ChatGPT becomes fastest growing app in the world, records 100mn users
ChatGPT, the well-known artificial intelligence (AI) chatbot, has achieved a significant milestone by reaching 100 million users within just two months of its launch. This rapid growth is highlighted in a report by SimilarWeb, showcasing that the chatbot averaged 13 million daily users in January alone. Surpassing established social media platforms like Instagram and TikTok, which took 2.5 years and 9 months, respectively, to achieve the same user milestone.
ChatGPT was officially introduced in December of the previous year. Developed by OpenAI, a company backed by Elon Musk, this conversational AI chatbot is designed to interpret prompts and deliver detailed responses. Users can easily engage with the chatbot by inputting their queries.
Unprecedented Growth in Internet App Space
An analysis by UBS, relying on SimilarWeb data, revealed that ChatGPT's user growth is unparalleled in the consumer internet app domain. Compared to other major platforms, TikTok and Instagram, the speed at which ChatGPT amassed users is unprecedented. This growth has raised concerns among established internet companies, including Google, as indicated by the company's CEO during an earnings call where the focus was on AI capabilities and the world's increasing interest in leveraging them.
OpenAI's Response and Future Developments
An image to make the content more visually appealing:
Anticipating the competitive landscape, OpenAI recently launched the ChatGPT Plus model. This subscription-based service, priced at $20 monthly and currently available in the US, offers users enhanced features during peak usage times. Subscribers to ChatGPT Plus can benefit from quicker response times, prioritized access to new functionalities, and more.
Continued Expansion and Rising Interest
Similarweb's estimates indicate substantial traffic to the chat.openai.com platform, with approximately 25 million daily visitors in recent weeks. The site's traffic has been growing steadily, averaging a 3.4% daily increase over the past month. On its peak day, January 31, the site attracted 28 million visits from 15.7 million unique users.
An image to make the content more visually appealing:
Looking ahead, prominent players like China's Baidu have announced plans to develop their own versions of ChatGPT, gearing up for the AI-powered future. As technology continues to advance rapidly, the success of ChatGPT underscores the growing significance of AI applications in transforming various industries.
Stay updated on the latest Budget News, Business News, Breaking News Events, and Latest News Updates on Live Mint. For daily market insights, download Mint News App and explore premium content by logging into our site to save your bookmarks.
