Are you looking for ChatGPT statistics 2024?
If yes, you are in the right place. In this article, I will share all the details about ChatGPT and give you in-depth ChatGPT statistics that will surely blow your mind.
Nowadays, The name ChatGPT is on the mouth of every single person.
ChatGPT first launched on 30th November 2022 for the public and within one week it generated more than 1 million users.
Everyone is using ChatGPT and they get extremely amazed by the human-like ability of the tool.
Open AI, A San Francisco-based company (Which is also a creator of DALL·E 2 and Whisper) is behind the ChatGTP tool.
So, In this article, I am going to share lots of stats & trends of ChatGPT that you don’t know about.
ChatGPT Statistics & Facts 2023
- ChatGPT gets 1 Million Users in a Week
- OpenAI Valued at $29 Billion After ChatGPT
- Over 300+ Million Monthly Visitors to OpenAI
- ChatGPT to Hit $200 Million Revenue Goal in 2023
- Microsoft Invested $1 Billion back in 2019
- Microsoft in talk to Invest $10 Billion in OpenAI
- World’s Largest Neural Network Powering ChatGPT
- ChatGPT Language Model Training
- ChatGPT Features & Limitations
- OpenAI Statistics
What is Chat GPT?
ChatGPT is an artificial intelligence language model developed by OpenAI that can generate human-like text based on the input it receives.
The GPT stands for Generative Pre-trained Transformer. ChatGPT runs on GPT 3.5 technology which is the upgraded version of GPT 3 technology.
After launching, ChatGPT went viral on the internet. Everyone is sharing their screenshots about ChatGPT output on Twitter.
It was trained on a massive dataset of internet text and used a deep learning technique called transformers to generate responses to text-based prompts.
ChatGPT can be used for various applications such as chatbots, language translation, and text summarization.
In simple words, ChatGPT helps you to generate ideas from scratch, develop business ideas, give you suggestions on any topic, write blog posts, write books, and codes, and find bugs in code with an explanation of the error.
For your better understanding, I compare ChatGPT and OpeniAI on Google trends that show you how ChatGPT searches are growing around the world.
You can see the peak level of ChatGPT searches compare to the OpenAI searched on Google. It can do many things you can’t imagine.
How Does ChatGPT Work?
ChatGPT is a variant of the GPT (Generative Pretrained Transformer) architecture, developed by OpenAI.
It’s a deep learning-based natural language processing model trained on a large corpus of text data to generate human-like responses to text inputs.
It uses a Transformer-based neural network architecture, which is designed to handle sequential data (such as text).
During the training process, the model learns patterns in the text data and uses them to generate responses.
When given a prompt, the model generates a response by predicting the next word in the sequence, given the context of the previous words.
The model can be fine-tuned for specific use cases to improve its accuracy.
Also Read: ShortlyAI Review 2024: Can It Write Better Than a Writer?
ChatGPT Statistics & Facts 2024
| Parent Company | OpenAI |
| Launch on | 30th November 2022 |
| Founders | Sam Altman(CEO), Elon Musk(Co-founder OpenAI) |
| Head Quarter | San Francisco |
| Company Valuation | $29 Billion |
| Pricing Plans: | Free Plan Available Paid Plan: $42/month |
| Languages Supported | English, Spanish, German, French, Italian, Dutch, Portuguese, Russian, Chinese, Japanese, and Korean |
| Type of Technology | Large Language Model |
| Backed by | Microsoft, Khosla Ventures, and LinkedIn co-founder Reid Hoffman |
| Dataset Size | 300 billion words, 570 GB |
| Queries Per Day | Approx 10 million |
| Users | 1 Million+ |
| Predicted Revenue | USD 1 billion by end of 2024 |
Best ChatGPT Statistics In-Depth
The Stats of ChatGPT is really incredible, from funding to the user base it crossed too many records.
Lots of tech enthusiasts are finding a way to use this tool by finding the capabilities of ChatGPT.
I am going to mention some ChatGPT statistics below and after reading these stats you will definitely be a fan of this.
Founder of OpenAI
OpenAI is a private research organization that was founded in 2015 by a group of prominent individuals in the tech industry, including Elon Musk, Sam Altman, Greg Brockman, Ilya Sutskever, John Schulman, and Wojciech Zaremba.
The current CEO of OpenAI is Sam Altman.
While the development of ChatGPT was the result of collaborative efforts by the OpenAI team, it is not appropriate to attribute its creation to any one individual.
Funding Raised By ChatGPT
You may know this type of technology needs a huge amount of funding to be developed.
