OPENAI IS GROWING FAST AND BURNING THROUGH PILES OF MONEY

Summary from the TLDR newsletter

OpenAI's monthly revenue hit $300 million in August and it expects about $3.7 billion in annual sales this year. However, it expects to lose roughly $5 billion after paying for costs related to running its services. There will also be other costs such as equity-based compensation to employees. Its biggest cost is the computing power it gets through a partnership with Microsoft. OpenAI plans to raise ChatGPT Plus to $44 over the next five years.