31 ChatGPT Statistics, Users, Facts & Limitations in 2024

31 ChatGPT Statistics, Users, Facts & Limitations in 2024

ChatGPT Statistics, Users, Facts, Usages, Limitations

ChatGPT is taking the internet by storm due to its capability in generating human-like responses and can be used in various applications.

We’ll be discussing the latest ChatGPT statistics, users, facts, and limitations. We also include facts about the ChatGPT company, OpenAI, the funding ChatGPT received, how ChatGPT earns money, and more.

Most Interesting ChatGPT numbers:

  • ChatGPT reached 1 million users in only 5 days of its launch.
  • ChatGPT reached 15 million users after the first month of launch.
  • ChatGPT is estimated to cross 100 million monthly active users in January 2023, just 2 months after its launch.
  • A single chat of ChatGPT costs single-digit cents on average.
  • Microsoft invested 10 billion in ChatGPT.
  • ChatGPT owner OpenAI estimated $1 billion in revenue by 2024 once monetized in 2023.
  • ChatGPT website has over 600 million monthly visits.
  • There are 175 billion parameters in ChatGPT.
  • There are 96 layers in the transformer architecture used by ChatGPT.
  • ChatGPT is trained on 300 billion words or 570 GB of dataset.

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What is ChatGPT?

What is ChatGPT?

ChatGPT is a state-of-the-art language model built on transformer architecture and has been trained on a massive amount of text data from the internet.

GPT stands for Generative Pre-trained Transformer.

ChatGPT is one of the largest and most powerful language models currently available. It is capable of generating human-like text and can answer questions, summarize long texts, translate languages, generate creative writing, and much more.

ChatGPT Users

It is difficult to estimate the exact number of users who are using ChatGPT, as the model is used in a wide range of applications, including chatbots, virtual assistants, content generation systems, research projects, and more.

Additionally, many users may be using ChatGPT through third-party services or applications, which makes it difficult to accurately track the total number of users.

However, given the popularity of AI-powered language models and the increasing adoption of conversational AI in various industries, it’s likely that the number of ChatGPT users is growing rapidly.

Here are some of the stats about ChatGPT users:

1. ChatGPT reached 1 million users in only 5 days of its launch. In contrast, it took Facebook 10 months and Instagram 2 months to achieve this number of users.

Source: Twitter, 5th December 2022

2. ChatGPT reached 15 million users after the first month of launch.

Source: CBS News, 1st February 2023

3. ChatGPT is estimated to cross 100 million monthly active users in January 2023, just 2 months after its launch. In contrast, it took TikTok 9 months and Instagram 30 months to achieve this number.

Source: Reuters, 2nd February 2023

4. OpenAI has reported that its GPT models, including ChatGPT, are being used by hundreds of organizations and millions of users worldwide.

Source: OpenAI, 2023

ChatGPT Statistics

ChatGPT is part of a larger trend of increasingly large and powerful language models that are driving new advancements in natural language processing and machine learning.

Here are the statistics about ChatGPT:

5. There are 175 billion parameters in ChatGPT.

Source: OpenAI, 2023

Source: arXiv:2005.14165 [cs.CL], 22nd July 2020

6. There are 96 layers in the transformer architecture used by ChatGPT.

Source: arXiv:2005.14165 [cs.CL], 22nd July 2020

7. ChatGPT was trained on over 45 terabytes of text data.

Source: Gizmodo, 14th December 2022

8. ChatGPT is trained on 300 billion words or 570 GB of dataset.

Source: Insider, 17th January 2023

9. A single chat of ChatGPT costs single-digit cents on average.

Source: Twitter, 5th December 2022

10. Microsoft invested 10 billion in ChatGPT.

Source: CNBC, 1st January 2023

11. ChatGPT owner OpenAI estimated $1 billion in revenue by 2024 once monetized in 2023.

Source: Reuters, 15th December 2022

12. ChatGPT website has over 600 million monthly visits.

ChatGPT website visitors

Source: Similarweb, 13th February 2023

Facts About ChatGPT

The development of ChatGPT reflects the rapid advancements being made in the field of AI and the growing importance of large language models for a wide range of applications.

