OpenAI is reportedly planning to raise the price of ChatGPT to $44 within five years

OpenAI is reportedly telling investors that it plans to charge $22 per month to use ChatGPT by the end of the year. The company also plans to increase the monthly price for the next five years to $44.

Documents obtained by shows that OpenAI took in $300 million in revenue this August, and expects to make $3.7 billion in sales by the end of the year. Various costs such as wages, rent and operating costs will cause the company to lose $5 billion this year.

OpenAI is reported to be streaming scripts The NYT reported as part of a campaign to find new investors to prevent or reduce its financial deficit. Fortunately, OpenAI is raising $150 billion in funding, and a new investment round could bring in as much as $7 billion.

OpenAI is reportedly in the midst of switching from . The business model allows for the removal of any caps on returning investors to have more room to negotiate with new investors at potentially higher rates.