SoftwareTechnology

Analysis Shows ChatGPT Mobile App Downloads and User Engagement Declining After Initial Surge

ChatGPT’s mobile application is experiencing slowing download growth and plateauing daily active users, according to new analysis. User engagement metrics have also declined significantly since July, suggesting the novelty phase may be ending.

ChatGPT Mobile App Growth Shows Signs of Plateau

ChatGPT’s mobile app growth may have reached its peak, according to reports from third-party app intelligence firm Apptopia. The analysis indicates that new user growth, measured by percentage changes in global downloads, has slowed significantly after April. Sources indicate that global daily active user growth has also stopped and plateaued in recent weeks.

EconomyFinance

Banking Sector Sees Volatility Spike as Credit Concerns Surface Despite Market Recovery

Regional bank stocks experienced sharp declines before recovering, driven by loan loss disclosures and fraud allegations. While broader markets stabilized, JPMorgan’s CEO warned of potential credit market upheaval as private lending faces increased scrutiny over transparency and risk.

Market Swings Highlight Underlying Credit Worries

Financial markets experienced significant volatility this week as regional banking stocks plunged before partially recovering, with analysts suggesting the movements underscore persistent concerns about credit risk in less transparent lending sectors. According to reports, Zion Bancorp and Western Alliance Bancorp saw their shares drop 13% and 11% respectively on Thursday after disclosing lending issues, though both reportedly recovered some losses by Friday morning.

AITechnology

OpenAI Faces Revenue Challenges as ChatGPT Subscription Growth Stagnates in European Markets

New analysis reveals ChatGPT subscription revenue has flatlined in key European markets after early 2023 growth. The development comes as OpenAI plans trillion-dollar infrastructure expansion despite relying heavily on subscription income from its flagship chatbot.

ChatGPT Subscription Growth Stalls in European Markets

OpenAI’s flagship ChatGPT service appears to be struggling with subscriber growth in European markets, according to recent analysis from Deutsche Bank Research Institute. The report indicates that European spending on ChatGPT subscriptions has stagnated since May 2023, suggesting the AI boom‘s most prominent product may be facing challenges converting users to paying customers.