ChatGPT Reigns Supreme in Saturated AI Market (Chart)

A few days ago, Elon Musk became the latest in a long line of tech moguls investing in AI. The CEO of X, Tesla, and xAI introduced a chatbot named Grok, and it will apparently have access to real time data by scanning user posts and feeds. Grok is entering a highly saturated AI market, one that was kicked into high gear after the launch of ChatGPT by OpenAI.

Musk claims that Grok has managed to surpass ChatGPT 3.5, which is the free version of the chatbot that most users have access to. He admitted that it still had a long way to go before it could equal ChatGPT 4, but asserted that Grok-1 is just the first of many chatbots to come, some of which may very well give the advanced version of ChatGPT a run for its money.

With all that having been said, it bears mentioning that ChatGPT continues to dominate the increasingly cluttered AI market. The chatbot currently holds 19.7% share of the market in terms of users, and Jasper Chat came in second with 13.4%. YouChat managed to hold on to third place with a 12.3% share of the overall market, with DeepL’s 12.1% putting it at a close fourth place.

Following that, we can see Perplexity rounding off the top 5 with a 9.7% share of the market, although TypeHero is not far behind with 9.4%. WriteSonic also does fairly well with 8.7%, and Neuroflash and Simplified holding 7.5% and 7.1% shares respectively.

This data comes from Statista Marketing Insights, and it reveals the crowded playing field that xAI and Grok are trying to enter. Musk will have a steep uphill climb if he wants his AI to measure up to the alternatives already present on the market, many of which have withstood immense pressure from Google’s Bard and Microsoft’s Bing Chat to come out on top.

It will be interesting to see where things go from here on out, since Musk is clearly banking on Grok to bolster his faltering social media platform. X has seen usership and revenues plummet after the rebranding, continuing a trend that began when Elon Musk took control of Twitter over a year ago. The future of the platform might rely on how effective the AI can be, with an upcoming rollout planned for premium subscribers.

ChatGPT Leads an Already Crowded Market

Read next: AI vs. Human Writing: Can You Spot the Bot in Your Daily Read?
Previous Post Next Post