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7 Best ChatGPT User and Company Facts

7 Best ChatGPT User and Company Facts

ChatGPT has changed the world by producing eye-catching content. From a simple answer to complex codes, it does what you ask it to.

It’s only been a few months, and the program is already talking in billions. What are the stats and facts of ChatGPT? The article covers the 7 top facts.

$29 billion valuation

OpenAI Company Valuation
OpenAI Company Valuation

ChatGPT is in talks to sell shares that will jump its total value to $29 billion, making it one of the most valuable US companies making small revenue. Wall Street Journal reported on the 5th of January, 2023.

OpenAI’s valuation in 2021 was around $14, which is expected to double within two years. The company was valued at around $20 billion in 2022.

Source: WSJ and Reuters

Over a million users

Sam Altman on Total ChatGPT users

Millions of users are registered on ChatGPT. The tool was released on the 30th of November 2022, and in five days, it crossed the 1 million mark.

With this pace, I assume over 10 million users are registered in ChatGPT.

Microsoft Bing and ChatGPT

Microsoft has invested $1 billion in ChatGPT, and according to recent news, Microsoft Bing will soon integrate ChatGPT to provide better results to users.

Glenn Gabe on Twitter showed what the ChatGPT on Bing might look like, but there is no official announcement from Microsoft yet.

Sources: Search Engine Roundtable and The Information

Chat GPT Costs millions

If a million users run 10 ChatGPT commands daily, it will cost the company around $100K daily, around $3 million per month.

However, we have established that it crossed 1 million users in just five days. On that number, the cost of using the tool is over $100K per day.

If 10 million users run ten commands daily, it would cost OpenAI around $1 million daily.

Over $1 billion in expected revenue

The company’s expected revenue in 2023 is around $200 million. Also, the estimated revenue by the end of 2024 is $1 billion, five times higher than this year’s expectations.

Source: Reuters

Elon Musk and ChatGPT

Elon Musk is actually the co-founder of OpenAI, the ChatGPT company. He, Sam Altman, and others co-founded the company, but he left the company in 2018 after conflicts between the board of directors.

Elon Musk, however, still believes in the technology and donates to the company. He has personally used ChatGPT and mentioned it on multiple occasions.

Source: AS

Over 300 million traffic

In December 2023, the OpenAI website was visited over 300 million times. The number was only 18.3 million in November.

The traffic to the OpenAI website has increased by around 1448% in the US.

Source: SimilarWeb

Additional facts

ChatGPT Example
ChatGPT Example
  • ChatGPT is filled with information up to 2021. Events after 2021 are not yet added.
  • They trained ChatGPT with 570 GB of data from books, articles, and websites.
  • Elon Musk said that ChatGPT is scary good on Twitter.
  • ChatGPT’s trends jumped from less than 1% to 100% in a few days.
  • ChatGPT has given wrong answers to many simple questions.
  • ChatGPT is banned on Stack Overflow.
  • DALL-E is a paid tool from OpenAI to generate images from text.
  • The company has 100+ employees.
  • Around 35.3% of the Open AI user base is between 25 and 34.

Sources: SimilarWeb, Analytics India Magazine, and OpenAI

Summary

ChatGPT is not going anywhere with Bing integrating it. It has a huge potential with a long road ahead. As this program grows, we will see more of ChatGPT’s stats and facts.

I will keep updating this article as new information comes up. Until then, enjoy your day.