OpenAI faces significant financial challenges despite its success with ChatGPT, leading to concerns about a potential AI bubble. HSBC projects that OpenAI will remain unprofitable through 2030, requiring an estimated $207 billion in additional funding to meet growth demands. While subscriber numbers are expected to rise from 10% to 44% of the adult population by 2030, the high costs associated with cloud computing and data center infrastructure are substantial. HSBC anticipates OpenAI’s operational costs will reach $792 billion by 2030, with overall commitments hitting $1.4 trillion. Despite potential revenue of $213 billion by 2030, it may not suffice to cover expenses. The bank suggests increasing paid subscriptions and capturing more digital ad spending as potential strategies for closing the financial gap. Ultimately, OpenAI’s future hinges on its financial backers and the evolving AI landscape, raising concerns about sustainable profit generation amidst soaring operational costs.
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