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ChatGPT has entered its Terrible Twos

Nov 30, 2024 - businessinsider.com
ChatGPT, OpenAI's flagship chatbot, has significantly influenced the global investment in generative AI since its release two years ago. The user base has doubled to 200 million weekly users, and it has helped increase funding in the AI space fivefold from 2022 to 2023. Large tech companies have benefited the most, with a 30% gain since January 2022, and consulting firms like Boston Consulting Group and McKinsey are expecting AI to constitute a larger portion of their revenue.

ChatGPT has also impacted regular users, reaching over 200 million weekly active users in August. It introduced a new search feature that poses a threat to Google's dominance. OpenAI previewed o1, a series of AI models designed to be more thoughtful in their responses, which are accessible to ChatGPT Plus and Team users. Users are hopeful for a full public release in the coming year.

Key takeaways:

  • ChatGPT has significantly influenced global investment in generative AI, with funding in the space growing fivefold from 2022 to 2023.
  • Large tech companies and consulting firms are increasingly relying on AI for revenue, with a significant portion of this coming from generative AI.
  • ChatGPT reached over 200 million weekly active users in August, double the number from the previous fall, and introduced a new search feature that could challenge Google's dominance.
  • OpenAI previewed a series of AI models, o1, designed to spend more time thinking before responding, which are accessible to ChatGPT Plus and Team users, with hopes of a full public release in the coming year.
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