ChatGPT vs. Industry Giants: The Race to 100mn Users

ChatGPT becomes fastest growing app in the world, records 100mn users in just two months

ChatGPT, the renowned artificial intelligence (AI) chatbot, has achieved a significant milestone by reaching 100 million users within a mere two months of its launch. This remarkable feat was reported by SimilarWeb, indicating that the chatbot was attracting a staggering 13 million users daily in January.

Rapid Growth Surpasses Industry Leaders

The platform's unprecedented growth has surpassed industry giants like Instagram and TikTok, which took 2.5 years and 9 months, respectively, to achieve the same milestone. ChatGPT was introduced to the market in December and is a creation of OpenAI, a company backed by Elon Musk.

Designed as a conversational bot, ChatGPT is programmed to comprehend instructions provided in a prompt and deliver detailed responses efficiently. Users can seamlessly engage with the chatbot by entering their queries.

Unprecedented Ramp in User Acquisition

An analysis by UBS, based on SimilarWeb data, highlighted the exceptional speed at which ChatGPT has acquired users. The research noted that in the internet space over the last two decades, there has been no comparable growth rate in a consumer internet application.

According to SimilarWeb estimates, the chat.openai.com website has been witnessing approximately 25 million daily visitors in the past week. The platform's traffic has exhibited a daily growth rate of 3.4% over the last month.

Impact on Internet Giants

The rapid rise of ChatGPT has raised concerns among established internet players, such as Google. During an earnings call, Google's CEO emphasized the transformative potential of AI, citing the enthusiastic response to ChatGPT as a testament to the growing interest in advanced technologies.

Notably, Baidu, a prominent Chinese tech company, has also announced plans to develop its version of a ChatGPT-like chatbot to cater to the evolving market demands.

Introduction of ChatGPT Plus Subscription

OpenAI recently unveiled the ChatGPT Plus model, offering users a subscription at $20 per month. Currently available exclusively in the US, the Plus subscription provides users with enhanced services during peak usage times.

Subscribers to ChatGPT Plus benefit from faster response times, prioritized access to new features, and an overall improved user experience.

ChatGPT's exponential growth and innovative offerings underscore the increasing significance of AI-powered solutions in shaping the future of digital interactions and services worldwide.