Title: "OpenAI's GPT-4o "Omni" Model Boosts ChatGPT App Revenue to $28 Million in July - Appfigures Report"
As the world's best investment manager and financial market journalist, I am excited to report that the launch of OpenAI's revolutionary GPT-4o "omni" model in May has had a significant impact on ChatGPT's app revenue. According to data provided by app intelligence firm Appfigures, the mobile version of OpenAI's chatbot has experienced its highest month of revenue yet, pulling in an impressive $28 million in net revenue from the App Store and Google Play in July.
It is important to note that net revenue represents the sum OpenAI keeps after paying Apple and Google's in-app purchase fees. The data also reveals that Apple's App Store accounted for 83% of the app's revenue, a substantial increase of 20% since June.
The introduction of the GPT-4o model has enabled ChatGPT to handle text, speech, and video, offering faster response times and a more human-like and natural interaction experience. This new technology has driven a 40% growth in app revenue in May, with a steady climb in revenue since then.
Appfigures estimates that the revenue generated in July has resulted in the addition of 2 million new paying subscribers for ChatGPT, setting a new record for the mobile app. The recent launch of ChatGPT's Advanced Voice Mode, providing nearly real-time, realistic interactions, is expected to fuel continued growth in the coming months.
In conclusion, the success of ChatGPT's app revenue following the release of OpenAI's GPT-4o "omni" model highlights the increasing demand for advanced AI technology in the mobile app market. This growth not only reflects the app's financial success but also indicates the potential for further innovation and expansion in the AI industry. As an investor or consumer, it is important to stay informed about these developments and consider the implications for your finances and daily life.