OpenAI, the owner of ChatGPT, may need to raise more than $200 billion by 2030 in order to continue operating, according to HSBC research cited by several media outlets.
The company needs the funding to continue expansion as computing costs climb amid an accelerating and increasingly frantic global AI race.
OpenAI needs $200bn to continue losing money – HSBCSurging computing costs could keep the maker of ChatGPT scrambling for fresh cash, a bank research report has estimated