Turning waters of the much talked about ChatGPT: Dhandiya of Accurci


- Will have to face a situation like a debtor

- It remains to be seen how long the loss of 7 lakh dollars per day will bear: Steady decline in users

- Occasional

The much-acclaimed and rapidly adopted language model-based chatbot ChatGPT is seeing a turning point. Its users are declining and economic losses are increasing. When it was launched in November 2022, it was enthusiastically received by users, but ChatGPT's finances are currently in dire straits, and by the end of 2024, the chatbot's Janaka Open Artificial (RnaihChain) will face bankruptcy.

ChatGPT's traffic has decreased by 9.6 percent. It had 1.7 billion users in June, which fell to 1.5 billion in July.

According to reports, chatgpit is making huge losses on a daily basis. A daily loss of 7 lakh dollars. Even a company like Microsoft, which invests in real estate, cannot afford such a huge loss. Everyone likes a profit-making unit, but investors don't go far when the product is consistently loss-making.

It was hoped that ChatGPT would make a profit of 200 million dollars in 2023. In 2024, an income of one billion dollars was calculated. However, it does not seem that the profit target can be achieved due to continuous losses. When Open AI applied for the trade mark, the issue of declining user base and economic loss was raised. Circles associated with information technology said that if Apan AI does not arrange additional funding, it will be dragged into bankruptcy.

Google's chatbot Bard is becoming increasingly popular. Many users of ChatGPT have now switched to Bard, as Bard provides more attractive and useful output. Apple's chatbot is coming. Elon Musk has also started an AI company. Open AI CEO Sam Altman has said that we are not going to go to the public to get big investments.

It is not very easy to identify users on the Internet. Once they lose their mind on a product, they don't go back to it. Brand loyalty is not the main virtue of Internet users!

Over time, ChatGPT's search results are becoming more skewed rather than sharper and more accurate. Initially, its answers were found to be largely correct and useful, but now the loss of accuracy is giving the impression that users have stopped trusting ChatGPT.

The revenue of these types of products is directly dependent on the users. Once Internet users lose trust, it is not easy for them to regain trust. Investors take notice when chatbot users drop by 12 percent.

According to a study conducted by a foreign university, 52% of answers related to software engineering on ChatGPT were inaccurate. However, ChatGPT was praised for its accuracy when it was released in the market. But who knows where its sharpness has gone with time. He gives unnecessarily long details in response to many questions. Users say that now ChatGPT gives long answers, which are not useful in any way.

Users have reported in several cases that ChatGPT answers questions, but they are not consistent or usable. According to media reports, the main reason behind ChatGPT's user decline is lack of accuracy.

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