Staggering Daily Cost of Rs 5.80 Crore for ChatGPT Sparks Bankruptcy Concerns by 2024: Report

The staggering daily cost of Rs 5.80 crore for ChatGPT, a large language model chatbot developed by OpenAI, has sparked bankruptcy concerns for the company. ChatGPT is a powerful tool that can generate text, translate languages, write different kinds of creative content, and answer your questions in an informative way. However, the high cost of running ChatGPT is a major concern for OpenAI.

The cost of running ChatGPT is so high because it requires a lot of computing power. ChatGPT is trained on a massive dataset of text and code, which requires a lot of servers to process. The company is currently spending around Rs 5.80 crore per day to run ChatGPT.

OpenAI is not the only company that is facing bankruptcy concerns due to the high cost of running large language models. Google’s LLM, LaMDA, also costs around Rs 5.80 crore per day to run. The high cost of running these models is a major challenge for the AI industry.

There are a few ways to reduce the cost of running large language models. One way is to use less computing power. This can be done by training the models on smaller datasets or by using less powerful hardware. Another way to reduce the cost is to share the cost of running the models with other companies. This can be done by creating a consortium of companies that share the cost of running a large language model.

The high cost of running large language models is a major challenge for the AI industry. However, there are a few ways to reduce the cost. If the industry can find ways to reduce the cost, large language models will become more affordable and accessible to a wider range of businesses and organizations.