ChatGPT grows user base to over 1.1 billion but its market share is shrinking | Infinium-tech

OpenAI’s ChatGPT got an early start in the AI ​​chatbot race, solidifying its dominant position over the years. However, that is coming to an end now. For the first time, ChatGPT now has less than 50% of the AI ​​chatbot pie, as its competitors have made massive progress recently.

By May, ChatGPT’s market share had dropped to 46.4%, followed by Gemini (27.7%) and Cloud (10.3%). 46% market share is still impressive, but let’s not forget that ChatGPT started at 100% so many years ago.

On the other hand, more and more people are using AI chatbots, with ChatGPT crossing the 1 billion monthly active user mark and reaching 1.1 billion earlier this month. Not only is it the first AI chatbot to reach that number, it is the fastest growing online app/service ever. Gemini now has 662 million monthly active users, and the cloud has 245 million.

Interestingly, people are more likely to switch between bots. In the first half of this year, spending on these apps increased to $4.2 billion, which was only $1.83 billion in the first half of last year. The cloud has the highest number of paid users at 13% of its total users, which is undoubtedly helped by its very aggressive usage limits on the free plan.

ChatGPT, on the other hand, has been steadily increasing advertising, and as of May was serving ads to an average of 17% of its daily users. It is also using referral links from Target, Walmart, and Costco.

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