A few years ago, artificial intelligence (AI) was only something you saw on science fiction television, in the movies, or read in books.
However, some level of AI has entered our real world in recent years.
Since ChatGPT is touted as the most innovative and functional of such AI technology, we have some ChatGPT statistics, facts, and trends to share with you today.
Once we discuss what ChatGPT is, we have some fascinating, mind-blowing, and essential stats and facts for our readers.
So, What is ChatGPT?
ChatGPT is recognized and marketed as AI that engages conversationally.
The dialogue formatting allows ChatGPT to answer subsequent questions, reject inappropriate conversation, challenge incorrect ideas, and admit its own mistakes.
The GPT in ChatGPT is short for “Generative Pre-trained Transformer.
This technology uses deep learning through an autoregressive language model, which allows it to produce human-like text and engagement.
It was designed after InstructGPT, which is technology programmed to follow instructions in a prompt, then offer a detailed response.
ChatGPT was founded on November 30, 2022, so it’s very new to AI and the public. The parent company is OpenAI, headquartered in San Francisco, California.
There’s no doubt that this technology has created a trending wave across the internet by breaking user records in its first week after launching.
It went beyond 1 million users in that first week.
What can ChatGPT do?
Simply put, ChatGPT can generate clear and easy-to-understand information. The claims say it can be used to produce ideas from scratch, generate recipes.
Provide gift ideas, help you develop a business strategy, write codes, write blog posts, find code errors and explain those errors in understandable language.
These are just a few of the functions ChatGPT offers.
Without further ado, let’s talk ChatGPT stats.
Key ChatGPT Statistics 2024
- Microsoft invested $1 billion in OpenAI.
- ChatGPT is limited to existing data before 2021.
- OpenAI is supported by Microsoft Azure.
- OpenAI expects to generate $1 billion in revenue by 2024.
- ChatGPT is predicted to make $200 million by the end of 2023.
- In its first week after launching, ChatGPT hit the one million user mark.
- Sam Altman, OpenAI’s CEO, says they will be monetizing ChatGPT soon.
- ChatGPT may be popular in the USA, but there are notable countries where it’s not available.
- ChatGPT has its limitations.
- ChatGPT is known as one of the most responsive and efficient chatbots.
Detailed ChatGPT Statistics You Need for 2024
We mentioned that ChatGPT was launched on November 30, 2022, by OpenAI located in San Fransisco, California, but here are some facts you may not know.
1. Microsoft Invested $1 Billion in OpenAI.
In the latest update about Microsoft’s investment in OpenAI, Microsoft is discussing another $10 billion investment into the company, putting Google on notice as a competitor in AI.
OpenAI is categorized as a startup. According to Forbes, Microsoft’s spokesperson has yet to comment on this matter.
Other news sources reporting this investment potential include Reuters, Bloomberg, and Business Insider.
(Forbes, Business Insider, Reuters, Bloomberg)
2. ChatGPT is Limited To Existing Data Before 2021.
While this fact isn’t its only limitation, it’s one you need to know.
The training of this ChatGPT technology ended in September 2021, so its information is limited to 2021 and the years prior.
Therefore, as of now, it has a “cutoff” date of data with which to work.
That said, the tool has some extraordinary features.
If you try to get information after September 2021, it will generate a message telling you that it’s unable to provide information since its cutoff is September 2021.
It also tells you it’s unable to access and browse the internet to find information after that date. For instance, if you ask, “When did Queen Elizabeth II die?”, it has no access to that data.
ChatGPT will generate the same message regarding this limitation when asks about anything after September 2021.
(Open Sky News)
3. OpenAI Is Supported by Microsoft Azure.
OpenAI gets its dynamic computational power from Microsoft Azure, which is needed to run ChatGPT.
The Azure OpenAI service can create content that empowers consumers and individuals to be more informed about purchasing decisions.
This is only one of the ways that ChatGPT is used.
Microsoft has not only invested in OpenAI, but also partnered with it to support and build better AI and artificial general intelligence (AGI).
(Microsoft News, OpenAI)
4. OpenAI Expects to Generate $1 Billion in Revenue by 2024.
This projection for generating $1 billion in revenue in 2024 is not a stretch if everything goes as planned for the program and the company over 2023.
ChatGPT isn’t just all business. It’s also known to generate content like jokes and haikus in a variety of languages.
According to Reuters, it has the potential to impact teachers all over the globe for grading essays generated by this AI-powered program among their students.
