According to a UBS study released on Wednesday, the popular chatbot from OpenAI, ChatGPT, is estimated to have reached 100 million monthly active users in January, just two months after its launch. This makes it the consumer application with the fastest growth rate in history.
According to data from analytics company Similarweb, an average of 13 million unique visitors used ChatGPT each day in January, which is more than twice as many as in December.
In the note, UBS analysts wrote, “We cannot recall a faster ramp in a consumer internet app in 20 years following the internet space.”
According to Sensor Tower data, it took TikTok about nine months to reach 100 million users worldwide, whereas Instagram took two and a half years.
In response to prompts, ChatGPT can produce articles, essays, jokes, and even poetry. At the end of November, OpenAI, a private company supported by Microsoft Corp., made it free for everyone to use.
OpenAI announced a $20 monthly subscription on Thursday, initially available only to US users. According to the company, it would offer a faster, more stable service and the chance to test out new features first.
Analysts believe that OpenAI will be ahead of other AI companies due to the viral launch of ChatGPT. Even though the growing number of users is putting a significant strain on OpenAI’s computing resources, it has also provided helpful feedback that has been used to train the chatbot’s responses.
The company stated that the revenue from subscriptions would contribute to the cost of computing.
The tool’s availability has prompted concerns regarding its facilitation of academic dishonesty and misinformation.
OpenAI received another multibillion-dollar investment from Microsoft last month, this time in the form of cash and the provision of cloud computing.