Friday, August 18, 2023

Generative AI Is Growing Faster Than the Smartphone

ChatGPT’s startling rise to the top has been quite unexpected, but ever since it was released in November 2022, it has only become ever more prominent with all things having been considered and taken into account. ChatGPT and other generative AI like it are becoming some of the most popular tech products out there, and a recent report from InsiderIntelligence revealed that generative AI could have as many as 77.8 million users by November of 2024.

This will mark two years since the public launch of ChatGPT. With all of that having been said and now out of the way, it is important to note that no other new piece of tech has managed to gained this many years this quickly. If we take a look at ChatGPT alone, it reached 100 million users in just 2 months. The smartphone needed more than two years to reach the same threshold, which just goes to show how unprecedented ChatGPT’s growth rate has been so far.

As for tablets, they took 2 years to hit the 75 million user mark. That reveals that ChatGPT has outpaced two of the most consequential technological advancements in human history, and it will be interesting to see where its growth rate goes from here on out.

One thing that might be contributing to its dramatic rise is that you don’t need to buy any new hardware in order to be able to use it. All you need is a computer or a phone, and this decreases the barrier for entry by a large margin.

13.5% of the younger generations, namely Millennials and Gen Z, have already started using generative AI and ChatGPT on a regular basis. The influx of new users can create countless new opportunities for marketers who will be looking to capitalize on the latest trend. As Gen Z continues to grow, chances are that the usage of generative AI will skyrocket. We may be at the precipice of a paradigm shift on par with what happened with the internet, and it is occurring at a far more rapid pace with a tremendous growth rate.

Generative AI adoption climbed faster than smartphones, tablets

Read next: AI Has Already Attained Widespread Usage in These Professions
by Zia Muhammad via Digital Information World

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