You know I've thought about different monetization streams they could employ (though they are already highly monetized and receiving support from institutional/organizational investors such as Microsoft, which keeps pouring in billions of dollars into the project). However, recently, I spotted a temporary "Pro" (premium) plan feature added to the bot. However, clicking on this takes you away to a Google form with which they took feedback on what should be the ideal pricing for ChatGPT, what isn't, how much I am willing to pay, and more of that. Clearly, a monetization plan is in the works.
As someone who pays 40USD yearly for Quillbot Premium, I would be willing to forego Quillbot premium to channel all resources into ChatGPT. I believe their monetization plan would make sense. They already make a lot of money from selling APIs and institutions, so users subscriptions, should just make a little fraction of their revenue.
The Pro plan they wanted to introduce would allow Pro users to enjoy the service free of disruptions such as network overload and more, it would also allow them (Pro users) to enjoy newer iterations of the bot earlier than others, and maybe, access to more advanced AI (I can only wonder how advanced they want to get from here).
I was expecting an Ad-based revenue, which could be a serious blow to Google's dominance, but it seems that's not part of their plan for now.
Google already feels threatened and should be releasing over 20 AI tools before the end of this year. It would be interesting to see how the AI battle goes.
It's a nice subject to explore, and the AI revolution is both exciting and scary at the same time.
Bro. If you are to use the premium service of ChatGPT now you would have to pay $40 per month. Omoor there is a huge difference in price. I think I would go back to my Quillbot and pay the $40 yearly premium service. Since everything I just need is to correct my grammatical Errors 😅😂.
I was thinking if there would be a premium plan at all for ChatGPT it would not be more than $20 per month and I may be willing to subscribe sometimes and then rent out my login to people around who may be interested.
I would let you know if I subscribe to the premium of Quilbot but for now, I want to keep enjoying the free version.