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ChatGPT Becomes Fastest-Growing Consumer Application, Says A Study

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ChatGPT, the hyped chatbot from OpenAI, is evaluated to have gained 100 million monthly active users in January, only two months after its inauguration, making history as the fastest-growing consumer application, as per a Union Bank of Switzerland (UBS) study on Wednesday.

Analyzing the data from the analytics company Similarweb, the report stated an average of about 13 million unique visitors used ChatGPT every day in January, higher than double the levels of December.

UBS analysts noted, “In 20 years following the internet space, we cannot recall a faster ramp in a consumer internet app.”

According to data from Sensor Tower, it took nine months for TikTok to reach 100 million users after it was launched globally and for Instagram 2-1/2 years.

ChatGPT can produce articles, essays, jokes as well as poetry in return for prompts. A private company, OpenAI, supported by Microsoft Corp, made it accessible to the public for free in late November.

OpenAI, on Thursday, declared a $20 monthly subscription for its users in the US only. The company said it would provide more stable and faster services and offer to try new features first.

Analysts consider that the launch of ChatGPT will give OpenAI a first-mover advantage against other AI companies. While there is a substantial computing cost on OpenAI, the company’s growing usage has given valuable feedback to train the chatbot’s responses.

The revenue coming from subscriptions is meant to cover the computing cost, the company said.

Accessibility of the application has given rise to queries regarding the facilitation of academic dishonesty and misleading.

Microsoft publicized engaging in another multi-million-dollar investment with OpenAI in cash and providing cloud computing.

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