ChatGPT Plus Price Hike Will Affect India

OpenAI's ChatGPT Plus subscription is expected to become more expensive soon, which will impact many users in India.

According to recent reports, the monthly fee for the popular AI service will increase by about $2, which translates to approximately Rs 167.

And this is just the beginning; over the next five years, OpenAI plans to raise the subscription cost to a staggering $44 per month (around Rs 3,688).

Currently, ChatGPT Plus subscribers in India pay about Rs 1,676 per month. Since its launch in February, this service has provided users with faster response times and priority access during peak hours.

However, this increase strategy is driven by OpenAI's need to meet revenue targets and manage the high operational expenses of running sophisticated AI systems.

The rising costs of technology and resources necessary for maintaining such advanced platforms have put pressure on the company to change its pricing structure.

By the end of 2029, the subscription price is projected to reach $44 per month, marking a notable increase from its current rate of $20 in the US and Rs 1,978 (including GST) in India.

The CEO of Jitterbit, Bill Conner has said, "The question of whether open source vs paywalled GenAI is ‘better’ depends completely on the use case. Many of us will use “free” GenAI platforms like ChatGPT in our personal lives for a myriad of reasons. However, paywalled GenAI platforms like Microsoft Copilot are often built specifically to enhance business processes.

“The question shouldn’t be around open source or paywalled, but how to achieve true value from AI. Businesses must recognise what they want to use AI to achieve - either to make tasks easier for employees, or to refine and enhance business processes as a whole. Companies that evolve their businesses to incorporate powerful AI tools will enjoy the full benefits of the AI evolution.  

“The beauty of the AI landscape is the sheer number of options available. There's no single ‘winner’, the power lies in a business' ability to use a wide range of AI platforms for different tasks, from Mistral and Perplexity, to Big Tech’s Copilot and Azure AI. Your data, not the specific AI chosen, is the key differentiator.”

Price Decision

Currently, OpenAI has about 10 million subscribers to its ChatGPT Plus service, and the financial benefits from the price increase could be substantial. The company is already generating billions in revenue from ChatGPT, and it aims to ramp up those figures in the coming years.

However, OpenAI faces challenges in balancing revenue growth with operational costs, as it is projected to incur losses of around $5 billion (roughly Rs 41,900 crore) this year due to high expenses associated with AI services.

This incident underscores the challenges OpenAI faces as it navigates both financial and operational hurdles in the fast-paced AI industry.

Times Now News     |     LinkedIn     |     LinkedIn     |     Jitterbit     |     Jitterbit
Live Mint     |     News Bytes

If you like this website and use the comprehensive 7,000-plus service supplier Directory, you can get unrestricted access, including the exclusive in-depth Directors Report series, by signing up for a Premium Subscription.

  • Individual £5 per month or £50 per year. Sign Up
  • Multi-User, Corporate & Library Accounts Available on Request

Cyber Security Intelligence: Captured Organised & Accessible

« AI Will Hit Employees’ Cyber Security
Meta Launches AI Chatbot On Facebook & Instagram »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

TitanFile

TitanFile

TitanFile is an award-winning, easy and secure way for professionals to communicate without having to worry about security and privacy.

STMicroelectronics

STMicroelectronics

ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life.

Operational Center for Information Systems Security (COSSI)

Operational Center for Information Systems Security (COSSI)

COSSI is responsible for the detection and mitigation of cyber attacks directed at French Government information systems.

ReversingLabs

ReversingLabs

ReversingLabs develops cyber threat detection and mitigation tools that address the the latest directed attacks, advanced persistent threats and polymorphic malware.

Crayonic

Crayonic

Crayonic digital identity technologies protect and guarantee the identity of people and things.

Recruit.net

Recruit.net

Recruit.net allows job seekers to instantly find millions of jobs from thousands of web sites with a single search.

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71)

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71)

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) is Singapore's first cybersecurity entrepreneur hub.

Iron Bow Technologies

Iron Bow Technologies

Iron Bow Technologies is a leading IT solution provider dedicated to successfully transforming technology investments into business capabilities for government, commercial and healthcare clients.

Noblis

Noblis

Noblis is a dynamic science, technology, and strategy organization dedicated to creating forward-thinking technical and advisory solutions in the public interest.

Krista Software

Krista Software

Krista is an intelligent automation platform that combines iPaaS and Conversational AI to automate complete business processes across your teams and apps.

Teleskope

Teleskope

Teleskope are on a mission to empower businesses to protect sensitive data by default.

Defimoon

Defimoon

DeFimoon is the International Blockchain Development & Security Agency. We provide professional services and solutions at the highest quality on world-leading chains.

Resemble AI

Resemble AI

Resemble AI is an innovator in Generative Voice AI technology and tools to combat AI fraud including audio watermarking and deepfake detection.

AUCloud

AUCloud

AUCloud is a leading Australian cyber security and secure cloud provider, specialising in supporting businesses and Governments with the latest cloud infrastructure.

Dynamic Standards International (DSI)

Dynamic Standards International (DSI)

Dynamic Standards International is a global standards development organization which develops certifiable ‘dynamic standards’ that pace with fast-evolving landscapes.

Cyber Dagger

Cyber Dagger

Cyber Dagger is a cybersecurity company driven by a mission to protect digital infrastructures and close the cybersecurity skills gap.