The impressive trajectory of Open AI’s ChatGPT has encountered a significant obstacle, witnessing a notable downturn in its momentum, reports stock analytics application Stocklytics. A recent in-depth analysis shows a substantial 50% decrease in interest over the past month, underscoring the anticipated plateau following the swift ascent of artificial intelligence.
In September, a panelist during a Finadium event noted with a dose of cynicism that generative AI exuberance comes with a “grift shift that is going to give us a lot of new hard to borrows as the bubble tends to expand in the overhype portion of AI”.
As of November 30th, 2023, the search interest for ChatGPT stood at 88; however, it has since experienced a marked decline, plummeting to a current level of 44, according to Stocklytics data. This downturn in interest reflects a recalibration in the artificial intelligence (AI) landscape as the initial fervor begins to level off.
Edith Reads, the site’s financial analyst, said in an article: “The ChatGPT fever seems to be regressing with time, emphasizing the natural evolution of technology once the novelty wears off. But whether this setback affects the future of Open AI remains debatable. However, the Open AI’s management must remain vigilant and improve their delivery to boost consumer appeal.
The ascent of ChatGPT has spurred a profound revolution within the AI realm, giving rise to many new tools. As the tech market becomes inundated with various AI offerings, users find themselves compelled to explore alternatives, navigating away from ChatGPT in pursuit of the solutions that best align with their needs.
Moreover, more concerns are coming up from dissatisfied consumers. Some claim the prompts it provides differ from the task or question the user gives. Others see that its answers are lacking and too vague or general.