ChatGPT’s 1st Anniversary! 110M installs and nearly $30M in revenue

ChatGPT’s 1st Anniversary! 110M installs and nearly $30M in revenue

Written by Deepak Bhagat, In News, Published On
December 1, 2023
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ChatGPT, an OpenAI innovation in artificial intelligence, is commemorating its first anniversary. Consider its innovations, controversies, rapid adoption, and global impact.

2023 is the year when technology developed, with artificial intelligence and there have been some of the most significant developments. We know the fact that AI research has been developing for decades, but it did not gain widespread attention until 2022, primarily with the introduction of the AI chatbot by the San Francisco-based AI startup OpenAI. November 30, 2022, signifies a turning point in contemporary AI advancements with the official debut of ChatGPT by OpenAI.

The introduction of OpenAI and ChatGPT

At this time, OpenAI made ChatGPT publicly available. The recently introduced AI chatbot could generate responses that resembled those of a human for nearly any inquiry. Simply put, ChatGPT is generative AI, which means it is capable of producing its content in addition to analyzing and responding to pre-existing data. The latest OpenAI product accumulated nearly one million users in just five days. Generic AI was the most-discussed technology in Silicon Valley before the release of ChatGPT, with OpenAI at the epicenter of the commotion. With the January 2021 introduction of its DALL-A text-to-image model, OpenAI rose to prominence. Founded in 2015 by Sam Altman and Elon Musk, the former resigned in February 2018 to concentrate on Tesla. Nevertheless, Musk maintained his position as a donor and advisor for a considerable time.

2022 vs. 2023: ChatGpt’s Evolution

In the previous year, individuals employed ChatGPT for various purposes, including email composition, resume enhancement, and even establishing a six-figure enterprise. The evolution of the AI chatbot has paralleled how individuals employ it. One year ago, ChatGPT was exclusively available in a free version, offering comprehensive text-based replies to user inquiries and requests. Users can now subscribe to ChatGPT Plus, which grants them access to ChatGPT-4, the most recent AI chatbot from OpenAI.

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ChatGPT-4, according to OpenAI, has been trained on a greater volume of data, generates fewer erroneous responses, and can comprehend “more nuanced instructions” than its predecessor.

A significant improvement is that the new ChatGPT can “see, hear, and speak,” according to OpenAI.

This enables subscribers to engage in voice conversations and submit images for processing and response via the mobile application ChatGPT.

For instance, one could capture an image of a flower and request ChatGPT to explain the plant’s species and maintenance requirements.

OpenAI has also experienced transformations, most notably a recent reorganization of its leadership.

The board of the startup dismissed CEO Sam Altman on November 17. Hundreds of employees subsequently signed a letter threatening to resign in favor of joining Altman at Microsoft, where he would be in charge of a new AI research team, after the announcement. However, within a week, OpenAI rehired Altman.

Additionally, the organization disclosed on Wednesday that Microsoft, which had previously allocated $13 billion to OpenAI, would be granted a non-voting seat on the board.

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