Interest in ChatGPT Has Fallen by 50% in Just 1 Month

The impressive trajectory of OpenAI’s ChatGPT has encountered a significant obstacle, witnessing a notable downturn in its momentum. A recent in-depth analysis conducted by Stocklytics.com has unveiled a substantial 50% decrease in interest over the past month, underscoring the anticipated plateau following the swift ascent of artificial intelligence.

As of November 30th, 2023, the search interest for ChatGPT stood at 88; however, it has since experienced a marked decline, plummeting to a current level of 44. This downturn in interest reflects a recalibration in the AI landscape as the initial fervour begins to level off.

Edith Reads, the site’s financial analyst, comments:

The entry of ChatGPT into the tech arena was revolutionary. However, the ChatGPT fever seems to be regressing with time, emphasizing the natural evolution of technology once the novelty wears off.  But whether this setback affects the future of Open AI remains debatable. However, the Open AI’s management must remain vigilant and improve their delivery to boost consumer appeal.

Stocklytics Financial Analyst, Edith Reads

Overview of ChatGPT Interest

The ChatGPT website saw a notable dip in desktop and mobile web traffic from May to June. Preliminary figures reveal a 9.7% drop globally, with the U.S. experiencing a 10.3% decline. Unique visitors worldwide also fell by 5.7%, and the average time spent on the website dwindled by nearly 9%.

However, in November 2023, ChatGPT web traffic rose well over 39% from October to November. And while the overall interest in it is dwindling, the app has seen an astounding interest rate of 100% in countries like China.

Why is ChatGPT Seeing a Notable Decline in Interest Rates?

Undoubtedly, ChatGPT garnered significant traction due to the raze that encircled AI and new technologies. The prospect of effortlessly completing assignments with a mere click or a straightforward voice note captivated the attention of many.

However, the ascent of ChatGPT has spurred a profound revolution within the AI realm, giving rise to many new tools. As the tech market becomes inundated with various AI offerings, users find themselves compelled to explore alternatives, navigating away from ChatGPT in pursuit of the solutions that best align with their needs.

Moreover, more concerns are coming up from dissatisfied consumers. Some claim the prompts it provides differ from the task or question the user gives.  Others see that its answers are lacking and too vague or general. 

While the start of ChatGPT was mindblowing, the site’s management has to improve their research resources, response, and general display, or they risk being surpassed by the newcomers in the market today.