"The launch of ChatGPT by OpenAI in November 2022 marked a turning point in the AI landscape, igniting the broader AI boom. This generative AI tool demonstrated practical applications for everyday users, from content creation to coding assistance, sparking massive public interest and investment. Tech giants poured billions into AI development, while startups flooded the market, driven by the promise of transformative technology. Venture capital funding in AI surged, and stock prices for related companies skyrocketed amid hype around machine learning advancements."
"Gemini has reached over 650 million monthly active users , highlighting its rapid adoption. In contrast, ChatGPT reports around 800 million weekly active users. However, because these metrics are measured differently, Gemini's monthly figure may better reflect sustained engagement, while ChatGPT's weekly number could include more short-term or repeat interactions. This growth shows Gemini is catching up quickly and could soon overtake ChatGPT as it continues to scale."
"Industry observers point out Gemini's impressive expansion rate, fueled by iterative improvements and broader ecosystem integration. Unlike ChatGPT, which relies on standalone access, Gemini benefits from seamless embedding across Alphabet's products, like Search and Workspace. This integration drives organic growth without heavy marketing. Gemini is quickly gaining ground on its rival, providing the opportunity to narrow the user gap soon. With ongoing enhancements, such as better reasoning and faster response times, Gemini positions itself for exponential increases in adoption."
The November 2022 release of ChatGPT triggered broad public interest in generative AI by showing practical uses like content creation and coding assistance. The surge prompted heavy investment from tech giants, a wave of startups, and rising venture capital and stock valuations in AI. Alphabet launched Gemini in late 2023 and rapidly expanded its capabilities, including improved multimodal processing. Gemini has grown to over 650 million monthly active users and benefits from integration with Alphabet services such as Search and Workspace. Ongoing enhancements in reasoning and response speed bolster Gemini's ability to close the gap with ChatGPT and increase adoption.
Read at 24/7 Wall St.
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