ChatGPT breaks the record for fastest user growth!

According to a UBS study released on 1 February 2023, ChatGPT, the well-known chatbot from OpenAI, is expected to have amassed 100 million monthly active users in January, just 2 months after its release, which makes it the fastest-growing consumer app in history.

ChatGPT becoming a phenomenon!

As per the analysis, which used data from the analytics company Similarweb, ChatGPT saw more than twice as many unique visits in January than it did in December or an average of approximately 13 million per day.

UBS analysts stated in the note that they “cannot recall a faster ramp in a consumer internet app” in their 20 years of monitoring the internet space. Data from Sensor Tower shows that although Instagram took 2.5 years to reach 100 million users following its global launch, TikTok took around nine months. ChatGPT can respond to prompts by producing articles, essays, jokes, and even poetry. It was made freely available to the general public in late November by OpenAI, a private business supported by Microsoft Corp (MSFT.O).

Initially available to users solely in the United States, OpenAI introduced a $20 monthly subscription on Thursday. According to the company, it would offer a faster, more reliable service and the chance to test out new features in advance.

Analysts predict that OpenAI will have a competitive advantage over other AI firms thanks to ChatGPT’s viral debut. While increasing usage puts a strain on OpenAI’s computational resources, it has also given vital feedback that has helped the chatbot learn how to respond to different scenarios.

The business claimed that the subscription income would aid in defraying the cost of the computer system. Concerns regarding the tool’s accessibility to academic dishonesty and disinformation have been highlighted. Microsoft revealed a new multi-billion dollar investment in OpenAI last month, this time in the form of money and cloud computing services.