ChatGPT On Fire As It Generates Its Highest Ever Revenue After Reenabling Paid Subscriptions

It would not be wrong to mention that OpenAI is experiencing plenty of success as the year 2023 comes to a close.

The company’s popular AI tool ChatGPT continued to experience uncontrolled growth and that forced its parent firm to make some drastic decisions. This included a temporary pause in paid subscriptions due to some massive scaling problems.

The result was a sudden halt to the company’s revenue growth and that meant saying hello to a huge drop in revenue for the organization.

Thankfully, Sam Altman managed to find a solution to the issue by discovering some more GPUs, and that led to ChatGPT taking on a list of new subscribers. That’s great because if the pause continued to arise at that rate, revenue was certainly not looking too great.

So what does this all mean, at the end of the day. Well, definitely a lot of figures, that’s for sure!

Seeing subscriptions get back on track has forced ChatGPT to attain its greatest revenue for a single day in the history of the app. And that’s some massive news.

As per estimates generated by App Intelligence/AppFigures, ChatGPT managed to attain a massive $297K. This is a net figure for profits and that means the share that OpenAI gets to keep after both Google and Apple take shares. And we’re talking about the same day that we saw the company reopen subscriptions again, allowing a massive 31% rise from what was seen just one day prior.

This was a small warm-up. And that’s because the figures for net revenue then jumped to a staggering figure of $411K and no guesses here as that’s the biggest figure for profits generated in a single day. The company even ended up beating its own records from the past by a staggering 28%.

This is a major comeback and we wouldn’t be wrong to mention that it’s not the least bit shocking. It’s a wonderful development for the firm in terms of growth, but experts predict that plenty of challenges lay ahead for the organization.

Remember, the competition continues to stiffen up as all leading tech giants are on the rise to launching large language models. We cannot forget how OpenAI also needs to address the huge churn in some manner as well.

While it’s nothing bad, it’s surely going to be intriguing to watch.

Read next: World’s Most Downloaded Apps In Nov 2023: ChatGPT Makes History After Cracking The Top 10 List For The First Time

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