In 2019, Microsoft understand the power of AI in the future and invested $1 billion in OpenAI (The company behind ChatGPT).
OpenAI is founded by Tesla Inc CEO Elon Musk and investor Sam Altman.
These big names behind OpenAI give assurance to the investors that it will become a future need for everyone.
Now, Microsoft is in talks to invest $10 billion in OpenAI to become the biggest stakeholder in the company.
After that Microsoft would have a 49% stake in OpenAI while other investors have a 49% stake and OpenAI’s nonprofit gets a 2% stake.
Userbase of ChatGPT
You get shocked after knowing that ChatGPT gained 1 million users within the first week of its launch.
This is confirmed by Greg Brockman, co-founder of ChatGPT on Twitter.
Since then, ChatGPT receives over 100 million users.
ChatGPT Valuation
After the launch of ChatGPT the company behind this tech innovation is the most valuable US business now.
All thanks to Microsoft who invested $1 billion in OpenAI in 2019 and is planning to invest $10 billion more in the company.
This makes Microsoft the biggest shareholder in the company.
After this investment OpenAI’s worth reaches $29 billion which makes OpenAI the most valuable business in the US.
OpenAI Monthly Visitors
The traffic data of OpenAI will blow your mind. Before the launch of ChatGPT, they were getting 18 million monthly visits.
But in November 2022, after launching the ChatGPT, OpenAI receives 300 million traffic every month.
They are now getting more than 304 million traffic monthly.
Isn’t it a huge success of ChatGPT statistics?
ChatGPT Revenue
Let’s explore the revenue expectations of OpenAI in our ChatGPT statistics.
When ChatGPT was launched it was free for everyone as the company wants everyone to use the platform and explore the high standard of the tool.
No doubt, it is the future tool of everyone’s needs.
So, the company is expected to generate a revenue of $200 million in 2023 and even more.
In fact, one research says that the company will generate more than $1 billion in revenue in the year 2024.
ChatGPT Language Support
ChatGPT is trained to generate text in multiple languages, including English, Spanish, German, French, Italian, Dutch, Portuguese, Russian, Chinese, Japanese, and Korean.
However, its performance may vary depending on the language and the complexity of the task.
It generates better results in the English language.
The goal of training ChatGPT is to allow it to generate human-like text in response to a prompt, making it useful for a variety of natural languages processing tasks such as language translation, text summarization, question-answering, and conversational AI.
Features of ChatGPT
ChatGPT is a language generation model developed by OpenAI, which has the following features:
Limitations of ChatGPT
ChatGPT, like all language models, has certain limitations that are important to consider:
In Which Country ChatGPT is not Available?
ChatGPT is not available in some countries due to security reasons. Here is the detailed list of those countries where ChatGPT or GPT3 technology is not accessible:
- China
- Russia
- Ukraine
- Afghanistan
- Iran
- Belarus
- Venezuela.
The people who are living in this country will not be able to access the ChatGPT or GPT-3 technology.
They will also be able to use this technology when the security concern will be cleared.
OpenAI Statistics
Let’s explore OpenAI statistics, the main company behind ChatGPT.
ChatGPT Pricing 2024: How Much Does ChatGPT Cost?
When ChatGPT was launched, It was free to use for everyone. However, OpenAI launched paid plans for those who want additional features and fast responses.
The ChatGPT paid plan was launched on 21 January 2023.
Even during times of peak demand, access is available with this $42 monthly package. It helps users to respond more quickly, which can help them find the information they need more easily.
Users of ChatGPT who choose the subscription plan will also have first access to new features, giving them the opportunity to remain ahead of the competition and get the most out of ChatGPT.
What’s Included in ChatGPT Paid Plan?
I am going to explain ChatGPT in simple words below:
- You will get an instant response when the demand is high.
- The paid plan gives you more priority which helps you to get a faster response in a timely manner.
- You will get access to the new features that may be introduced in the future.
The paid plan brings more accurate and quick responses compared to the free plan which has some limitations.
So, purchasing the ChatGPT paid plan will surely be worth your money.
Final Words about ChatGPT Statistics 2024
No doubt, ChatGPT is becoming the future of getting new things and solutions to any problem in the world.
I personally used ChatGPT and was shocked by the output of the questions that I asked from the tool.
According to the New York Times in December 2022, ChatGPT is labeled as the best artificial intelligence chatbot that has ever been released to the general public.
ChatGPT is now used by millions of users monthly and they receive good results.
So, this is all about ChatGPT statistics 2024. I hope this article helps you to get all your knowledge about ChatGPT.
If you have any queries, let me know in the comments box below.
