There were 9 million ChatGPT downloads on Google Play in September, while another 6.6 million were recorded by the App Store. The total number of ChatGPTT downloads has reached 52.2 million.
OpenAI’s chatbot chatgpt September saw a record increase in downloads, bringing the revenue generated from its mobile app to $4.58 million. Last month, 15.6 million downloads were recorded on iOS and Android app stores, but now it seems that this growth is slowing down.
There were 9 million downloads on Google Play in September, while another 6.6 million were recorded by the App Store. The total number of ChatGPTT downloads has reached 52.2 million.
According to mobile app analytics and insights platform AppFigure, ChatGPT’s revenue growth is starting to slow despite a record number of downloads. Compared to over 30% revenue growth in the past few months (31% in July and 39% in August), the company showed 20% growth through September.
appfigure Said,
“Our estimates show that ChatGPT earned $3.2 million from the App Store and Google Play in September. This net means what OpenAI gets to keep after Apple and Google take their fees.
Notably, OpenAI previously shared that it expected total revenue to reach $1 billion for 2023. Much of this revenue growth is driven by sales of artificial intelligence software and the computing power that powers it. Furthermore, we have recently informed of About OpenAI’s ambitious plan to run a share sale that could potentially boost the company’s valuation from $29 billion to between $80 billion and $90 billion. Its last fundraise was in April when OpenAI received a little over $300 million in funding at a valuation of $29 billion. It was backed by Sequoia Capital, Andreessen Horowitz, Thrive, and K2 Global etc. After this there was huge investment Microsoft Corporation (NASDAQ:MSFT) back in January.
Reaching $1 billion in revenue would help OpenAI cover its losses that reportedly doubled last year to $540 million and expenses that could grow further as ChatGPT usage grows.
ChatGPT: Revenue Driver
Talking about OpenAI’s flagship product, ChatGPT, it generates revenue in a variety of ways, including providing API services to businesses and offering premium subscription plans to individuals and businesses that require more advanced features and capabilities. Is.
For $20 per month, ChatGPT Plus subscribers get a number of benefits, such as general access to ChatGPT even during busy times, faster response times, and priority access to new features and improvements.
ChatGPT takes the total revenue generated by OpenAI to its highest level ever, but although it is still the largest and most popular chatbot in wide use, it is facing stiff competition.
One of the biggest competitors of ChatGPT in the market google bardAn AI-powered chatbot launched by Google LLC In March 2023. It uses training data taken from across the web to inform its responses. The chatbot is free to use, its developers had no stated intention of monetizing it.
Other competitors include Microsoft Bing Chat – an AI-powered version of Microsoft’s Bing search engine, launched in February 2023, and Chatsonic – an AI chatbot with the ability to generate text and images based on trending issues.
Darya is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in exploring the ways in which blockchain can transform various industries and bring our lives to a different level.
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