Analysts found that app downloads for ChatGPT and Microsoft Bing have slowed in recent weeks, citing Sensor Tower data.
Sam Altman, CEO of OpenAI, is one among a number of business and political leaders set to join the annual Bilderberg Meeting in Lisbon, Portugal.AI may be the hottest thing in the technology industry, but OpenAI's ChatGPT is not on pace to challengegrip as the search engine leader, according to new analysis from Bank of America Securities.
Analysts found that app downloads for ChatGPT and Microsoft Bing have slowed in recent weeks, citing Sensor Tower data, BofA analyst Justin Post wrote in a note on Wednesday. ChatGPT downloads on iPhones in the U.S. were down 38% month-over-month in June, according to the note. Bing app downloads, which includes a ChatGPT-based chatbot in the U.S., were also down 38% in June.
Google's search engine market share is slightly up year-over-year at over 92%, according to the note, citing SimilarWeb data. Microsoft's Bing, which uses OpenAI's ChatGPT technology, was down 40 basis points on an annual basis to about 2.8% of the market. The slowing attention for ChatGPT and similar large language models, or LLMs, highlights the investment risk for companies like Google and
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