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ChatGPT This never ceases to amaze the technology industry and the general public. Chatbot based artificial intelligence from Open AI continues to reap success for the company and this is reflected in its growing presence in various areas. The platform is now on track to reach 100 million monthly active users just two months after its launch in November 2022.
As the data compiled by the Swiss firm show UBS (via Markets Insider), ChatGPT it will become a digital platform that has reached this milestone in less time. Compared, instagram it took about 30 months to reach this figure, while tik takconsidered a social network at the moment, it took about 9 months to overcome this barrier.
Huge popularity of ChatGPT
According to analysts UBS In his report, published on February 1, “The data suggests that [ChatGPT] will exceed 100 million monthly active users in January, which is a huge achievement in such a short period of time.”. In addition, they added that “In the 20 years following the Internet space, we cannot recall faster growth of the consumer Internet application.”.
The study also highlights that the overall potential market in which it operates is ChatGPT it could be worth up to $1 trillion, a figure analysts have heard from VCs that, while highly optimistic, is not entirely far-fetched. “This may seem like a wild bullish scenario and prices could fall, but our bottom line is that the market could become overly large.”say analysts.
ChatGPT accelerated tech industries
Thanks to the success ChatGPT, the rest of the tech companies have started to move in order to be able to take a share in this growing AI-based chatbot market. From my side, Microsoft increased its investment in Open AIdeveloper of this platform, to an additional 10 billion dollars in January last year.
In addition, hundreds of analysts agree that ChatGPT became a real threat to the empire Google due to how popular it is for requests when a more natural or human response is needed. Analysts UBS — including Lloyd Walmsley, Karl Kiersted and Timothy Akuri — believe the app’s success has put Google in a stalemate.
“Google You are at a dead end where you either (1) fail to impress by raising questions about your competitive position, or (2) overdo it by raising concerns about (i) monetization risk and (ii) margin squeeze.”noted by these experts.
The analyst group also wrote that “data from Google Trends show what you are looking for Google terms “chatgpt” and “chat gpt” are nearing peak volumes since the site launched in November 2022, and search interest hit its highest level just a few days ago.”.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.