ChatGPT downloads are slowing - and may cause problems for OpenAI's IPO
Briefly

ChatGPT downloads are slowing - and may cause problems for OpenAI's IPO
"ChatGPT experienced a 132 percent increase in uninstalls year-over-year in April, with an even higher rate of 413 percent last month following OpenAI's deal with the Pentagon."
"While ChatGPT is still growing its user base, its monthly active users increased by 168 percent in January, but only 78 percent in April, indicating a significant slowdown."
"OpenAI recently missed its own internal targets for new users and revenue, sparking worries among leaders that the company might not be able to pay for future computing contracts."
ChatGPT is facing a slowdown in growth as users uninstall the app and turn to rival chatbots. Uninstalls increased by 132 percent year-over-year in April, with a staggering 413 percent rise last month. Monthly active users grew by 168 percent in January but only 78 percent in April. While ChatGPT maintains a larger user base than competitors, its growth is lagging behind Claude's. OpenAI is also concerned about missing internal targets for new users and revenue, raising doubts about future financial stability amid plans for an IPO.
Read at The Verge
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