By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Marketing In Asia
  • Marketing
    • Viral
    • Expert Opinions
    • News & Trends
    • Research
    • Market Podcasts
    • Market Videos
    Marketing
    This category deals with best news and updates on marketing and branding news and events.
    Show More
    Top News
    Tinder Unveils AI-Powered ‘Photo Selector’ to Simplify Profile Picture Selection
    Tinder Unveils AI-Powered ‘Photo Selector’ to Simplify Profile Picture Selection
    4 days ago
    Enjoy Free Delivery on Shake Shack Orders via foodpanda Until August 2024
    Enjoy Free Delivery on Shake Shack Orders via foodpanda Until August 2024
    4 days ago
    Garry Kindred Executive Chef
    GCCEC Unveils Eco-Friendly and Global Culinary Delights
    4 days ago
    Latest News
    Singlife Sponsors Award-Winning Film “Wonderland,” Celebrating Local Talent and Dreams
    9 hours ago
    UNIQLO Celebrates Singapore’s 59th Birthday with Exclusive LifeWear Collection and Exciting In-Store Activities
    8 hours ago
    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
    10 hours ago
    Banquet 18™ taking Luxury Catering to New Heights with their “Food is an Expression of Love” Ideology
    3 days ago
  • Startup
    • News from Startup world
    • Startup Stories
    • Trends and Opinions
    • Startup Podcasts
    • Startup Videos
    Startup
    News and articles from startup and venture investment world
    Show More
    Top News
    accenture
    Accenture Acquires Bengaluru-based Excelmax to Boost Semiconductor Capabilities
    2 weeks ago
    Ascott Accelerates European Expansion with New Signings and Partnership with Chelsea FC
    Ascott Accelerates European Expansion with New Signings and Partnership with Chelsea FC
    2 weeks ago
    Shiprocket SHIVIR 2024
    Shiprocket SHIVIR 2024: Transforming Bharat’s eCommerce Landscape with Cutting-Edge Insights and Strategies
    3 weeks ago
    Latest News
    Multipl Secures $1.5M Funding to Revolutionize Personal Finance with ‘Spendvesting’
    5 days ago
    Malaysia Embraces Generative AI: Coursera Reports 806% Surge in Enrollments
    1 week ago
    Chinese Fast Fashion Brands Surge Amid Global Scrutiny, Projected to Reach $1.4 Billion by 2028
    2 weeks ago
    APAC Brands Leading the Charge in Customer Experience Excellence: Merkle’s Latest Report Unveiled
    2 weeks ago
  • Business
    • Feature Stories
    • News
    • Business Podcasts
    • Business Videos
    Business
    News and press releases from business world of Asia
    Show More
    Top News
    Locomotive Global Media Acquires India Exclusive Rights for All3Media International’s ‘Boat Story’
    4 days ago
    OpenText™ Unveils Cutting-Edge AI and Cloud Innovations with Cloud Editions (CE) 24.3
    OpenText™ Unveils Cutting-Edge AI and Cloud Innovations with Cloud Editions (CE) 24.3
    4 days ago
    Tinder Unveils AI-Powered ‘Photo Selector’ to Simplify Profile Picture Selection
    Tinder Unveils AI-Powered ‘Photo Selector’ to Simplify Profile Picture Selection
    4 days ago
    Latest News
    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
    10 hours ago
    Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact
    10 hours ago
    UMT Jaya Holdings and pitchIN Forge Alliance to Boost Startup Fundraising
    3 days ago
    Revolutionizing Data Privacy: Affinidi Iota Framework Unveils World’s First Consent-Based Data Sharing Built on Open Standards
    3 days ago
  • Society
    • Inspiration
    • Destinations & Travel
    • Food & Gourmet
    • People
    • Young Voices
    • Society Videos
    • Society Podcasts
    Society
    News and articles from and for societies around us
    Show More
    Top News
    Singapore's Beer Industry Fuels Economy with SGD 1.5 Billion Contribution Annually
    Singapore’s Beer Industry Fuels Economy with SGD 1.5 Billion Contribution Annually
    7 days ago
    Princess Diana's Iconic Elegance Shines at Record-Breaking Auction by Julien’s Auctions
    Princess Diana’s Iconic Elegance Shines at Record-Breaking Auction by Julien’s Auctions
    7 days ago
    Savor the Spectacle: Live Culinary Brunch Extravaganza at Out of the Blue
    Savor the Spectacle: Live Culinary Brunch Extravaganza at Out of the Blue
    7 days ago
    Latest News
    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
    10 hours ago
    Locomotive Global Media Acquires India Exclusive Rights for All3Media International’s ‘Boat Story’
    4 days ago
    Malaysian Workforce Divided on AI Adoption: Insights from Randstad Malaysia’s 9th Employer Brand Research
    5 days ago
    Creative Ways to Incorporate Mountain Scenery in Your Home
    6 days ago
  • Press Release
  • Awards
    • MIA Impact Circle Stellar CxO 2023 Malaysia
    • MIA Impact Circle Stellar CxO 2023 India
    • MIA Impact Circle Stellar CxO 2023 Philippines
    • Australian Women in Business Excellence Awards
    • MIA Impact Circle Stellar CxO 2024 Singapore
    • Mia Impact Circle Stellar Cxo 2024 Hongkong Award 
Search
Technology
  • Hot
  • Trending
  • Editor’s Choice
  • NSFW
  • Reactions
  • Authors
  • Viral on Internet
Other Pages
  • My Bookmarks
  • Customize Interests
  • About Marketing In Asia
  • Business Register & Login
  • Web Stories
  • Videos
  • Disclaimer
  • Terms of Service
  • Privacy Policy
© 2024 Marketing In Asia Sdn Bhd. All Rights Reserved.
Reading: OpenAI Launches ChatGPT Plus Subscription Plan
Share
Sign In
Notification Show More
Latest News
Singlife Sponsors Award-Winning Film "Wonderland," Celebrating Local Talent and Dreams
Singlife Sponsors Award-Winning Film “Wonderland,” Celebrating Local Talent and Dreams
Branding Event
UNIQLO Celebrates Singapore's 59th Birthday with Exclusive LifeWear Collection and Exciting In-Store Activities
UNIQLO Celebrates Singapore’s 59th Birthday with Exclusive LifeWear Collection and Exciting In-Store Activities
Branding Campaign Marketing Press Release
CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
Event Inspiration People Technology
Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact
Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact
Business News Press Release
UMT Jaya Holdings and pitchIN Forge Alliance to Boost Startup Fundraising
UMT Jaya Holdings and pitchIN Forge Alliance to Boost Startup Fundraising
Business News Press Release
Aa
Marketing In Asia
Aa
  • Hot
  • Trending
  • Editor’s Choice
  • NSFW
  • Reactions
  • Authors
  • Viral on Internet
  • My Bookmarks
  • Customize Interests
  • About Marketing In Asia
  • Business Register & Login
  • Startup Register & Login
Search
  • Marketing
    • Viral
    • Expert Opinions
    • News & Trends
    • Research
    • Market Podcasts
    • Market Videos
  • Startup
    • News from Startup world
    • Startup Stories
    • Trends and Opinions
    • Startup Podcasts
    • Startup Videos
  • Business
    • Feature Stories
    • News
    • Business Podcasts
    • Business Videos
  • Society
    • Inspiration
    • Destinations & Travel
    • Food & Gourmet
    • People
    • Young Voices
    • Society Videos
    • Society Podcasts
  • Press Release
  • Awards
    • MIA Impact Circle Stellar CxO 2023 Malaysia
    • MIA Impact Circle Stellar CxO 2023 India
    • MIA Impact Circle Stellar CxO 2023 Philippines
    • Australian Women in Business Excellence Awards
    • MIA Impact Circle Stellar CxO 2024 Singapore
    • Mia Impact Circle Stellar Cxo 2024 Hongkong Award 
Have an existing account? Sign In
Follow US
© 2023 Marketing In Asia Sdn Bhd. All Rights Reserved.
Marketing In Asia > Blog > Marketing > Buzz > OpenAI Launches ChatGPT Plus Subscription Plan
BusinessBuzzNews

