ChatGPT's Rising Popularity: Financial Milestones Achieved
ChatGPT from OpenAI is rapidly gaining traction in the tech world. According to The Information, the number of paying subscribers has surged to 20 million in just three months, up 30% from 15.5 million at the end of last year. This indicates a growing interest in the capabilities of AI for coding, article writing, and providing medical and financial advice.
Currently, ChatGPT generates a monthly revenue of $415 million, translating to $5 billion annually. In addition to the standard ChatGPT Plus subscription at $20/month, OpenAI offers a premium Pro plan at $200/month, further boosting revenue. The company also earns from API usage, which brought in about $2 billion in 2023. If this growth continues, OpenAI could reach $12.7 billion in revenue by 2025, significantly exceeding the projected $4 billion in 2024.
Despite the overall increase, the proportion of paying users has dropped from 5% to 4%. Meanwhile, the number of active users per week has risen to 500 million, an increase of 43% compared to 350 million at the end of 2023.
It's worth noting that OpenAI recently completed a new funding round, raising $40 billion. This marks the largest funding round for a private tech company in history. The company's valuation now stands at $300 billion.