ChatGPT cost a bomb to make with OpenAI's losses growing to $540 million last year, report says

• OpenAI's losses climbed to $540 million in 2022 as it developed ChatGPT, a new report claims.
• The Information said that the startup's costs soared in the months before it launched the chatbot.
• AI tools like ChatGPT are expensive given the significant computing power needed to run them.

It turns out ChatGPT wasn't cheap to make.

OpenAI's development of the technology came at a steep price, with its losses roughly doubling to around $540 million last year, a new report claims.