TNB Tech Minute: OpenAI Is Considering Major Price Cuts Amid Rivalry With Anthropic

Shiva Pillay0:00

Without trusted data, I don't think you have an AI advantage. You may actually be running a high-end liability at machine speed.

Speaker 20:06

That's Veeam's Shiva Pillay. Join him at the break to learn why trusted data is the fuel that lets AI scale successfully and safely.

Danny Lewis· Host0:14

[upbeat music] Here's your T&B Tech Minute for Thursday, June 11th. I'm Danny Lewis for the Wall Street Journal. We exclusively report that OpenAI is considering drastically lowering the prices it charges users as it seeks to win customers from Anthropic. People familiar with the matter say the move by the ChatGPT maker would be in anticipation of similar cuts expected by its rival. Business executives are beginning to balk at the high prices for AI usage as the two companies are trying to win over enterprise customers. But drastic price cuts could potentially erode the company's profit margins, which already lose billions of dollars due to the enormous costs of AI computing resources. News Corp, owner of the Wall Street Journal, has a content licensing partnership with OpenAI. Speaking of Anthropic, the Claude chatbot maker's latest AI model is facing backlash from some users over the broad restrictions on its capabilities. The company previously said its Mythos model was too dangerous to release widely because of fears around cybersecurity and bioweapon development. Some AI experts accused Anthropic of hiding some limitations to the update called Claude Fable 5, including quietly degrading the quality of its responses about developing high-end AIs, while others found that Fable 5 refused to answer any questions about biology, mathematics, and chemistry.