Here are some interesting facts about ChatGPT:

13. ChatGPT is one of the largest language models ever created.

Source: OpenAI, 2023

14. ChatGPT is based on transformer architecture, which is widely considered to be state-of-the-art in natural language processing.

Source: OpenAI, 2023

15. ChatGPT is fine-tuned from a model in the GPT-3.5 series, which finished training in early 2022.

Source: OpenAI Blog, February 2023

16. ChatGPT was trained on a massive corpus of text data, allowing it to generate highly coherent and realistic text based on the input it receives.

Source: OpenAI, 2023

17. ChatGPT has been used in a wide range of applications, including chatbots, virtual assistants, content generation systems, and research projects.

Source: OpenAI, 2023

18. ChatGPT has been praised for its ability to generate human-like text, making it a valuable tool for organizations looking to engage with customers and users in a more conversational way.

Source: OpenAI, 2023

19. ChatGPT has passed law school exams despite ‘mediocre’ performance.

Source: Reuters, 26th January 2023

20. ChatGPT has passed US Medical Licensing and Wharton’s MBA exams.

Source: Business Today, 25th January 2023

ChatGPT Limitation

Here are some limitations of ChatGPT, despite its ability to do a lot of things:

21. May occasionally generate incorrect information.

Source: OpenAI, 2023

22. May occasionally produce harmful instructions or biased content.

Source: OpenAI, 2023

23. Limited knowledge of the world and events after 2021.

Source: OpenAI, 2023

24. Cannot access the internet for further information.

Source: OpenAI, 2023

Source: OpenAI, 2023

Facts about OpenAI, the Creator of ChatGPT

Here the facts about OpenAI, the parent company of ChatGPT:

26. OpenAI was founded in December 2015 by Sam Altman, Reid Hoffman, Jessica Livingston, Elon Musk, Ilya Sutskever, Peter Thiel and others.

Source: Wikipedia, 13 February 2023

27. OpenAI is a non-profit research company that is committed to conducting research that benefits humanity as a whole.

Source: Wikipedia, 13 February 2023

28. OpenAI is based in San Francisco, California.

Source: OpenAI, 12th February 2023

29. OpenAI is also the creator of Dall-E, an image-generation AI.

Source: Wikipedia, 13 February 2023

30. Elon Musk was one of the co-founders of OpenAI before he resigned in 2018.

Source: Wikipedia, 13 February 2023

31. OpenAI will reach $29 billion in valuation after Microsoft invests $10 billion in the organization.

Source: Forbes, 19th January 2023

ChatGPT Usages

ChatGPT is used by a wide range of users, including individuals, businesses, and research organizations and as a component or building block in a variety of third-party software applications.

Some common use cases for ChatGPT include:

  • Conversational AI/Chatbots: ChatGPT can be integrated into chatbots to provide human-like interaction with customers and users.
  • Question Answering: ChatGPT can be used to answer questions on a wide range of topics, including history, science, and current events.
  • Content Creation: ChatGPT can be used to generate creative writing, such as fiction stories and poetry, as well as technical writing, such as reports and summaries.
  • Language Translation: ChatGPT can be used to translate text from one language to another, making it useful for businesses and organizations that operate globally.
  • Research and Development: ChatGPT is widely used in academic and industry research, where it is employed to develop new models and algorithms for natural language processing and generation.
  • Virtual Assistants: ChatGPT is used in virtual assistants to provide more natural and conversational interactions with users.

These are just a few examples of the many ways that ChatGPT is being used directly or in third-party software applications. As the field of artificial intelligence continues to evolve, it’s likely that ChatGPT will be used in even more innovative and impactful ways in the future.

ChatGPT Is Developed by Who?

