HSBC has same forecast on ChatGPT that made a ‘frustrated’ Sam Altman say: Enough
OpenAI CEO Sam Altman is apparently tired of people fretting over how much money the company spends to run ChatGPT. When asked about the enormous expenses on a recent podcast, he gave a brief, frustrated answer: “Enough.” That was in response to repeated questions from the financial world about how OpenAI could make money when the underlying technology costs so much to run. Now, investment bank HSBC has predicted that, though AI is a major trend, its research indicates OpenAI will still not be making a profit in 2030 as it will need to spend at least another $207 billion on computing power just to keep growing.
When investor Brad Gerstner questioned OpenAI’s spending on a podcast earlier in the month, Altman sprang straight to the company’s defence. He replied, “Brad, if you want to sell your shares, I’ll find you a buyer.
