ChatGPT's App Revenue Skyrockets After GPT-4o Launch

Published On Thu Aug 08 2024
ChatGPT's App Revenue Skyrockets After GPT-4o Launch

ChatGPT's mobile app just had its biggest month yet | TechCrunch

The launch of OpenAI's new GPT-4o “omni” model in May has sent ChatGPT’s app revenue soaring. Following the model's release, the mobile version of OpenAI's chatbot has now experienced its highest revenue month to date. In July, the app generated $28 million in net revenue from the App Store and Google Play, according to data from app intelligence firm Appfigures.

Net revenue represents the sum OpenAI retains after paying Apple's and Google's in-app purchase fees. Appfigures also discovered that Apple's App Store contributed to 83% of the app's revenue, a percentage that has increased by 20% since June. Prior to app store fees, ChatGPT's app earned $28.9 million in May, $34 million in June, and $39.9 million in July.

ChatGPT Revenue

Enhancements with GPT-4o

With the introduction of GPT-4o, ChatGPT gained the capability to handle text, speech, and video interactions. The chatbot now offers quicker response times, allows interruptions during conversations, and delivers a more human-like and natural experience. Demand for this innovative technology led to a 40% revenue surge in May, as stated by Appfigures. Although the growth rate has slightly decreased, revenue continues to climb steadily. In July, Appfigures estimates that ChatGPT acquired 2 million new paying subscribers, establishing another milestone for the mobile app.

Furthermore, various updates and developments in the tech industry, such as new appointments, compliance revisions, and product launches, keep the sector dynamic and forward-moving. Companies like OpenAI are continually pushing boundaries, transforming the digital landscape, and shaping the future of technology.

Chatbot OpenAi Image

Anticipated Growth

Following the launch of ChatGPT's new Advanced Voice Mode, which provides nearly real-time and realistic interactions, Appfigures foresees continued growth in the upcoming months. The platform has been consistently progressing and offering cutting-edge features to enhance user experience and satisfaction.

Additionally, OpenAI is expanding the functionality of ChatGPT, with the recent roll-out of an advanced voice mode to some ChatGPT Plus users. This feature allows for more immersive and interactive conversations, enriching the overall user experience.

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