ChatGPT Breaks Records as Fastest App to Reach 100 Million Users
UBS analysts report that ChatGPT is on track to hit 100 million monthly active users in just two months, outpacing TikTok and Instagram. The rapid growth prompts massive investments from Microsoft and poses new strategic challenges for Google.
ChatGPT is on track to surpass 100 million monthly active users just two months after its launch, according to data from UBS. This unprecedented growth rate means the artificial intelligence chatbot reaches this milestone faster than TikTok, which takes nine months, and Instagram, which requires 30 months.
Big Tech companies are reacting quickly to this explosive popularity. Microsoft commits an additional $10 billion to OpenAI, the developer behind ChatGPT, while the chatbot's success creates a strategic dilemma for Google and its parent company Alphabet.
UBS analysts note that the total addressable market for this technology is potentially worth $1 trillion. While this valuation comes from bullish venture capitalists, the analysts believe the underlying market has the potential to be exceedingly large as conversational AI continues to evolve.