65% of Start Ups Are Now Paying for ChatGPT

ChatGPT has become arguably the single most consequential new product of the past few years, and it turns out that it’s enjoying enduring popularity among start ups as well with all things having been considered and taken into account. While the market cooldown has created a situation wherein a number of start ups are struggling to make ends meet, they are still paying for a premium subscription of ChatGPT because of the fact that this is the sort of thing that could potentially end up giving them access to the latest version.

With all of that having been said and now out of the way, it is important to note that a financial consulting firm by the name of KruzeConsulting just put out some data about the start ups in its portfolio. Of the 800 or so start ups that are on its platform, 65% stated that they are paying for ChatGPT. It bears mentioning that the proportion was as low as 3% as of December 2022, which was when the paid version of ChatGPT became available.

This suggests a massive uptick in the number of start ups that are taking an interest in the paid version of this chatbot. It started gaining a lot of traction in early 2023, with ChatGPT Plus becoming an extremely useful tool. It has the ability to make work easier to do than might have been the case otherwise, and as if that wasn't enough, it offers GPT 4 which is considerably more advanced than the GPT 3.5 available in the free version.

GPT Plus also gives users the chance to utilize DALL-E 3. This ability to generate AI images is something that can prove useful in a wide range of scenarios. OpenAI stopped offering subscriptions for ChatGPT Plus last year, prompting some users to offer them on eBay for a marked up price. It is now offering them again at this current point in time, and that means that there will be a flurry of subscribers. Companies can get a customized version of ChatGPT as well that can cater to their precise and specific needs.

Chart: DIW

Read next: 34% of Americans Say They've Never Heard of ChatGPT
by Zia Muhammad via Digital Information World