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ChatGPT Statistics: Users, Growth, Revenue & More (July 2024)

ChatGPT Statistics: Users, Growth, Revenue & More (July 2024)

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Officially launched on November 30, 2022, Chat GPT (Chat Generative Pre-trained Transformer) is the latest free-to-use LLM or Large Language Model by OpenAI and a tool that I use daily.

This incredible tool is able to create grammatically correct and intelligent writing and code with a maximum of 4096 characters per reply which I find just astonishing!

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ChatGPT has taken the world by storm with its robust capabilities that have been employed in both business, education, and the IT industry.

With this in mind, I wanted to take a closer look at key ChatGPT statistics!

As Open AI launches its ChatGPT Enterprise on Aug 8, 2023, an estimated 80% of major Fortune 500 companies are expected to utilize ChatGPT in their business operations permanently.

Also, see our post on the best AI tools for business and marketing.

Key ChatGPT Statistics 2023-2024

  • Current models of ChatGPT are trained with an estimated 570 gigabytes of text data or roughly 300 billion words with an additional 100 trillion parameters. ( Wired )
  • The current model is estimated to have only had 34 days of training. ( ToolTester )
  • ChatGPT gained 1 million users in its first week after launch. ( Reuters ) Previously the fastest growing user base to have done so had a record of 5 days. This has since then been overtaken by Meta’s Threads on July 6, 2023, with a record of 1 hour. ( Oneida )
  • Currently have 173 million average users with 1 billion site visits per month. ( Nerdynav )
  • ChatGPT has an estimated monthly 80 million dollars in revenue in 2023 with a projected total annual revenue of  1 billion dollars by 2024. ( Bloomberg )
  • An estimated 700,000 USD per day is the average daily infrastructure cost to run ChatGPT according to Business Insider. ( BusinessInsider )

ChatGPT Capabilities

  • ChatGPT is currently trained in over 95 natural languages. (Seo.AI)

Depending on the version of OpenAI’s ChatGPT, and the payment plan associated with the account, the user is able to access several functions. ChatGPT Plus offers more tools than the free version of ChatGPT.  Free use of ChatGPT functions on the GPT 3.5 model while paid plans operate on GPT – 4.


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Each version of the program is capable of parsing a set amount of data with GPT-4 versions capable of interpreting images along with text —and coding languages such as Python, Javascript, C++, and several others. In summary, ChatGPT can generate creative works and responses. This is accomplished by submitting a text prompt to ChatGPT.

ChatGPT’s capability estimates are based on the maximum number of queries it can parse in the English language. Limitations of replies can be attributed to not only specific programming limits associated with the account but also to the official ChatGPT API employed by OpenAI for user safety. Lack of available data in specific cases may also contribute to fewer replies to queries.

The maximum capabilities of all available versions without losing context are listed below:

GPT – 3.5 GPT – 4 8k GPT – 4 32k
Maximum context length (per request) 4,096 8,192 32,768
Estimated Number of English Words (per request). ~3,000 ~6,000 ~24,000
Estimated number of Pages (Single Spaced) ~6 ~12 ~50
  • ChatGPT Enterprise is currently using GPT – 4 32k. ( Just Creative )
  • Some of ChatGPT’s replies may sound plausible but upon fact-checking data and descriptions have been manufactured instead. ( Spectrum.ieee.org )

User Numbers: Statistics and Facts

Total percentage users by country

Image Source: Just Creative Data Source: Similarweb 

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Currently, ChatGPT is available in 161 countries ( Open.AI ) except for the following countries with no access to ChatGPT:

  • China
  • Russia
  • Ukraine
  • Belarus
  • Venezuela
  • Afghanistan
  • Iran

The highest percentage of current users are in the United States, amounting to 12% of total active users.

  • ChatGPT user base views an average of 4.26 pages per visit, with an average of 8 minutes and 32 seconds. ( NerdyNav )
  • The average bounce rate of ChatGPT is 38.67%. (ExplodingTopics)

Average Age of ChatGPT users

Image Source: Just Creative Data Source: Statista

  • The highest percentage of ChatGPT users are between the ages of 25 to 34. The second highest being between the ages of 18 to 24. ( Statista )
Month Estimated Number of Visits
November 2022 100 million
December 2022 266 million
January 2023 616 million
February 2023 1 billion
March 2023 1.6 billion
April 2023 1.8 billion
May 2023 1.8 billion
June 2023 1.6 billion

OpenAI Finance, Valuation, and Revenue Statistics

  • As of April 29, 2023, Open AI has an estimated valuation of 27 – 29 billion dollars. (TechCrunch)

ChatGPT itself has an estimated monthly revenue of 80 million dollars with a projected total annual revenue of 1 billion dollars by 2024. Governments are also taking note of CEO Sam Altman being given the first golden Visa by the Indonesian government on September 3, 2023.

