**News Flash: OpenAI Faces Financial and Regulatory Challenges**
OpenAI, the creator of ChatGPT, is facing significant financial hurdles, with projections indicating potential losses of up to $5 billion in 2024. Reports suggest the company might run out of cash within a year due to hefty expenditures, including $7 billion on AI training and $1.5 billion on staffing.
Despite raising over $11 billion across seven funding rounds, OpenAI may need another round of financing soon. The company recently launched a new AI model, "GPT-4o mini," and is working on an advanced model named "Strawberry."
Additionally, OpenAI is under scrutiny from U.S. lawmakers and the SEC over transparency and safety standards. CEO Sam Altman has been asked to address these concerns and consider making future models available for government review.