ChatGPT Number of Users & Market Size Statistics(Mar 2023)

Interesting ChatGPT Facts & Statistics

OpenAI’s chatbot, ChatGPT, reached over one million users five days after its launch on November 30, 2022. It is expected to reach 1 billion users by the fourth quarter of 2023.

ChatGPT statistics show that people visit the site for an average of 4 minutes and 11 seconds, with a 27.05% bounce rate. Every visit results in an average of 6.89 page views.

ChatGPT is regarded as a watershed moment in the widespread adoption of artificial intelligence. It’s because it continues to grow and innovate with its API, which is simple enough for users to understand and can automate basic programming, data entry, and many other things.

ChatGPT statistics show that it reached one million users in just five days, a feat accomplished by Netflix in over 41 months, or more than three years, and Twitter in over 24 months, or roughly two years.

One million Kickstarter backers | ** one million Airbnb nights booked | *** One Million App Downloads

According to ChatGPT statistics, the tool receives around 10 million queries per day, causing the servers to slow down and resulting in the tool’s “At Capacity” response.

As of December 2022, OpenAI ChatGPT ranked 98th among the world’s most popular websites and 173rd in the United States. The rankings significantly improved from November 2022, when ChatGPT only ranked 1879th globally and 2591st in the United States. ChatGPT’s site also ranked 7th in the Computers, Electronics, and Technology category.

ChatGPT statistics show that ChatGPT is only one rank lower than Google and Messenger in global rankings. In terms of US rankings, the website is higher than Toast (toasttab.com), but lower than Spectrum (spectrum.net).

Visitors of ChatGPT’s website are 70.20% males and 29.80% females, with the largest age group of visitors aged 25 to 24.

According to Similarweb, the average ChatGPT user spends 4 minutes and 11 seconds on the website.

The United States was the top country sending desktop traffic to ChatGPT’s website in December 2022, accounting for 19.20% of the total audience. It is followed by India (5.70%), the United Kingdom (3.56%), France (3.44%), and Germany (3.22%).

ChatGPT is reportedly in talks to sell at least $300 million in shares in an offer that would value the company at $29 billion, more than doubling the ChatGPT valuation of $14 billion in 2021.

According to reports, ChatGPT’s most recent pitch to investors shows a revenue projection of around $200 million in 2023 and $1 billion by 2024.

According to ChatGPT statistics, the chatbot market worldwide was valued at US $525.7 million in 2021, with a compound annual growth rate or CAGR of 25.7% projected from 2022 to 2030.

The company is still trying to determine the exact cost per chat on ChatGPT once it is monetized, but OpenAI CEO Sam Alman believes it will be in the single digit cents.

ChatGPT can help businesses by automating repetitive tasks and providing more engaging interactions with users, such as compiling research and translating texts from one language to another.

However, there may be some risks for businesses, especially since OpenAI acknowledges the current limitations of ChatGPT and artificial intelligence in general, like the possibility of incorrect or biased information or privacy concerns.

ChatGPT is also vulnerable to cybersecurity attacks because it’s connected to the internet and could potentially be utilized to disperse malicious content or viruses.

Chatbots for service businesses dominated the market in 2021, accounting for more than 35.0%. In order to save money, many businesses in sales and customer service began to automate routine and mundane tasks.

The major implication of ChatGPT for market research is the further advancement of Conversational AI as a key methodology. It’s because ChatGPT can exemplify the quality of conversation that AI technology can have.

However, more work needs to be done to make it more effective for market research, such as ChatGPT successfully taking on the right types of personas, so it can be useful in some situations. It will be beneficial for market research if ChatGPT asks appropriate questions that are not leading and are context specific.

ChatGPT has a significant impact on the education sector as it can automate learning goals and activities, as well as assessment and evaluation practices like essays or academic papers. However, this technology raises concerns that students may become overly reliant on ChatGPT for academic tasks.

This is why the paper “ChatGPT User Experience: Implications for Education” concludes that rather than using the tool to do something that students’ general skills can do, ChatGPT should only be used to assist students with subject-domain tasks where they can still use their creativity and critical thinking.

ChatGPT can automate traditional human functions like text revision, document creation, and code writing. With its massive increase in job completion speed and ability to generate written content that is useful in a variety of industries, it has the potential to make significant changes in several of business sectors.

While there is the possibility of human-machine hybrid work wherein humans guide AIs for reduced errors, there is also the risk of people losing their jobs. This demonstrates how ChatGPT’s technology completely creates new systems with impacts for jobs and business models.