In November of the previous year, OpenAI's ChatGPT took the world by storm, quickly becoming one of the fastest-growing digital entities in history. It boasted over 100 million users. It didn't seem to last very long as recent data suggests that ChatGPT's meteoric rise may have been short-lived, with website visits plummeting for the third consecutive month. However, an increase of 0.4 percent in website visits has been witnessed in the US.
ChatGPT's popularity began to wane in March, as users spent less time on the site, dropping from an average of 8.7 minutes to seven minutes by August. In June and July, the number of active users on ChatGPT decreased by nearly 10% each month. In August, it logged a 3% drop in global users. Experts have speculated that the decline might be linked to students going on summer vacation, but now that they are back, things are looking like they are improving.
According to data provided by Similarweb, college-age individuals constitute a significant portion of ChatGPT's user base, making up over a quarter of adult users globally (27%) and 28.6% in the United States. This demographic composition aligns with the theory that the summer vacation period may have contributed to the decline in traffic, as students temporarily shifted their focus away from their studies.
One notable impact of ChatGPT's rise has been its integration into education. Teachers have raised concerns about students using AI tools like ChatGPT for academic assignments. Some schools, like the University of Michigan Law School, have even implemented guidelines discouraging applicants from using AI in their drafting processes. Apart from this, Accuracy issues have also been faced while using ChatGPT.
Despite the decline, ChatGPT
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