OpenAI has announced the launch of its new SearchGPT prototype amid reports that the company could face impending financial difficulties and potentially run out of cash within 12 months.
SearchGPT aims to improve AI search functionality by combining advanced OpenAI models with real-time web information. The initiative aims to provide users with quick and accurate answers along with clear sources.
OpenAI could lose up to $5 billion this year due to its massive expenses, which "far exceed" those of its competitors such as Anthropic.
The report highlights that OpenAI's projected expenses for the year include $7 billion for AI training and $1.5 billion for staff, while Anthropic expects 2024 expenses to be $2.7 billion.
OpenAI's financial strategy appears "unsustainable" without continued new investment, according to the report. The firm has already raised more than $11 billion through seven rounds of funding and needs additional funding to continue operating.
Despite looming financial and regulatory challenges,#OpenAIremains committed to improving AI search technology. The company plans continuous improvements to#SearchGPTbased on user and publisher feedback, hoping to integrate better features into#ChatGPTin the future.
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