recently,Goldman SachsA report released by analyst Peter Oppenheimer sparked a dramatic market reaction to OpenAI's ChatGPT Traffic has seen a significant drop. This was also reported in the Financial Times, which has caused many investors to become concerned about the future of AI-related stocks.
However, all of this is actually due to a cheap mistake Goldman Sachs made when analyzing the data. Goldman Sachs used data from Similarweb, but ignored the fact that OpenAI recently changed its domain name from chat.openai.com to chatgpt.com. Due to this domain change, the original traffic naturally decreased.
In fact, the latest data from Similarweb shows that ChatGPT's usage is the opposite of what Goldman Sachs reported. The data shows that ChatGPT's users have grown by 66.21 TP3T over the past year and remains the most popular generative AI app. While other competitors such as Anthropic's Claude and Perplexity are catching up, they have not yet been able to catch up with ChatGPT.
OpenAI also recently announced that it reached 200 million weekly active users, doubling its November 2022 figures. The company's enterprise business is also growing steadily, with demand for using OpenAI models via APIs on the rise. Additionally, many Microsoft applications are using OpenAI's technology, such as GitHub Copilot, which has been performing equally well recently.
Of course, OpenAI has encountered some challenges in its development, such as communication problems and dissatisfaction among security researchers, as well as high operational costs. But for now, lack of demand is not a challenge for OpenAI.
OpenAI is expected to generate between $3.5 billion and $4.5 billion in revenue this year, according to one analysis, which is pretty significant for a company that won't begin serious commercial operations until the end of 2022. However, the cost behind that could be as high as $8.5 billion.