ChatGPT is developed by OpenAI, a non-profit artificial intelligence research laboratory based in San Francisco, California. OpenAI was founded in December 2015 with the goal of advancing artificial intelligence in a responsible and ethical manner, for the benefit of all people.

The organization is widely recognized as one of the leading AI research organizations in the world and has made numerous significant contributions to the field of AI.

ChatGPT is part of the GPT (Generative Pretrained Transformer) series of language models developed by OpenAI, which have been highly successful and widely adopted in a variety of applications, including conversational AI, content generation, and research.

OpenAI continues to invest heavily in the development of its language models, including ChatGPT, with the goal of making them more powerful, sophisticated, and widely useful.

When is ChatGPT Released to the Public?

ChatGPT was first released in June 2020. It is part of the GPT (Generative Pretrained Transformer) series of language models developed by OpenAI, which have been highly successful and widely adopted in a variety of applications, including conversational AI, content generation, and research.

Since its launch, ChatGPT has been updated and improved, with new versions being released regularly. The ongoing development of ChatGPT reflects the rapid advancements being made in the field of AI and the growing importance of large language models for a wide range of applications.

How ChatGPT is Trained?

ChatGPT is trained using Reinforcement Learning from Human Feedback (RLHF), the same methods as InstructGPT but with slight differences in the data collection setup.

How ChatGPT is Trained Image

ChatGPT Funding

OpenAI, the organization behind ChatGPT, is a leading AI research laboratory that was founded in December 2015. The organization has received significant funding from a number of high-profile investors, including Elon Musk, Sam Altman, Greg Brockman, Ilya Sutskever, Wojciech Zaremba, and John Schulman, among others.

OpenAI has also received funding from a number of major corporations, including Microsoft, Reid Hoffman, and others. These investments have been used to support the development of OpenAI’s cutting-edge AI research and the creation of powerful language models like ChatGPT.

It is worth noting that OpenAI is a non-profit organization that is committed to conducting research that benefits humanity as a whole. As such, the funding that the organization has received has been used to support its mission of developing AI in a responsible and ethical manner, for the benefit of all people.

How does ChatGPT make money?

ChatGPT is making money through its ChatGPT Plus Plan. For a monthly subscription fee of $20, users will gain general access to ChatGPT, even during busy periods, experience quicker response times, and have priority access to new features and enhancements.

The Future of ChatGPT

The future of ChatGPT is highly promising, as the demand for AI-powered language models continues to grow in a wide range of industries and applications.

Here are a few ways in which ChatGPT and other language models like it are likely to shape the future:

  • Conversational AI: ChatGPT and other language models are likely to play an increasingly important role in the development of conversational AI systems, including chatbots and virtual assistants, helping organizations to better engage with customers and users.
  • Content Generation: Language models like ChatGPT are already being used to generate a wide range of content, from news articles and reports to fiction stories and poems. As these models continue to improve, it is likely that they will become even more sophisticated and capable of generating higher-quality content.
  • Research and Development: Large language models like ChatGPT are valuable tools for researchers in the fields of natural language processing and machine learning, and they are likely to continue to drive innovation and new discoveries in these areas.
  • Industry Applications: Language models like ChatGPT have the potential to revolutionize a wide range of industries, from healthcare and finance to retail and education. As these models become more sophisticated and widely adopted, they are likely to have a major impact on the way that businesses and organizations operate.

ChatGPT Overview

Launch Date: November 30, 2022

Parent Company: OpenAI

Headquarter: San Francisco, CA

Website: https://chat.openai.com/

Key persons:

  • Sam Altman, CEO of OpenAI.
  • Greg Brockman, President & Co-Founder of OpenAI

FAQ

What is the cost of using ChatGPT?

ChatGPT is free during research preview and costs $20 for ChatGPT Plus.

Who is the creator of ChatGPT?

The creator of ChatGPT is OpenAI, a non-profit research organization.

Sources:

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