Number of ChatGPT Users and Key Stats (May 2024)
OpenAI's ChatGPT has revolutionized the technology landscape, especially with the introduction of GPT-4o. This flagship model, incorporating audio, vision, and text capabilities, paves the way for another groundbreaking year. As of May 2024, ChatGPT boasts an impressive user base of over 180.5 million users, marking an 80% increase from January 2023.
ChatGPT User Growth and Usage Stats
The growth trajectory of ChatGPT is nothing short of remarkable. From hitting the 100 million user mark in January 2023, the platform has since soared to over 180.5 million monthly users. The ChatGPT website witnessed a staggering 1.8 billion visitors in March, signaling a 12% rise from the previous month.
GPT-4o, known for its rapid audio response time of 232 milliseconds, has been a major hit with users. The daily traffic on the platform surged past 100 million visits post the GPT-4o launch and is on track to surpass 2 billion visits by the end of May. Notably, GPT-4o outperformed its predecessor, GPT-4 Turbo, by being twice as fast and 50% more cost-effective.
The ChatGPT app has been a popular choice among users, with combined downloads from iOS and Android exceeding 110 million and generating close to $30 million in revenue for OpenAI. Since its inception in November 2022, the app garnered 1 million users within just 5 days.
Statistics and Revenue Insights
Running and maintaining ChatGPT come at a significant cost of approximately $700,000 per day, translating to an average query cost of $0.36. With an annual revenue surpassing $1.3 billion, OpenAI now rakes in over $100 million monthly. The valuation of OpenAI stands at a staggering $86 billion.
Remarkably, over 92% of Fortune 500 companies utilize OpenAI's platform, with more than 2 million developers leveraging its APIs for various applications.
User Demographics and Adoption Trends
ChatGPT's user base is diverse, with users across different demographics and industries. Professionals in marketing exhibit the highest adoption rate at 77%, while insurance professionals show the lowest at 33%. Interestingly, young adults in the 18-29 age group make up the highest percentage of users at 43%, contrasting with just 6% among older adults (65+).
A significant portion of business owners express their intent to use ChatGPT for tasks like content translation and generation. Productivity gains are evident, with customer support agents and business leaders benefiting from ChatGPT's capabilities.
Moreover, research studies highlight ChatGPT's proficiency in various domains, such as medical note writing and creative problem-solving. The platform continues to evolve, offering enhanced user experiences and valuable solutions across sectors.
Overall, the impact of ChatGPT on technology, business, and individual users is profound, setting a precedent for innovation and efficiency in the AI landscape.
