Why OpenAI Might Slash Prices for Users
6/11/202615 min
A.M. Edition for June 11. OpenAI is considering sweeping price cuts as it braces for an intensifying battle for users with chief rival Anthropic. The potential price drop comes as corporate clients begin to pull back on high AI spending and express difficulty tying costs to real investment returns. Plus, social media bans for kids gain momentum as Canada weighs a law that would likely apply to American tech companies like Meta and Snapchat. And the CEO of Bloom Energy K.R. Sridhar tells us how the company is navigating growing opposition to new data centers. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsSpeaker 10:00
The spirit of innovation is deeply ingrained in America, and Google is helping Americans innovate in ways both big and small. Working with NOAA's National Hurricane Center, Google's latest AI model is providing experimental tropical cyclone simulations, bringing earlier and more accurate guidance to weather agencies and emergency service experts. This is a new era of American innovation. Learn more at g.co/AmericanInnovation.
Luke Vargas· Host0:28
[upbeat music] OpenAI weighs major price cuts as businesses begin to scrutinize soaring AI bills. Plus, Canada proposes banning social media for teens, and mounting opposition to data centers prompts a rapid rethink in how the industry sources its power.
KR Sridhar· Guest0:49
The utility companies try to provide them the power, but remember, it's a freeway and a highway paid for by the ratepayer. And if one ratepayer was consuming all that power and everybody else was paying the tolls for that road, people got upset.
Luke Vargas· Host1:06
It's Thursday, June 11th. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today. [upbeat music] The war for AI customers is leading OpenAI to consider drastic price cuts. We are exclusively reporting that the ChatGPT maker is weighing significant cuts to what it charges for tokens,