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ChatGPT: The New GoTo AI App for Generative Texts

In short: OpenAI's ChatGPT app on iOS has been downloaded over 500,000 times in less than a week, outperforming the YTD figures of other developers, according to data from The app, which operates like its desktop programme, offers tailored advice on topics such as travel and cooking and enables voice commands to access generative text. Subscription service ChatGPT Plus costs around $20 per month, but an ad-free version of the app is free to use. The app is available in the US and other markets, with an Android version due soon.

Our quick analysis:
OpenAI's new ChatGPT app has been making waves in the world of Artificial Intelligence (AI), with over 500K downloads in less than one week. This remarkable feat has outperformed the competition and has demonstrated the rapid growth and immense potential of AI.

The ChatGPT app, which is currently available on iOS products, is free to use without any ads, making it an attractive option for those who want to access generative texts seamlessly. With just a few simple voice commands, users can get tailored advice on a wide range of topics, including travel plans, cooking, and messages.

For those who want more advanced features, the ChatGPT Plus subscription allows access to GPT-4's capabilities through the mobile app, for a monthly fee of around $20.

Although currently only available in the United States, Europe, South Korea, and New Zealand, OpenAI plans to expand its reach globally, with an Android version of the app in the works. The company has also made it clear that AI is here to help people increase productivity, not take over their jobs entirely.

With funding in the AI space surpassing that of the crypto industry, it's no surprise that big players are investing in AI. OpenAI competitor Anthropic recently closed its Series C funding round with $450 million led by Spark Capital, with Google and Zoom as top participants.

OpenAI itself has a large portfolio of investors, including Microsoft, which has invested billions of dollars to enable integration with its Azure supercomputer.

The future of AI is bright, and ChatGPT is just one of the many tools that will no doubt revolutionize how we interact with technology and the world around us. So, if you're looking for a go-to AI app for generative texts, ChatGPT could be just what you need.

Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.

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