OpenAI Plans Price Hikes for ChatGPT Plus: Doubling Subscription Costs by 2029

By Byte Staff Insights
FILE PHOTO: Sam Altman, CEO of OpenAI, attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo

Currently, the ChatGPT Plus subscription is priced at $20 per month. However, by the end of this year, the price is expected to rise to $22 per month.

Reasons for the Price Increase

The price increase for the ChatGPT Plus subscription is due to a few factors. First, the ongoing development and maintenance of the AI model requires significant resources. As Anthropic, the company behind ChatGPT, continues to improve and expand the capabilities of the language model, the costs associated with running the service have risen. Additionally, the increasing demand for the ChatGPT Plus subscription has put pressure on Anthropic to ensure the service remains accessible and sustainable in the long run.

Subscription Benefits

Despite the price increase, the ChatGPT Plus subscription still offers a range of benefits for users. This includes faster response times, priority access during peak usage periods, and the ability to use the model for a wider range of tasks compared to the free version of ChatGPT.

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