High computational costs

[Ehsanuls55]

The cost of keeping ChatGPT running is not small, and it is starting to show in the subscription prices.

OpenAI recently announced plans to increase the price of its ChatGPT Plus subscription from $20 to $22 per month by the end of 2024, with further increases planned to reach $44 per month in 2029.

What are the reasons for these price increases?

Did you know? Despite generating $300 million in monthly cio & cto email list revenue as of August 2024, OpenAI is still set to lose around $5 billion this year. ChatGPT alone costs the company $700,000 a day to run.

AI systems require huge amounts of computing power to operate, which leads to high costs in terms of electricity and hardware, such as cooling supercomputers that run 24 hours a day.

ChatGPT also consumes 500ml of water for every 5 to 50 prompts just to cool the supercomputers involved, so it's definitely not the most environmentally friendly.

Tips for using ChatGPT effectively
ChatGPT has its flaws. But there are many useful workarounds that can make the most of the tool.

1. Clarify your queries
When using ChatGPT, clarity is extremely important, especially when asking questions .

Providing clear, specific details about your topic is key to getting the best responses.

Example

A vague question like “How do I do better marketing? ” may get a generic answer.

Instead, try to be more precise:

"How can I improve Instagram engagement for a small beauty brand targeting women ages 25-50?"

This way, ChatGPT will know exactly what you need and will be able to give you a specific answer.

Also, make sure to use complete sentences.

Fragmented phrases like “Increase sales?” leave a lot to the imagination. Asking, “How can I increase sales in my online store?” ensures that the AI ​​understands your intent.

Also avoid overly complex questions.

Breaking down questions like “How can I start a blog and make it profitable?” into smaller, simpler questions helps ChatGPT provide clearer, more focused answers.

Pro Tip: If you ever get a response that isn't exactly what you expected, don't be shy - ask for clarification. To use ChatGPT effectively, get as much relevant information as possible before choosing what fits your needs. Remember: research like AI and edit like a human.