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Chat GPT Statistics: Revenue, Popularity, Implications & Potential

OpenAI’s latest GPT model, Chat GPT, which gathered around 1 million users in only one week after its launch, has been making a splash in the AI industry since its official release on November 30th, 2022.

But how exactly does OpenAI keep pushing the limits with the assistance of AI, and what precisely is Chat GPT’s potential?

If you haven’t been keeping up with the Chat GPT craze, here are some key Chat GPT statistics including revenue, its impacts and limitations, its potential for the future, and which trials are using it to replace humans.

Chat GPT statistics
Table of Contents

Top Chat GPT Statistics

  1. After just one week since its release, ChatGPT has already amassed more than one million users.
  2. OpenAI, the company that owns ChatGPT, estimates that they will be able to bring in one billion dollars of revenue by the end of 2024.
  3. OpenAI’s value was raised by ChatGPT to USD 29 billion. Currently, OpenAI is among the most valuable American companies.
  4. By the end of 2023, there will be around 1 billion ChatGPT users.
  5. GPT 3 was downloaded 3,771 times from people located all over the world in the initial 10 days of January 2023, whereas the app Lia ChatGPT was downloaded 3,560 times during the same timeframe.
  6. According to reports, Microsoft will purportedly integrate ChatGPT into its Bing search engine in 2023.
  7. The percentage of female users of ChatGPT, DALLE 2, and GPT 3 is 30.4%, whereas the percentage of male users is 69.4%.
  8. When GPT-4 is finally released in 2023, it is anticipated that it will have a storage capacity of up to 280 billion ML parameters. In contrast, GPT-3 has the ability to store 175 billion ML parameters, while GPT-2 has 1.5 billion ML parameters.
  9. Microsoft is anticipated to integrate OpenAI’s ChatGPT chatbot technology into Excel, Word, PowerPoint, and Outlook by 2023.
  10. A share sale that would increase ChatGPT’s overall worth to $29 billion and place it among the most valuable US businesses with modest revenues is now being discussed.
  11. Within a few days, ChatGPT’s trends went from less than 1% to 100%.
  12. Many straightforward inquiries received incorrect replies from ChatGPT.
  13. Stack Overflow has banned ChatGPT.
  14. 570 GB of information from textbooks, journals, and web pages served as the training data for ChatGPT.
  15. Due to the fact that ChatGPT’s training was terminated in 2021, it can only retrieve data from before that year.

 

Revenue of ChatGPT

By the end of 2023, ChatGPT is projected to generate $200 million (Reuters 2)

Realistically, $200 million in revenue is expected to be generated by the end of this year (2023), which is a step toward the forecast of $1 billion by 2024.  The numbers and the forecasted revenue for 2024 were originally reported by Reuters.

These figures demonstrate how optimistic the Silicon Valley technology industry is about the future of ChatGPT and OpenAI. They believe that there will be a lot more underlying and prospective technology than what is now shown.

Popularity of ChatGPT

One million people signed up for ChatGPT within the first five days after it was released in November, 2022 (Statista)

According to a report presented by OpenAI itself, ChatGPT was first made available to the public on November 30, 2022. In only five short days, the application gained more than one million users.

Chat GPT statistics - million users

Global consumers installed the software Lia ChatGPT 3,560 times in the initial 10 days of January 2023, compared to 3,771 downloads of GPT 3 (Statista)

Chat GPT statistics - comparison

Implications of ChatGPT

ChatGPT scored a C+ on University of Minnesota graduate examinations and a B to B- on Wharton School exams in a blinded test (CNN)

The instructors at the University of Minnesota Law School scored the examinations blindfolded to see how effectively ChatGPT could produce responses on exams for the four subjects.

Following the completion of 95 MCQs and 12 essay questions, the bot achieved a mark that was below average but sufficient to pass all four classes. It did so by performing equivalently to a C+ student overall.

Professors are making adjustments in response to doubts regarding a potent new AI tool, ChatGPT, which performed better on a test for a business management course at Wharton, where it received a B to B-.

Chat GPT banned in 7 Countries Due to Security Concerns

Due to security issues, ChatGPT is not accessible in all countries, some of which are major (OpenAI Beta)

The following seven nations do not have access to CPT-3 or ChatGPT technology.

  1. Russia
  2. China
  3. Afghanistan
  4. Belarus
  5. Ukraine
  6. Iran
  7. Venezuela

Given that Russia, Iran, and Ukraine are on the list of nations associated with terrorism, it is not surprising that they are prohibited from using it without a VPN.

Numerous Egyptians have also complained that they are unable to use the chatbot.

This does not imply that it won’t ultimately be accessible in the majority of nations worldwide. It also does not imply that it won’t be prohibited in additional countries.

Benefits of ChatGPT

ChatGPT is among the most receptive and effective chatbots (Emeritus)

ChatGPT is regarded as one of the industry’s most effective chatbots. For users, ChatGPT contains some of the most useful and efficient use cases. These qualities consist of the following:

  1. It enables users to rectify replies in the future.
  2. It keeps track of previous answers and commands.
  3. In order to prevent objectionable results from being created, it offers filters to filter searches through an API moderation tool. It is intended to ignore any potential sexist or racist cues.
  4. ChatGPT currently performs better than any other chatbot on the market.

 

Limitations of ChatGPT

When a question about anything occurs after September 2021, ChatGPT will deny its access to that data, and you will see this notification addressing this restriction.

ChatGPT is Restricted to Existing Data Until 2021 (Open Sky News)

This technology’s training concluded in September 2021; therefore, its knowledge is restricted to 2021 and preceding years.

As a result, it currently has a minimum threshold for data that it may use.

Additionally, it informs you that after that date, it cannot access or surf the internet for data.

New App Aims to Combat AI-Generated Essays in Academia

A student at Princeton University named Edward Tian claims to have created an app that can identify essays written employing ChatGTP (The Guardian)

According to Edward Tian, his GPTZero software can tell if an essay was produced by a person or a computer program.

The app will remain free in order for all academic establishments to have access to it.

Tian claims that he spent his New Year’s Day developing a program that would aid instructors in identifying plagiarism and essay-writing software.

This app is expected to become live in mid- to late-January 2023. That seems fascinating. Right? This demonstrates how quickly technology can advance.

OpenAI’s ChatGPT Joins Forces with Bing for Smarter Search Results

After making a hefty $1 billion investment in OpenAI, Microsoft is now trying to integrate ChatGPT into its Bing search engine (The Guardian)

According to The Guardian’s reports, Microsoft and OpenAI join forces to produce more interesting search results for its Bing search engine.

The system converses with users and gives them more intelligent responses using a mix of AI and natural language processing. Microsoft expects ChatGPT to enhance the user experience and contribute to increasing visitation to its search engine.

Chat GPT Stats Final Words

So these are the key Chat GPT statistics. As you can see Chat GPT unquestionably has a considerable distance to go considering the expanding scope of artificial intelligence (AI) and the preponderance of bots that simulate human behavior. OpenAI is currently working on improving the model and removing some of the restrictions that it currently has.

Because OpenAI is always working to improve it, we have high hopes that Chat GPT will one day provide us with a more accurate and foolproof representation of the model. Despite the most recent upgrade, it was discovered that the embedding model of Chat GPT functions more effectively.

References

Picture of Patryk Miszczak

Patryk Miszczak

I am an author, blogger, and full-time online entrepreneur based in the UK, focusing on e-commerce and affiliate marketing. Business Solution provides people with currently working marketing techniques that I personally use to build profitable online businesses, including SEO, traffic generation, affiliate marketing, and more.
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