ChatGPT subscription prices set to rise

Plus, Apple bows out of OpenAI’s funding round!

AuthorAuthor

Tak Lo & Daniel Akpobare
September 30, 2024

Hello and welcome to the Automated, your AI tour guide.

If you think ChatGPT is pricey now, brace yourself because it’s about to get even more expensive!

And you know what? Raising costs might be the only way OpenAI can keep things running smoothly. Follow us till the end to learn more!

Here’s what we have for you today:

  • 🤑 ChatGPT subscription prices set to rise!

  • 🤯 Apple bows out of OpenAI’s funding round!

  • 🗣️ How to turn your books into a podcast using Google NotebookLM’s updated feature.

  • 🤖 Building fun AI applications with controlFlow.

  • 🤖 ChatGPT Prompt Of The Day: Get Catchy Episode Title For Your Next Podcast.

🤑 ChatGPT Subscription Prices Set to Rise!

Looks like using ChatGPT could get pricier soon!

According to reports from The New York Times, OpenAI is planning to raise the subscription price for ChatGPT Plus.

If you’re a ChatGPT Plus user right now, you’re paying $20 a month—but by the end of the year, that could jump to $22 and by 2029, that price could nearly double to $44 a month!

Why the price hike? Well, it’s all about the money, of course.

Even though OpenAI pulled in a solid $300 million in revenue this August, they’re still looking at a staggering $5 billion loss for the year. Yikes.

And where’s all that money going?

It turns out that a lot of it is being gobbled up by staffing costs, office expenses, and the mind-blowing amount of cash it takes to train and maintain AI like ChatGPT.

At one point, running ChatGPT cost OpenAI jaw-dropping $700,000 a day. No wonder they’re feeling the heat from investors to start closing the gap.

But there’s a potential downside for OpenAI here.

They’ve got about 10 million paying users today, but surveys show that plenty of them already think $20 a month is pushing it.

If prices climb too quickly, they could see some serious backlash from users who might not stick around for the long haul.

So, would ChatGPT still be worth the price, or would it be too steep for you?

💃 New Daily Content Series

We're thrilled to announce the launch of our new daily content series, "The Automated Show," which is available as a Podcast and on Instagram.

This is an exciting new way for you to stay up-to-date on the latest news and insights in the world of AI and automation.

For "The Automated Show" Daily Podcast, you can tune in every weekday for a fresh 1-minute episode covering top AI and automation stories, trends, and developments.

With "The Automated Show" Instagram Reels, we'll post one-minute video updates on our Instagram channel @theautomated_media.

These short, snackable Reels will complement the podcast by providing a visual overview of the latest AI innovations and applications.

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You can find "The Automated Show" podcast on Spotify, Apple Podcasts, and other major platforms.

Be sure to subscribe so you never miss an episode.

🤯 Apple Bows Out of OpenAI’s Funding Round!

Apple is reportedly no longer in talks to join OpenAI’s upcoming $6.5 billion funding round, but don't worry; this won't affect their current relationship with OpenAI.

ChatGPT will still be an optional feature in Apple Intelligence as it rolls out in late 2024 and early 2025.

So, why is Apple pulling out now?

A few theories are floating around. One is that the recent news that more key executives left OpenAI has raised eyebrows about the company’s direction.

Or perhaps it could be related to OpenAI's recent move to shift from a nonprofit to a for-profit company.

This changeover is no walk in the park, and if it is not completed within two years, investors in the current round may request their investment money back.

But hey, it's all just speculation for now! Nothing's for sure!

Meanwhile, other big players like Microsoft and Nvidia are still expected to join the new funding round.

Microsoft, for example, is rumored to be investing another $1 billion in addition to the $13 billion it has already invested.

If you are curious to know more, then click here!

🧱Around The AI Block

  • Lumona: An AI-powered search engine that aggregates insights from social media to enable users to access diverse perspectives and information quickly and efficiently.

  • Outspeed: Provides networking and inference infrastructure to build fast, real-time voice and video AI apps.

  • PandaETL: Extracts, transforms, and automates your document workflows.

  • OpenMusic: Creates high-quality music tracks based on text descriptions.

  • Clarity AI: A high-resolution upscaler that can enhance images and add details.

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🤖ChatGPT Prompt Of The Day: Get Catchy Episode Titles For Your Next Podcast:

A catchy title is the first step to attracting listeners to your podcast.

ChatGPT can help you generate the most unique attention-grabbing titles for your episodes.

Here's a prompt that can help you with that. 

Generate catchy titles for a podcast episode about [topic]. You'll complete this task as follows:

1. Understand the key themes, discussions, and insights of the podcast episode about [topic]. This involves analyzing the content, main points, and the overall tone of the discussion.

2. Brainstorm a list of keywords and phrases that encapsulate the episode's content and its most engaging aspects. Consider what would grab the audience's attention and accurately represent the episode.

3. Create multiple title options that incorporate the keywords and phrases while also being intriguing, concise, and reflective of the episode's style. Ensure that the titles are unique and not cliché.

4. Prioritize the titles based on their ability to attract listeners, their relevance to the content, and their overall appeal.

We've Compiled a List of Over 100 ChatGPT Power Prompts.

This should help streamline your interactions with ChatGPT and get the results you need more efficiently.

Best of all, It's free!

That's all we've got for you today.

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