"As TechCrunch reports, third-party app intelligence firm Apptopia found that ChatGPT's mobile app usage appears to have stopped around the beginning of September - and has actually started to decline since then. Despite only being two-thirds into October, Apptopia warns that ChatGPT global downloads are down over eight percent month-over-month. Even more ominously for OpenAI, data shows that ChatGPT users in the US are spending less and less time with the app, with average time spent per daily active user dropping 22.5 percent since July."
"The data is also limited to mobile data and doesn't include desktop users. However, it does suggest that OpenAI's narrative of explosive growth is fading. Growing concerns over an AI bubble have stoked fear into investors as of late, with even industry insiders warning that large language models like ChatGPT may turn out to be a dead end. Simultaneously, widespread disillusionment with the tech, particularly concerning hallucinations, is becoming more apparent by the week."
Deutsche Bank analysis indicated ChatGPT revenue was plateauing in Europe. Apptopia data showed ChatGPT mobile app usage stopped growing around early September and began declining. Global downloads fell over eight percent month-over-month in early October, while U.S. users' average time per daily active user dropped 22.5 percent since July. Both average time spent and session counts declined, suggesting reduced engagement rather than greater user efficiency. Millions still download the app daily, and mobile metrics exclude desktop usage, but momentum appears to be slowing amid investor worries about an AI bubble and safety concerns around hallucinations and newer models.
Read at Futurism
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