OpenAI’s ChatGPT Witnesses Decline In Users For Third Consecutive Month: Report

Popular artificial intelligence chatbot ChatGPT has experienced a contraction in traffic for the third consecutive month in August, according to analytics firm Similarweb. However, new signs suggest that the decline is coming to an end.

According to a Reuters report, OpenAI’s highly acclaimed chatbot saw a traffic reduction by 3.2 per cent to 1.43 billion in August, which was followed by approximately 10% drops from each of the previous two months.

Also read: Goldman Sachs To Lay Off Employees In Fresh Round Of Job Cuts: Report

The report further revealed that the amount of time users spend on the website has also been declining since March, from an average of 8.7 minutes on site to 7 minutes on site in August.

However, August saw worldwide unique visitors ticking up to 180.5 million users from 180 million. In August, there was slightly increase in the number of unique visitors 

"Students seeking homework help appears to be part of the story: the percentage of younger users of the website dropped over the summer and is now starting to bounce back," said David F. Carr of Similarweb, who regularly tracks ChatGPT and its competitors.

The reason behind a sudden decline in traffic could be the rising number of rivals in the market. A few ChatGPT competitors, including Google's Bard chatbot, have been launched this year. Microsoft's search engine Bing also provides a chatbot powered by OpenAI for free.

ChatGPT is a free website, however, it also provides a subscription premium of $20 a month. Besides ChatGPT, OpenAI makes money by selling access to its AI models for developers and enterprises directly and through a partnership with Microsoft, which invested over $10 billion into the company, according to a Reuters report.