OpenAI's ChatGPT Plus subscription costs set to rise significantly
What's the story
OpenAI, the company behind ChatGPT, is reportedly planning some steep price hikes for its ChatGPT Plus subscription. According to documents reviewed by The New York Times, OpenAI is looking to raise the current $20/month fee for the ChatGPT Plus subscription by an additional $2 before the year wraps up. But this initial hike could just be the tip of the iceberg!
Future projections
Long-term pricing strategy revealed
According to the documents, OpenAI is considering a hefty price increase for its AI subscription, possibly raising it to $44 per month within the next five years. If that happens, ChatGPT Plus could become one of the pricier AI services out there. It's still up in the air whether OpenAI will roll out new subscription options for folks who can't swing nearly $50 a month.
Market response
Potential impact on AI service market
If OpenAI goes ahead with its planned price hikes, it might push ChatGPT subscribers to check out more budget-friendly options like Google and Microsoft's AI services, which are priced at $20 per month. However, there's no guarantee that these competitors will stick to their current prices in the future. This comes right after streaming services hiked their prices, showing a bigger trend in the digital subscription world.