ChatGPT downloads are slowing — and may cause problems for OpenAI’s IPO

The Verge
ChatGPT's user growth is slowing, with increasing uninstalls and falling behind rivals like Claude, potentially impacting OpenAI's IPO plans.

Summary

ChatGPT is experiencing a significant slowdown in user growth, with a notable increase in app uninstalls year over year. Market intelligence firm Sensor Tower reports a 132 percent rise in uninstalls in April and an even higher rate in March. While the app still boasts a large user base, its growth rate has decelerated, increasing monthly active users by 78 percent in April compared to 168 percent in January. Furthermore, ChatGPT's download growth of 14 percent year over year lags considerably behind its rival Claude, which saw an 11x increase in the same period. This slowdown comes at a critical time as OpenAI is preparing for a potential IPO, with CFO Sarah Friar reportedly concerned about meeting revenue targets to fund future computing needs.

(Source:The Verge)