OpenAI is expected to earn $1.3 billion this year. The company’s ChatGPT chatbot has reached a 23 million downloads milestone.
According to reports, OpenAI’s AI-powered chatbot ChatGPT has seen a surge in income and downloads. Reports say the platform had 3.9 million downloads in its first month.
The chatbot reached 15.1 million downloads in June 2023, proving its popularity.
ChatGPT’s mobile app has grown exponentially from 1.34 million monthly active users in May 2023 to 38.88 million by September 2023.
Consumer expenditure on ChatGPT’s mobile app has outpaced other AI chatbots. It started with USD 352,929 (Rs 2,93,81,622) in revenue during its initial month and rose to USD 1.98 million (Rs 16,48,34,700) by September and approximately USD 2.39 million by October 24.
Sam Altman, CEO of OpenAI, which developed ChatGPT, expects to earn $1.3 billion (R 1,08,22,48,05,000) this year.
The Microsoft-backed AI chatbot has generated over USD 100 million each month, a 30% rise from last year, totaling $28 million.
OpenAI is gathering funding at an estimated USD 80 billion to USD 90 billion.
Conclusion
ChatGPT’s success shows the growing demand for AI chatbots for customer service, education, and entertainment. Its informational and engaging quality makes it popular with corporations and people. ChatGPT’s success shows that AI technology is maturing since it can grasp and respond to natural language more naturally than before.
This achievement shows that AI chatbots may be commercially successful and give actual value to users, which will impact the market. This may spur AI chatbot investment and app innovation. Overall, ChatGPT’s success benefits AI.
