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Why is ChatGPT losing traffic and users?
If you have been keeping up with the news recently, then you would surely have heard about how OpenAI, the company that created the world-famous generative AI tool – ChatGPT is on the verge of bankruptcy and how it is burning cash every day to keep the tool going. And, if you didn’t know that already, now you do. According to a report by Analytics India Magazine, OpenAI might go bankrupt by the end of 2024. The report adds that ChatGPT, one of OpenAI’s most important and most popular products is losing popularity and it is costing the company about $700,000 every single day to maintain ChatGPT. We would also like to refresh our listeners’ memories that Microsoft is OpenAI’s single biggest investor, having invested $10 billion in OpenAI. The competition in the Generative AI tools market is seriously heating up and the newest kid on the block, Llama 2, which is a partnership between Meta and Microsoft is the latest competitor for ChatGPT. But Microsoft has already integrated GPT into its products like Bing Chat and Windows Copilot. It also very recently released the Azure ChatGPT as part of its Azure cloud universe.
This brings us to the question that we seek to address in today’s episode – Is ChatGPT losing traffic and users, and is its popularity waning? Well, factually speaking, for the first time it was launched in November last year, ChatGPT has seen a decline in website visits, which in a way does point towards a supposed decline in the popularity of AI chatbots and AI-powered image generators. According to SimilarWeb, the global desktop and mobile traffic to the ChatGPT website has witnessed a decline of 9.7% in June, as compared to the numbers for May. The number of unique visitors to the ChatGPT website has also declined by about 5.7%. Along the same line, the amount of time the users are spending on the ChatGPT website has also gone down by about 8.5%.
One thing we can say for sure is that the Generative AI tools market is heating up and getting very interesting. We are all watching it closely to see how things will pan out.
With that, we come to the end of this episode of the Cognixia podcast. We hope you enjoyed listening to us today and learned something new during this episode. If you would like to recommend any topics to us or have any questions, feel free to reach out to us, we would love to hear from you.
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By CognixiaIf you have been keeping up with the news recently, then you would surely have heard about how OpenAI, the company that created the world-famous generative AI tool – ChatGPT is on the verge of bankruptcy and how it is burning cash every day to keep the tool going. And, if you didn’t know that already, now you do. According to a report by Analytics India Magazine, OpenAI might go bankrupt by the end of 2024. The report adds that ChatGPT, one of OpenAI’s most important and most popular products is losing popularity and it is costing the company about $700,000 every single day to maintain ChatGPT. We would also like to refresh our listeners’ memories that Microsoft is OpenAI’s single biggest investor, having invested $10 billion in OpenAI. The competition in the Generative AI tools market is seriously heating up and the newest kid on the block, Llama 2, which is a partnership between Meta and Microsoft is the latest competitor for ChatGPT. But Microsoft has already integrated GPT into its products like Bing Chat and Windows Copilot. It also very recently released the Azure ChatGPT as part of its Azure cloud universe.
This brings us to the question that we seek to address in today’s episode – Is ChatGPT losing traffic and users, and is its popularity waning? Well, factually speaking, for the first time it was launched in November last year, ChatGPT has seen a decline in website visits, which in a way does point towards a supposed decline in the popularity of AI chatbots and AI-powered image generators. According to SimilarWeb, the global desktop and mobile traffic to the ChatGPT website has witnessed a decline of 9.7% in June, as compared to the numbers for May. The number of unique visitors to the ChatGPT website has also declined by about 5.7%. Along the same line, the amount of time the users are spending on the ChatGPT website has also gone down by about 8.5%.
One thing we can say for sure is that the Generative AI tools market is heating up and getting very interesting. We are all watching it closely to see how things will pan out.
With that, we come to the end of this episode of the Cognixia podcast. We hope you enjoyed listening to us today and learned something new during this episode. If you would like to recommend any topics to us or have any questions, feel free to reach out to us, we would love to hear from you.