OpenAI Launches ChatGPT Plus Subscription Plan

profile
Last updated: 2023/03/03 at 6:05 PM
MIA Editor
Share
4 Min Read
OpenAI Launches ChatGPT Plus Subscription Plan
SHARE

In an effort to generate revenue from the widespread use of ChatGPT, OpenAI has introduced a premium tier dubbed ChatGPT Plus. Even after only one month of availability, the site has gathered 57 million monthly active users, showing a dramatic increase in popularity. As one of the most rapidly expanding applications ever, it saw an average of 13 million daily unique visits in January. The new plan costs US$20 monthly and provides customers with exclusive content and services.

Why OpenAI is monetising ChatGPT?

In order for OpenAI to reach its revenue goal of US$1 billion by 2024, the platform must immediately begin earning income. Experts say OpenAI is hoping to boost the likelihood of a consistent user base and research serious individuals for product development potential by monetizing the platform during its height of interest. The company is trying to find a way to make money to pay for infrastructure costs and become less reliant on investors and partners like Microsoft.

What experts have to say?

ChatGPT witnessed rapid expansion over the past several months. So, monetisation is the next logical step for such a successful platform. Subscription revenue, they reason, will fund development that will make it even more user-friendly and applicable in fields like digital marketing and content production. They do caution that ChatGPT’s current market dominance is not secure, and that the company will need to maintain a high rate of innovation and market share growth in order to remain competitive.

Strategically, OpenAI’s decision to charge for access to it via the ChatGPT Plus membership plan is a strong vote of confidence in the future success of the platform. As of January 2023, ChatGPT had 100 million members, which is a good sign for growth. However, keeping that number of users and market share will require constant innovation and improvement.

