ChatGPT sets record for fastest-growing user base - analyst note
By Krystal Hu
Feb 1 (Reuters) -ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday.
The report, citing data from analytics firm Similar Web, said about 13 million unique visitors used ChatGPT per day in January, more than double the levels in December.
“In 20 years following the internet space, we cannot recall a faster ramp in a consumer internet app," UBS analysts wrote in the note.
Similar Web did not immediately respond to a request to confirm the figures. OpenAI, a private company backed by Microsoft Corp MSFT.O, launched ChatGPT in late November.
It took TikTok about nine months after its global launch to add 100 million users and it took Instagram 2-1/2 years, according to data from Sensor Tower.
ChatGPT is currently free to use. The company on Thursday launched a $20 a month subscription that provides more stable and faster service as well as the opportunity to try new features first.
Analysts believe the viral launch of ChatGPT will give OpenAI a first-mover advantage against other AI companies. The growing usage, while adding up to a substantial amount of computing cost, has also provided valuable feedback to help train the chatbot's responses.
The tool has also raised questions about academic dishonesty and misinformation.
Last month, Microsoft announced another multi-billion investment in OpenAI in the form of cash and cloud credit.
Reporting by Krystal Hu in Toronto; Editing by Cynthia Osterman
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
