00:13:35 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 8,750,000
Close 2023-07-06 C$ 25.44
Market Cap C$ 222,600,000
Recent Sedar Documents

Globe/wire say Microsoft-backed ChatGPT's growth slows

2023-07-06 08:10 ET - In the News

The Globe and Mail reports in its Thursday, July 6, edition that ChatGPT, the popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. A Reuters dispatch to The Globe reports that worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7 per cent in June from May, while unique visitors to ChatGPT's website dropped 5.7 per cent. The amount of time visitors spent on the website was also down 8.5 per cent, Similarweb data show OpenAI did not immediately respond to request for comment. Microsoft was a big back of ChatGPT. ChatGPT set off a frenzied use of generative AI in daily tasks from writing to coding and reached 100 million monthly active users in January, two months after its launch. It is the fastest growing consumer application ever, and now boasts over 1.5 billion monthly visits, one of the top 20 websites in the world. The slowdown in growth might help control the cost in running ChatGPT, which requires intensive computing power to answer queries.

© 2024 Canjex Publishing Ltd. All rights reserved.