# ChatGPT will become a money-printing machine.

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2023-04-03
**URL:** https://paragraph.com/@durwin/chatgpt-will-become-a-money-printing-machine

## Content

ChatGPT is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study published last month.ChatGPT got 100M users in 2 months. It set the record for fastest-growing user base ever. Let me tell you why that is amazing. Here are the stats for fastest growing user base ever (to 100M users). The Internet took 7 years. FaceBook took 4.5 years. Whatsapp took 3.5 years. Instagram took 2.5 years. TikTok took 9 months (we all thought that was pretty hard to beat didn’t we?). ChatGPT took 2 months.The sensational growth of ChatGPT specifically, has raised hopes and eyebrows alike.Chatgpt is probably the singular more important invention in 2023. It opened our minds on what is possible. It will save us time, money and resources. It made us rethink the hard fundamentals of our life. We are one step closer to sentient AI because of this. People love it. “SimilarWeb’s data for December suggests a 7 minute average duration for a visit. This compared healthily to Facebook, at 9.5 minutes and Wikipedia at nearly 4 minutes, but was far behind YouTube at 20 minutes or Google at more than 10.” Honestly, ChatGPT will not replace major things so quickly.What contributed to the simply astounding, breathtaking growth of ChatGPT in such a short time?But it will slowly and eventually. Adoption takes time to spread and ChatGPT needs time to mature too as a product. Once the underlying layer of tech, user interface and data that it mines from gets perfected, it will be truly “invisible”. In other words, you will be using ChatGPT or OpenAI but you won’t even realise it. Do you stop to think about how Visa or your fridge works before actually using it? No way, you just use it naturally. This is the promise of ChatGPT or OpenAI. It’s an extremely powerful, yet invisible tool that will allow us to achieve things that we never thought possible before. The possibilities are truly endless and it will be exciting to see what this revolutionary invention brings forth in the coming years.The war for the future of AI has already begun decades ago. Who will prevail?Let’s talk money now. ChatGPT has always been free. It is a smart strategy to grow the user base rapidly first. They have just announced a Plus version that has a $20 monthly subscription plan. It allows access during peak times, faster responses and priority access to new features. The average user probably won’t pay for it. But if you use it for work, research, writing and need the faster response time and sharper functionalities, it might be worth the buck. Even if 5% of their 20M American users pay for it, that’s 1M x $20 = $20M revenue per month.Microsoft made huge bets years ago on OpenAI, and it seems to be paying off quite well.I am speechless at the sheer numbers ChatGPT is producing. Even with its current tech and pace, it has the potential to command billions in revenue. Imagine what will happen when GPT-4 is released? Will there be a potential enterprise version catered specifically to the large companies? I think Microsoft snagged a good deal by acquiring 49% of OpenAI. The race for the future of AI is heating up, and they got their money on a really good horse. - Has Microsoft won the AI race? - #startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #chatgpt #gpt4 #microsoft #openai #chat #generativeAI #ai #revenue

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