- OpenAI’s GPT-4o model launched in May
- ChatGPT app revenue soared to $28 million in July
- Net revenue represents post-in-app purchase fees from Apple and Google
- Apple’s App Store accounted for 83% of revenue, up 20% since June
- Gross revenue was $28.9 million in May, $34 million in June, and $39.9 million in July
- GPT-4o brought enhanced capabilities: text, speech, video, faster response times, and interruption handling
- Revenue growth driven by new technology, up 40% in May
- July saw 2 million new paying subscribers
- Advanced Voice Mode anticipated to sustain growth
Main AI News:Â
The introduction of OpenAI’s GPT-4o “omni” model in May has significantly propelled ChatGPT’s app revenue. The model’s debut catalyzed the mobile version of OpenAI’s chatbot to achieve its highest monthly revenue, amassing $28 million in net revenue from the App Store and Google Play in July, as app intelligence firm Appfigures reported. Net revenue denotes the sum retained by OpenAI after deducting Apple’s and Google’s in-app purchase fees. Furthermore, Appfigures noted that Apple’s App Store contributed to 83% of the app’s revenue, marking a 20% increase since June.
Before app store fees, ChatGPT’s app grossed $28.9 million in May, $34 million in June, and $39.9 million in July.
With the GPT-4o model, ChatGPT acquired capabilities to manage text, speech, and video. This innovation offered quicker response times and the ability to be interrupted, thereby making interactions with the AI more human-like and natural. According to Appfigures, this innovation spurred a 40% increase in ChatGPT app revenue in May. Although this growth has moderated slightly, revenue continues to escalate steadily.
In July, the app’s revenue surge enabled the addition of an estimated 2 million new paying subscribers, setting another record for the mobile app. With ChatGPT’s new Advanced Voice Mode, which facilitates nearly real-time, realistic interactions, Appfigures anticipates sustained growth in the forthcoming months.
Conclusion:
The launch of GPT-4o has significantly strengthened OpenAI’s position in the AI-driven chatbot market. The impressive revenue growth and surge in new subscribers reflect the market’s strong demand for advanced AI capabilities. This development indicates a robust future for AI applications in consumer technology, suggesting that continued innovation and enhancement of AI features can drive substantial economic gains. The increased reliance on Apple’s App Store highlights the importance of strategic partnerships and platform dependencies in maximizing revenue streams. For competitors, this serves as a clear signal to accelerate their advancements in AI technology to capture market share and meet the growing consumer expectations.
