Skip to content
Stocks:
4,977
ETFs:
2,264
Exchanges:
11
Market Cap:
$73.25T
24h Vol:
$6.52B
Dominance: AAPL:
4.87 %

Gemini AI's App Debut Month Sees 633k Installs, Falling 1 Million Short of ChatGPT App

user image

By Edith Muthoni

Updated Mar 26, 2024

As reported by Stocklytics.com, Gemini AI’s app garnered 633K installs in March 2023. However, these numbers placed Gemini behind ChatGPT’s debut by a notable margin of 1 million installs. ChatGPT registered over 1.6M downloads during its first month.

Stocklytics financial analyst Edith Reads commented on the data,

Gemini AI’s initial performance, while commendable, highlights the formidable lead established by its rival ChatGPT. Notably, the latter produces more detailed and complex responses to user prompts, showcasing a depth of understanding and sophistication unparalleled in the current market landscape.

Stocklytics Financial Analyst Edith Read

Emergence of Generative AI Models

The chatbot trend started with Microsoft-backed OpenAI’s announcement of ChatGPT-3 in late 2022. Within just five days of its release, it amassed over a million users, establishing itself as the fastest-growing internet service at the time. Later, google decided to release an early version of its AI model, Bard on March 21, 2023. 

ChatGPT and Google Bard received frequent updates throughout 2023, with better availability, language support, and advanced features. OpenAI released its most advanced chatbot version, ChatGPT-4. On the other hand, Bard received its most significant upgrade, Gemini Pro. With the arrival of the Gemini app on Android phones, Google officially rebranded Bard as Gemini.

GPT-4, OpenAI’s latest iteration of its Large Language Model (LLM) was developed following the enormous success and widespread adoption of GPT-3 and GPT-3.5. Compared to previous iterations, GPT-4 is more creative and accurate while also being safer and stabler.

How Does Gemini Compare to ChatGPT?

When compared, the two generative AI models excel in summarization, purchase recommendations, and travel planning tasks. Despite ChatGPT’s established dominance, Gemini’s progress and integration into Google’s ecosystem present a formidable challenge.

Both chatbots boast strikingly similar interfaces and versatile functions to handle a range of queries and tasks. However, what sets Gemini apart is its connection to Google’s real-time search results and relevant Google app extensions. Unlike ChatGPT, which has a knowledge cutoff of April 2023, Gemini can respond to users’ queries with current Google search results and data as supporting resources. To enable internet access for ChatGPT, users can use Copilot, which harnesses GPT 4 with Bing search or opt for ChatGPT Plus.

3D Email Image

Sign up for our newsletter

Join our exclusive community of over one million investment enthusiasts and receive our free newsletter filled with analysis, news, and updates every weekday.

...
Successfully subscribed
Stocklytics Logo

© 2024 Stocklytics. All rights reserved.

Disclaimer: The information provided by Stocklytics is for general informational purposes only and should not be considered as investment advice. We make no representation regarding the completeness or accuracy of the data, and it should not be relied upon for investment decisions. Use of this tool is at your own risk, and we are not liable for any loss or damage arising from its use.