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Artificial Intelligence

ChatGPT is Starting to Cash In

October 12, 2023
x min read

ChatGPT is one of the fastest growing pieces of new technology in history. And now their mobile app is starting to make money.

What’s happening:

  • ChatGPT’s mobile app is becoming widely adopted by users since launching for Apple and Android devices
  • While ChatGPT launched initially as a free to use technology it has since begun rolling out paid subscriptions with additional features

Why it matters:

  • Many skeptics of artificial intelligence doubted that a large number of individuals would actually be willing to upgrade to a paid version of ChatGPT

Going deeper:

  • OpenAI has publicly stated that they are exploring ways to offer a less expensive paid version for individuals
  • There has also been mention of a paid plan for businesses to be able to use which would safe guard their data and allow for team members to collaborate with each other

By the numbers:

  • Since OpenAI launched the mobile app for ChatGPT there have been over 50M total downloads
  • Last month alone the ChatGPT mobile app saw over 15M total downloads
  • Last month was also a record month for revenue for ChatGPT’s app bringing in $4.6M
  • OpenAI has previously stated they are hoping to bring in roughly $200M this year in revenue

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