tech
OpenAI Mulls Slashing Prices as it Competes with Anthropic for Users: WSJ
OpenAI is reportedly mulling drastic price cuts to its AI models, as it looks to woo consumers from rival AI company Anthropic, the WSJ reported on Wednesday.
TL;DR
- OpenAI is considering drastic price cuts for its AI offerings.
- The company anticipates similar price cuts from rival Anthropic.
- Both OpenAI and Anthropic have recently filed confidentially for IPOs.
- Anthropic's recent Series H funding round valued the company at $965 billion, surpassing OpenAI's $852 billion valuation in March.
- ChatGPT reached 1 billion monthly app users in May, setting a new record.