Is there precedence for this issue? Time will tell.
5. ChatGPT Is Predicted to Make $200 Million by The End of 2023.
The expectation of generating $200 million by the end of this year (2023) is realistic, and a precursor to the reality of the expectation of $1 billion by 2024.
Reuters was the first to report on this data and on the prediction of revenues for 2024.
These numbers show us how confident the Silicon Valley technology sector is about ChatGPT and OpenAI’s future.
They are expecting a lot of underlying and potential technology that goes beyond what is currently featured.
6. In Its First Week After Launching, ChatGPT Hit the One Million User Mark.
While some technology professionals expected a huge launch and weren’t overly surprised by the one million user mark, they may have been surprised about how fast it happened.
The creators, developers, and investors in OpenAI and ChatGPT knew this would be huge.
It’s unlikely that they expected the number of users to hit one million in its first week.
7. Sam Altman, OpenAI’s CEO, Says They Will Be Monetizing ChatGPT Soon.
In fact, ChatGPT is already being monetized by charging single-digit, cents-per-minute usage for the app. They also offer plans for avoiding ads and unlimited usage.
To “monetize” anything, it means you are using it to earn revenue.
How else would they expect to see $200 million in revenue by the end of 2023 and $1 billion by 2024? Also, how will they pay for their operating and updating/upgrading expenses?
8. ChatGPT May Be Popular in The USA, but There Are Notable Countries Where It’s Not Available.
Surprisingly, ChatGPT is not available in all countries, some are significant, because of security concerns. Here are seven countries where CPT-3 and ChatGPT tech isn’t available.
Many people in Egypt have also reported they cannot access the chatbot.
Russia, Iran, and Ukraine are on the list of terrorist-related countries, so it’s not surprising they are not able to use it without a VPN.
This doesn’t mean that it won’t eventually be available in most countries all over the world. It also doesn’t mean it won’t be banned in more countries.
The fate of ChatGPT is unknown. For now, it’s popular and marketers and bloggers love it.
The list of countries where ChatGPT is available is found on the OpenAI site.
9. ChatGPT Has Its Limitations.
Despite all the hype surrounding ChatGPT, it has its limitations. Every form of technology has limitations because it’s created by humans.
Humans aren’t infallible. Since ChatGPT is still in its infancy and testing stage, it’s going to have limitations.
The goal of making this program/app public was to get feedback from users so they can tweak and fix glitches and issues that arise from using it.
What are the current limitations?
- It’s limited to data up to September 2021 only, it can only provide information limited up to that time.
- It’s sensitive to wording of questions. For instance, if you ask it a question and it says it doesn’t know the answer, you may be able to reword it to get an answer.
- ChatGPT has been writing reasonable sounding, but incorrect answer, which usually make no sense to the reader/user.
- ChatGPT is known to offer biased answers to certain questions.
- The content policy has been and can be bypassed to produce harmful instructions due to prompt engineering.
- It can currently only guess at the user’s intent. However, the model is used to probe the user to clarify when they are ambiguous with their query.
- It’s designed to refuse inappropriate queries, but will sometimes respond to harmful queries or instructions.
- It’s prone to use certain phrases excessively, especially when reiterating that it’s a language model, trained by OpenAI.
10. ChatGPT Is Known as One of The Most Responsive and Efficient Chatbots.
Despite its limitations, ChatGPT is considered one of the most efficient chatbots in the industry. It has some of the most efficient and effective features for users. These features include:
- It lets users offer follow-up corrections to responses.
- It remembers prior responses and prompts.
- It has filters to filter queries via an API moderation feature to prevent offensive results from being generated. It’s designed to dismiss possible sexist or racist prompts.
Overall, ChatGPT is already working at a higher level than any other chatbot in the market.
11. How ChatGPT Compares To Google.
ChatGPT may be new to the tech and AI realm, but it’s believed to be a problem for Google’s search engine.
Several experts have stated that ChatGPT may adversely affect Google’s search engine. In fact, Google has put out a Code Red response to the immense growth of ChatGPT.
There is the potential for ChatGPT data to cause harm to data authenticity on Google.
Google’s focus is intended to be authentic and trustworthy since it is supposed to concentrate on user intent.
ChatGPT is not yet efficient enough to produce the most trustworthy and authentic information. Its own users have said that ChatGPT has produced nonsensical information.
