What ChatGPTs 1 Million Paid Users Mean for Its Future Valuation and Pricing?

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As a seasoned researcher with over two decades of experience in the field of artificial intelligence and technology, I have witnessed the evolution of AI from a distant curiosity to a ubiquitous presence that’s shaping our world. The recent surge in popularity of OpenAI’s ChatGPT, reaching 1 Million paid users, is nothing short of remarkable.

One standout project from OpenAI, ChatGPT, is once more capturing attention, not just for its features, but because it reached 1 million paid users on September 5. This AI chatbot’s achievement marks a significant step in AI’s global influence, inspiring numerous well-known companies such as Google, Meta, and many others to delve into this technology. Furthermore, with this milestone, it has undeniably established itself as a leader in the industry.

As a crypto investor, I’ve noticed an exciting buzz surrounding AI not just generally, but also within our digital currency world. The demand for AI tokens is sky-high. Yet, it’s important to note that the dip in NVIDIA stocks has cast a shadow on this sector as well, causing some turbulence in the market.

ChatGPT Bagged 1 Million Paid Users

OpenAI offers both free and premium options, yet a million users have chosen the paid version. This preference is likely due to its regular upgrades and addition of sophisticated features. In February 2023, the company launched the Plus plan, ensuring access to all future updates, exclusive features, and even the most recent advancements.

Furthermore, an Axios report published in August 2024 disclosed that ChatGPT’s active users had doubled within a year, exceeding the 200 million threshold. Despite this significant user growth, the company valuation has fallen short of projections, with sales totalling just $3.4 billion by May 2024.

As an analyst, I’ve delved into the analysis of Reuter’s April data, and I must say, the number of paid users has significantly spiked by over 67%. Initially, we were looking at a base of 600,000, but that figure has now grown considerably. Despite the competitive subscription landscape, it’s worth noting that our AI bot, notably the Copilot Pro and Google AI, holds its ground, offering superior performance.

It’s worth noting that, according to a survey of 4,700 premium users, this AI bot has found significant use across both corporate and educational sectors. Its abilities in research, drafting, and summarizing have positioned it as a valuable tool within these industries, leading to an anticipated increase in user numbers.

As an analyst, I can share that my Plus subscription currently costs me $20 monthly, granting me early access to cutting-edge tools like GPT-40 and DALL-E 3, among others. However, it’s essential to note that the cost is poised to increase significantly in the future due to the arrival of even more sophisticated AI models.

Open AI Valuation To Hit $100Billion With Subscription Surge

Previously, it was disclosed that OpenAI may increase the subscription fee for their forthcoming AI models such as Strawberry, Orion, and other big language models.

Following Elon Musk’s xAI’s release of its Grok-2AI assistant, a significant competitor of OpenAI, this technology was unveiled to the public. This updated version of xAI’s Grok is accessible only to X premium users. Notably, according to an insider source, the company intends to bill up to $2,000 per month for newer models.

This shows that the company strongly believes in the value of their AI bot, as the monthly fee of $2,000 is substantial and could significantly contribute to its overall worth. Furthermore, given Apple and NVIDIA’s involvement in OpenAI funding rounds, a valuation of $100 billion is expected.

Moreover, it’s worth noting that Microsoft, owning a 49% share, is also participating in the current investment round. This latest move represents another substantial achievement, given that the tech titan has already injected around $13 billion into this company over the past four years.

Final Thoughts

OpenAI is planning to significantly raise the price of its Plus subscription from the current $20 per month to a more substantial $2000 per month, following a surge in paid ChatGPT users reaching 1 million. This represents a massive increase of 67% compared to April data, where only 600 thousand users were reported. Notably, Microsoft, Apple, NVIDIA, and other major companies have shown interest in investing in this platform, potentially pushing OpenAI’s valuation towards the $100 billion mark during upcoming funding rounds.

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2024-09-07 15:48