  • OpenAI has raised funding totaling 11.3 billion dollars from 9 funding rounds with the latest concluding on August 14, 2023. (Crunchbase)

Notably, they raised funding for 100 million dollars with Microsoft on May 26, 2021. A year before ChatGPT’s Public Release. This statistic highlights the number of investors for ChatGPT.

Latest Investors Open AI 

Investor Name Funding Round
Arrowshare Venture s Venture Round – Open AI (Aug 14, 2023)
Thrive Capital Venture Round – Open AI (Apr 28, 2023)
SVA Venture Round – Open AI (Apr 28, 2023)
Andreessen Horowitz Venture Round – Open AI (Apr 28, 2023)
Founders Fund Venture Round – Open AI (Apr 28, 2023)
Alphabet Venture Round – Open AI (Apr 28, 2023)

(Data Source: Crunchbase )

  • OpenAI has a total of 17 total investors collected from 9 rounds of funding. ( Crunchbase )
  • OpenAI has a total of 6 total investments with the latest concluded on July 24, 2023. ( Crunchbase )

Keyword Statistics and Search Engine Research

Keyword Volume
chatgpt 79,911,487
chat gpt 51,017,768
chat gpt login 2,840,693
chatgpt login 2,217,723
chat openai 1,249,138

Source: Similarweb

Dangers, Ethical and Privacy Concerns, Litigation, and Controversy

Filed on Wednesday, June 28, 2023, OpenAI has been met with a class action by the California federal court for the alleged data scraping of “ massive amounts of personal data from the internet”. According to the complaint, OpenAI and ChatGPT’s model have caused privacy concerns as well as alleged illegal use of copyrighted work with their handling of data in the training of its model.

Privacy concerns are also tantamount in the corporate setting with several companies such as Amazon, Apple, and Spotify discouraging the use of ChatGPT in a work setting for the potential leaking of confidential information. A concern that OpenAI acknowledges in their new product ChatGPT Enterprise, promising a more secure network for companies while offering ChatGPT’s advanced capabilities.

In addition, concerns and criticisms in regard to the use of ChatGPT in education have been proposed. Students cheating with the help of ChatGPT is a topic of concern with educators and teachers having mixed reactions. Some teachers integrate the technology into their classrooms, while others employ a ChatGPT Detector to check their coursework with mixed results.

A major concern with ChatGPT however is its potential committing cybercrime. According to a study conducted by Statista, 51% of IT professionals and cybersecurity decision-makers predict that ChatGPT will be used to commit a major massive cybercrime by the end of the year 2023.

OpenAI CEO Sam Altman in an interview also acknowledged that the technology can be used to promote advanced cybercrime attacks such as wide-scale scams:

“That’s going to be a real problem and a real problem soon. It’s not just as parents, it’s thinking about our own parents who are already disproportionately victims of these ransom phone calls. I think we just all need to start telling people this is coming. You can’t trust a voice you hear over the phone anymore.” – Sam Altman, Time (June 21, 2023)

However, in spite of these dangers, he expressed optimism in the technology and the ability of society to adapt concluding that “- society is capable of adapting, as people are much smarter and savvier than I think a lot of the so-called experts think.”

ChatGPT Statistics and Facts Conclusion: A New Artificially Intelligent Future

As the year comes to a near close, 2023 has been a remarkable year for Chat GPT, with exponential growth in its user base and revenue. The platform has surpassed expectations, reaching 100 million users and counting in just a few months and showing no signs of slowing down.

Upon its unveiling on Nov 30, 2022, ChatGPT has become a significant precedent to the capabilities of AI, changing society twice over. 

As more and more advancements in technology as well as Chatgpt alternatives hit the market in the coming months,  time will tell whether competitors to ChatGPT can overtake the surprise giant or be left behind in innovation.

In summary, Chat GPT’s statistics and growth in 2023 showcase the incredible potential of AI chatbots as well as their capabilities in an ever-changing technological landscape. With a rapidly expanding user base, impressive financial achievements, and ongoing advancements, Chat GPT is undoubtedly a force to be reckoned with in the tech world.


Glossary:

  • AI (Artificial Intelligence) Programs and software that have been developed to mimic human intelligence.
  • Machine Learning – A branch of computer science that studies and enhances artificial intelligence by mimicking human learning. By feeding an artificially intelligent program large amounts of data, they are then “trained” to accomplish complex processes.
  • Neural Network – A type of machine learning that employs a network of multiple processes that act as an artificial mind. Rather than a single process of input or output, Neural Networks are a series of said processes to enable advanced artificial thinking.
  • LLM (Large Language Model) – A type of artificial intelligence whose primary function is to learn and employ languages. LLM is then capable of multiple tasks such as correcting grammar, creating new text, and immediate translation.
  • GPT (Generative Pre-trained Transformer) – A type of LLM introduced by OpenAI that utilizes transformer-based neural networks. Introduced in 2018, the latest GPT models, GPT 3.5 and GPT 4 are the current models on which Chat GPT is operating.
  • Transformer –  A type of neural network that ascribes soft values to words and other languages (such as code) to create logical conclusions. This enables the software to mimic human speech with accuracy.

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