That said, it’s still new to the realm and is being tested in its infancy to help fix and evolve.
12. The Positive and Negative Feedback for ChatGPT Thus Far.
So far, the introduction of ChatGPT has created a virtual storm online. It’s been getting positive and negative feedback from users.
Here are the credible sources of feedback we sourced for our readers.
- Sam Altman, co-creator of OpenAI and CEO of ChatGPT provided this feedback, “The advancing software could pose a huge cybersecurity risk’.
- Elon Musk tweeted that “ChatGPT is scary good” but followed that up with how we are “not far from dangerously strong AI”.
- The New York Times stated that ChatGPT is the best AI chatbot that’s ever been introduced to the public.
- Economist Paul Krugman said that ChatGPT could impact the “demand and employment of knowledge workers” in December 2022.
- A writer for “The Guardian” said that ChatGPT could generate impressively detailed and human-like text and content.
- Bleeping Computer writer, Ax Sharma said that ChatGPT could write malware and phishing emails.
- A CNBC editor asked ChatGPT for the lyrics to “the Ballad of Dwight Fry”, a song by Alice Cooper, but instead, it returned invented lyrics with commentary about why Cooper wrote the song.
These are just a few examples of prominent sources where ChatGPT was given feedback.
(New York Times, Bank Info Security, Twitter, Multicultural Meanderings, The Guardian, Bleeping Computer, CNBC)
OpenAI was founded in 2015 by Sam Alman, Elon Musk, Greg Brockman, John Shulman, and Ilya Sutskever.
It’s being backed by Microsoft, Reid Hoffman (LinkedIn founder), and Khosla Ventures. OpenAI employees over 100 people.
Nearly 50% of OpenAI’s social media traffic comes from YouTube, while under 20% comes from Twitter.
Is Elon Musk Involved in ChatGPT?
Elon Musk is one of the OpenAI creators from December 2015.
Musk has invested in OpenAI, but Microsoft holds and will hold a 49% stake in OpenAI.
Musk still has some stake in the OpenAI company, but he stepped down from the board in 2018.
Musk is not directly involved with the company, but he does have a relationship with the other founders and creators.
That’s as far as his involvement goes. Elon Musk isn’t a decision-maker in this company.
He has been open about ChatGPT and the potential danger and the current limitations of the program.
How Much Does ChatGPT Cost?
Right now, pricing on the ChatGPT website shows that you can use it for free with an $18 free credit that is usable for your first 3 months.
The program is currently on a “pay-as-you-go” plan to make it flexible and easy to use.
There are various levels, called models, which include Ada, Babbage, Curie, and Davinci.
According to Mac Rumors, the app charges users $7.99 weekly or $49.99 annually for unlimited time usage and to get rid of in-app ads.
However, there are various price points reported for Android and browser usage.
This is happening because it’s so new and they are still working on their pricing structure.
Can ChatGPT Give Incorrect Information?
The short answer is yes. ChatGPT can and sometimes does generate incorrect information.
However, there are disclaimers on the welcome screen that address this issue.
Also, its limitation to information after September 2021 causes problems.
The biggest complaint about ChatGPT now is its unavailability. This has nothing to do with it being unavailable in some countries.
It is about users who do have access to it who are complaining it’s unavailable to use.
This could be due to the demand for this app and website, or it needs more tweaking to prevent such problems.
After researching and learning more about ChatGPT, we have come to realize that it has a long way to go in the realm of AI and human-centric bots.
It’s still glitchy and yet wildly popular, but users are still using it for various functions.
While nothing is completely free from errors, we would like to see ChatGPT evolve and grow into a more efficient, glitch-free, and trustworthy AI model soon.
With all the feedback the company is getting from prominent sources, there’s no reason for the glitches and limitations to begin to fall away.
ChatGPT was recently updated to include an embedding model of the chatbot, which seems to function better than the app or website.
Perhaps some of the glitches aren’t present in the embedded version.
However, how does that help with the September 2021 limitation of information? We’re hoping that it will continue to learn and grow with more current and accurate data for its users.
How will Google fare as this technology grows? Will it have a significant impact on reliable and authentic data and cause more cybersecurity issues? Let’s hope not.
We hope we have provided enough information about ChatGPT (what it is, and how it works) to help you form your own opinion about it and what the future holds for AI technology.
We shared all we could find about ChatGPT facts and information. As it grows and evolves, more ChatGPT statistics will become known.