In May, OpenAI released its new GPT-4 "omni" model, which has sent ChatGPT’s app revenue skyrocketing. The mobile version of the chatbot has seen a significant increase in revenue after the model’s release, with its biggest month yet in July.
Record-Breaking Revenue
According to data provided by app intelligence firm Appfigures, ChatGPT’s app pulled in $28 million in net revenue from the App Store and Google Play in July. This represents the sum OpenAI keeps after paying Apple’s and Google’s in-app purchase fees. In addition, the firm found that Apple’s App Store accounted for 83% of the app’s revenue, a figure that has grown 20% since June.
Gross Revenue Before Fees
Before app store fees, ChatGPT’s app had grossed $28.9 million in May, $34 million in June, and $39.9 million in July. This significant increase in revenue can be attributed to the capabilities of GPT-4 "omni" model.
Key Features of GPT-4 "Omni" Model
The GPT-4 "omni" model has several key features that have contributed to its success:
- Multimodal Capabilities: ChatGPT can now handle text, speech, and video, making it a more versatile and effective tool.
- Faster Response Times: The chatbot’s response times are faster than before, allowing for more efficient interactions with users.
- Interruptible Conversations: Users can interrupt the conversation at any time, making interactions feel more human-like and natural.
Revenue Growth
Demand for this new technology has driven ChatGPT app revenue growth up by 40% in May. While growth has slowed slightly since then, revenue continues to climb at a healthy pace.
New Subscribers
With the revenue generated in July, Appfigures estimates that ChatGPT saw the addition of 2 million new paying subscribers. This is another new record for the mobile app.
Future Growth
The arrival of ChatGPT’s Advanced Voice Mode, which offers nearly real-time, realistic interactions, is expected to continue driving growth in the months to come.
Conclusion
The success of OpenAI’s GPT-4 "omni" model has sent ChatGPT’s app revenue soaring. With its multimodal capabilities, faster response times, and interruptible conversations, the chatbot is becoming an increasingly popular tool for users. As the technology continues to evolve, it will be interesting to see how revenue growth unfolds in the coming months.
Recommendations
- Developers and businesses should take note of the growing demand for AI-powered tools like ChatGPT.
- The key features of GPT-4 "omni" model, such as multimodal capabilities and faster response times, should be considered when developing similar technologies.
- The potential for revenue growth in this space should not be underestimated.
Further Reading
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