OpenAI is about to reach 700 million weekly active users for ChatGPT this week, up from 500 million in March. This growth is more than four times higher than last year.
The count includes all ChatGPT products, free, Plus Pro, Enterprise, Team, and Edu and users send over three billion messages each day.
The growth rate is picking up, compared to a 2.5 times increase at this time last year.
According to CBNC, Nick Turley, VP of Product for ChatGPT, said that “every day, people and teams are learning, creating, and solving more complex problems,” while announcing this achievement.
OpenAI now has five million paying business users, up from three million in June, as more businesses and educators start using AI tools.
However, ChatGPT still needs to grow to match the user numbers of Google’s AI search product, AI Overviews.
This product has about two billion monthly users in over 200 countries, according to Alphabet CEO Sundar Pichai. The Gemini App, another AI chatbot, now has over 450 million monthly users.
Last week, OpenAI announced it secured $8.3 billion from top investors like Dragoneer Investment Group, Andreessen Horowitz, Sequoia Capital, Coatue Management, and Altimeter Capital.
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This funding is part of a SoftBank-led $40 billion round, which was completed early and was five times oversubscribed.
OpenAI’s annual recurring revenue is now $13 billion, up from $10 billion in June, with plans to exceed $20 billion by year-end.
Even at a $300 billion valuation and a run rate of $20 billion, OpenAI needs more funds to support its global growth.
OpenAI’s joint venture with SoftBank, Oracle, and MGX, called Stargate, plans to invest up to $500 billion in AI infrastructure over four years.
OpenAI has also signed a $30 billion-per-year lease with Oracle for 4.5 gigawatts of data center capacity in the U.S.
It has a five-year, $11.9 billion deal with CoreWeave and is expanding into Europe with Stargate Norway.
Additionally, it is working with Emirati firm G42 to build a large data center in Abu Dhabi.
Other companies in the AI field are also making significant moves.
