month, but this could increase to around $44 a month by 2029. Why the price hike? As it turns out, the AI technology behind ChatGPT is "burning through piles of money."

A Burning Issue for OpenAI

The real reason behind the projected price hike is clear: developing and powering the AI technology costs a lot. Despite generating significant revenue, with monthly earnings now reaching $300 million and annual sales expected to hit $11.6 billion next year, OpenAI is reportedly on course to lose around $5 billion in 2024.

Seeds of Turmoil?

As OpenAI pushes forward with its ambitious plans, the company is simultaneously looking to raise around $7 billion in outside funding, which would value it at an impressive $150 billion. However, internal turmoil may be brewing – three executives have recently quit the company.

What Lies Ahead?

While it’s uncertain how these price hikes will affect end-users, one thing is certain: the future of ChatGPT is bright – and pricey. In the meantime, OpenAI is focusing on improving the platform, having recently rolled out new features like Advanced Voice mode and the ChatGPT 4o-mini model.

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