ChatGPT app downloads are slowing down, BofA finds
Publishing timestamp: 2023-07-05 14:47:50
Summary
The article states that OpenAI's ChatGPT is not on pace to challenge Google's dominance as a search engine leader. App downloads for ChatGPT and Microsoft Bing have slowed in recent weeks, indicating a potential lack of adoption. The slowing attention for ChatGPT highlights investment risk for companies like Google and Microsoft, who have invested heavily in AI advancements. The article suggests that LLMs like ChatGPT may need to find other applications, such as in new advertiser tools. Bank of America analysts believe that the forthcoming OpenAI app for Android could boost adoption.
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Keywords: artificial intelligence, business news, alphabet inc, alphabet class c, generative ai, microsoft corp, breaking news: technology, business, technology, nvidia corp, apple inc,
Source: https://www.cnbc.com/2023/07/05/chatgpt-app-downloads-are-slowing-down-bofa-finds-.html