Recent reports have revealed that the ChatGPT mobile app has witnessed a significant surge in revenue following the release of OpenAI’s latest flagship model GPT-4o.
App intelligence firm Appfigures reported a remarkable 22% increase in net revenue for the ChatGPT mobile app on the day of the GPT -4o launch, with the revenue continuing to surge days after the release. By the end of Tuesday, the app’s total revenue had surged to $900,000, nearly doubling its average of $491,000. This impressive growth marks the highest revenue jump the app has ever experienced.
The ChatGPT mobile app earned $4.2 million in net revenue across both the App Store and Google Play from May 13 to 17, the firm found, which represents the largest revenue spike the app has seen to date. The jump in revenue indicates consumer’s demand to try out the latest Al chatbot, particularly on their mobile device.
Tekedia Mini-MBA edition 15 (Sept 9 – Dec 7, 2024) has started registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Apple’s App Store contributed the majority of the new revenue, at 81%, and the U.S. was the top market, accounting for $1.8 million in revenue. Other top countries included Germany ($282,000), the U.K. ($212,000), Japan ($210,000), France ($147,000), Canada ($134,000), Korea ($123,000). Analysts predict that ChatGPT’s revenue pattern indicates that there is no sign of slowing down.
The surge in revenue highlights the growing demand for sophisticated AI solutions and underscores ChatGPT’s position as a leader in the AI and machine learning market.
Recall that last week, OpenAI launched an upgraded version of its chatbot ChatGPT, as well as a desktop version. Following the launch, OpenAI disclosed that the updated model will provide capabilities to everyone that were previously only available to paid users.
The newly launched version comes with upgraded functionality and improvements in text, audio, and visual. One of the standout features of GPT-4o is its voice mode, which represents a significant advancement in conversational Al technology. Also, users can engage with ChatGPT in a manner akin to interacting with a personal assistant, using the chatbot’s ability to seamlessly transition between text, voice, and visual inputs.
Notably, the new model also comes with improved speed quality of ChatGPT for 50 different languages and is also available via OpenAl’s API so that developers can build applications using the new model.
GPT-4o is shifting the collaboration paradigm of interaction between human and machine. With more than 100 million people using ChatGPT regularly 4o is significantly more efficient than previous versions of GPT-4.
Businesses are increasingly integrating ChatGPT into their operations to streamline processes, reduce costs, and enhance customer engagement. The model’s ability to handle complex queries and provide reliable, real-time assistance has made it an invaluable tool for improving operational efficiency and customer satisfaction.
As the technology continues to evolve, ChatGPT is poised to drive further innovation and transformation across multiple domains, solidifying its role in shaping the future of digital interaction and automation.
The app’s revenue doubled after the launch, reaching $900,000 by the end of Tuesday. This is the largest revenue increase the app has ever seen. The surge is attributed to consumer demand for the new AI chatbot, particularly on mobile devices.