ChatGPT, OpenAI’s wildly popular chatbot, has been named the fastest-growing consumer app of all time, reaching 100 million monthly active users in just two months since its launch. According to a study conducted by UBS on Wednesday, this remarkable feat was achieved with unprecedented speed!
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The report, citing data from analytics firm Similarweb, said that an average of about 13 million unique visitors had used ChatGPT in January, more than double the levels in December.
In the two decades since the dawn of internet technology, UBS analysts insist they have never seen faster growth of a consumer internet application.
After its global launch, TikTok reached the 100 million user milestone in just nine months. In comparison, it took Instagram two and a half years to reach the same goal, according to Sensor Tower data reports.
Last November, OpenAI — which is backed by Microsoft Corp (MSFT.O) and freely available to the public — released ChatGPT, a large language model (LLM) powered by artificial intelligence. After launching as a public beta in late November, ChatGPT’s capabilities have caused awe and fear in education, computer security and business circles alike — so much so that Microsoft has invested $10 billion in the project! Of course, there are still areas where accuracy needs to be improved, but we’re confident that this groundbreaking technology will revolutionize the way businesses interact with their customers.
See also: Report: Baidu to release ChatGPT-style AI chatbot
On Thursday, OpenAI announced a $20 monthly subscription, initially for users in the United States only. It would provide a more stable and faster service as well as the chance to try new features, the company said.
Experts expect the successful launch of ChatGPT to give OpenAI a competitive advantage over other AI companies. The growing usage, while imposing significant computational costs on OpenAI, has also provided valuable feedback to help train the chatbot’s responses.
The company announced that subscription revenue would be sufficient to cover computing costs.
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The presence of this tool has raised alarms about its potential to encourage academic misconduct and the spread of inaccurate information.
Last month, Microsoft announced another multi-billion dollar investment in OpenAI in the form of cash and cloud computing provision.
Source of information: reuters.com
