ChatGPT Hits 200 Million Weekly Users OpenAI Reports Record Growth

ChatGPT Hits 200 Million Weekly Users OpenAI Reports Record Growth

Post by : Raina Mansoor

Aug. 30, 2024 11:56 a.m. 1440

OpenAI announced on Thursday that its AI chatbot, ChatGPT, has surpassed 200 million weekly active users, a notable increase from the 100 million reported last fall. Launched in 2022, ChatGPT has rapidly gained traction due to its ability to generate human-like responses based on user prompts.

In addition to the impressive user growth, OpenAI revealed that 92% of Fortune 500 companies are now using its products. This includes a significant uptick in the adoption of its automated Application Programming Interface (API), which facilitates communication between software programs. Since the introduction of the ChatGPT-4o mini in July, the use of this API has doubled. The GPT-4o mini is designed to be a cost-effective and less energy-intensive AI model, aimed at expanding OpenAI's customer base.

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The success of ChatGPT has greatly contributed to the rising valuation of the San Francisco-based company. OpenAI's growing influence is further underscored by its recent partnerships with AI startups Anthropic and the U.S. government for research, testing, and evaluation of their AI models, as announced by the U.S. Artificial Intelligence Safety Institute.

In other developments, media reports suggest that Apple and Nvidia are in negotiations to invest in OpenAI, potentially valuing the company at over $100 billion. Microsoft, a major backer of OpenAI, is also anticipated to participate in this new fundraising round.

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