OpenAI’s ChatGPT mobile app has set a new revenue record, showcasing the immense demand for the advanced conversational AI technology. According to analytics company Appfigures, the app’s net revenue for July was $28 million, marking the highest monthly figure since its launch.
The Rise of GPT-4o
The primary driver behind this remarkable growth was the release of the new GPT-4o model in May. This updated version of the AI system significantly expanded the chatbot’s capabilities, allowing it to process text, speech, and video with faster response times and the ability to interrupt a conversation. Notably, the new neural network is available to both paid and free users, further expanding the service’s reach and appeal.
Impressive Revenue Figures
Before deducting fees from the Apple App Store and Google Play, the ChatGPT app earned $28.9 million in May, $34 million in June, and $39.9 million in July. Interestingly, 83% of the app’s revenue came from Apple’s App Store, a 20% increase from June.
According to Appfigures, the demand for the new technology helped the app’s revenue grow by 40% in May. While the growth rate has slowed slightly, revenues continue to rise steadily. As a result, ChatGPT managed to attract 2 million new paid subscribers in July, setting another record for a mobile app.
OpenAI expects that with the introduction of a new advanced voice mode capable of providing realistic interactions in near real-time, interest in GPT-4o will only increase, and revenue growth will continue in the coming months, adds NIX Solutions. We’ll keep you updated on the app’s continued success and any further advancements in the technology.
The remarkable performance of the ChatGPT mobile app is a testament to the rapid advancements in conversational AI and the growing public interest in these innovative technologies. As OpenAI continues to enhance the platform, it’s clear that the future of AI-powered digital assistants is poised for even greater success.