OpenAI's ChatGPT Dominates AI Market, Hits 200 Million Weekly Users

ChatGPT has quickly evolved from being just another tech tool to an essential part of how businesses and individuals operate in the digital age.

Launched in 2022, ChatGPT quickly gained recognition for its human-like ability becoming the household name for anything generative AI.

Generative AI itself is a technology that has been compared on the scale of truly revolutionary movements like the original cloud computing and smartphone booms.

Several iterations and feature refinements later, the AI startup has grown to 200 million weekly users doubling its user base since last November when it had 100 million as reported by Axios.

ChatGPT has reportedly reached 100 million monthly active users

Just two months after its launch, OpenAI’s viral AI language model, ChatGPT, has been estimated to reach 100 million monthly active users in January, according to a UBS report on Wednesday. The report, citing data from analytics firm Similarweb, said an average of about 13 million unique visitors had used

TechloyEmmanuel Oyedeji

OpenAI's pioneering efforts in making AI accessible to the masses have played a significant role in driving this adoption.

This growth is further evidenced by the fact that there is widespread adoption and integration of OpenAI’s technology across various industries, including 92% of Fortune 500 companies, per the company.

As noted by the AI company, a key driver of this expansion is the introduction of GPT-4o Mini – a more affordable version of OpenAI’s flagship model which has helped double API usage since the release its in July.

OpenAI unveils GPT-4o mini, a smaller and cheaper AI model

OpenAI’s GPT-4o mini is here to revolutionize affordable AI development.

TechloyOyinebiladou Omemu

The democratization of AI through tools like GPT-4o Mini is levelling the playing field, allowing companies to compete regardless of size or resources. This shift is particularly significant for small businesses that previously couldn’t afford high-end AI solutions allowing them to harness the power of AI to streamline processes, enhance customer interactions, and improve decision-making.

While ChatGPT’s growth is remarkable, its meteoric rise is happening in a fiercely competitive environment. Major tech giants like Google, Microsoft, and Meta have also all launched their own AI chat tools, each aiming to capture a share of the burgeoning market.

The growing reliance on these AI tools suggests that businesses and individuals are finding value in AI-driven tools. Also, the rapid growth of ChatGPT’s user base isn’t just a remarkable achievement for OpenAI, it signals a broader shift in how we integrate AI into our daily lives.

Meanwhile, this surge in adoption is happening amid reports that Apple, Nvidia and recurring investor Microsoft might be potential investors in OpenAI’s latest funding round, which could value the company at $100 billion.

Backing from these tech titans would further accelerate OpenAI’s growth, solidifying its position as a leader in the AI space and setting the stage for even greater advancements.

OpenAI reportedly in talks for new funding round at $100 billion valuation

If successful, this would make OpenAI not only one of the most valuable AI startups in history, but also a dominant force in the broader tech landscape.

TechloyEmmanuel Oyedeji