More on ChatGPT

What benefits do ChatGPT Plus subscribers receive?

ChatGPT Plus users have exclusive access to new features and benefits, like being able to use ChatGPT in general, getting answers faster, and getting new features and improvements first.

Why did OpenAI decide to monetise ChatGPT?

OpenAI decided to monetize ChatGPT to meet its projected revenue of US$1 billion by 2024, build a revenue stream to defray infrastructure costs, and diversify its reliance on investors and partners.

What do experts have to say about the monetisation of ChatGPT?

ChatGPT has witnessed rapid expansion over the past several months, and monetisation is considered as the next logical step for such a successful platform. Also, they anticipate that the revenue generated by the subscriptions will fund additional development, making it even more user-friendly and applicable to a wide range of businesses. They do caution that it’s current market dominance is not secure, and that the company will need to maintain a high rate of innovation and market share growth in order to remain competitive.

Also read: Zendesk Benchmark Snapshot Shows Widespread Global Service Impacts

What ChatGPT means?

OpenAI’s massive ChatGPT language model can simulate human speech and writing from scratch.

How to use ChatGPT for work?

Customer support, marketing, and data analysis are just a few examples of sectors where it might be put to use to automate answers and generate text based on patterns learned from massive amounts of data.

Is ChatGPT an app?

No, it is not an app but rather a model that may be embedded into other programmes using application programming interfaces or other techniques.

You Might Also Like

CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference

Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact

UMT Jaya Holdings and pitchIN Forge Alliance to Boost Startup Fundraising

Revolutionizing Data Privacy: Affinidi Iota Framework Unveils World’s First Consent-Based Data Sharing Built on Open Standards

Locomotive Global Media Acquires India Exclusive Rights for All3Media International’s ‘Boat Story’

Get Latest Job Updates on Whatsapp and Telegram
SCIKEY Logo
Whatsapp
Telegram
TAGGED: 2024, chatGPT, ChatGPT Plus, marketing, Microsoft, model, monetisation, news, OpenAI, subscription

Sign Up For MIA Newsletter

Be keep up! Get the latest updates about the Marketing world delivered straight to your inbox.

    By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
    MIA Editor March 3, 2023 February 6, 2023
    Share This Article
    Facebook Twitter LinkedIn Email Copy Link Print
    Share
    What do you think?
    Love0
    Happy0
    Joy0
    Surprise0
    Sad0
    Angry0
    Cry0
    Previous Article Online influencer Partnering With The Ideal Influencers For Your Niche Audience
    Next Article Dove Campaign Leads The Way In Converged Trading For Brands Dove Campaign Leads The Way In Converged Trading For Brands
    9.3k Followers Follow
    3.4k Followers Like
    1.1k Followers Follow
    202 Followers Follow
    204 Subscribers Subscribe

    Latest News

    Singlife Sponsors Award-Winning Film "Wonderland," Celebrating Local Talent and Dreams
    Singlife Sponsors Award-Winning Film “Wonderland,” Celebrating Local Talent and Dreams
    Branding Event 8 hours ago
    UNIQLO Celebrates Singapore's 59th Birthday with Exclusive LifeWear Collection and Exciting In-Store Activities
    UNIQLO Celebrates Singapore’s 59th Birthday with Exclusive LifeWear Collection and Exciting In-Store Activities
    Branding Campaign Marketing Press Release 8 hours ago
    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
    Event Inspiration People Technology 9 hours ago
    Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact
    Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact
    Business News Press Release 9 hours ago

    PropertyGuru

    property guru

    You Might also Like

    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference
    EventInspirationPeopleTechnology

    CAPCOM Returns to gamescom asia, Shawn Layden Headlines Business Conference

    9 hours ago
    Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact
    BusinessNewsPress Release

    Butterfly Foundation Appoints Think HQ as Retained Communications Partner to Amplify Impact

    9 hours ago
    UMT Jaya Holdings and pitchIN Forge Alliance to Boost Startup Fundraising
    BusinessNewsPress Release

    UMT Jaya Holdings and pitchIN Forge Alliance to Boost Startup Fundraising

    3 days ago
    Affinidi Iota Framework Unveils World’s First Consent-Based Data Sharing Built on Open Standards
    BusinessNewsPress Release

    Revolutionizing Data Privacy: Affinidi Iota Framework Unveils World’s First Consent-Based Data Sharing Built on Open Standards

    3 days ago
    //

    Get Asia to Notice You

    Quick Link

    • Contact
    • RSS Terms of Service
    • Policies & Standards
    • About Us
    • FAQ
    • Disclaimer
    • Terms Of Service
    • Privacy Policy

    Top Categories

    • Marketing
    • Startup
    • Feature Stories
    • News
    • People
    • Inspiration

    Sign Up for Our Newsletter

    Subscribe to our newsletter to get our newest articles instantly!

      Marketing In AsiaMarketing In Asia
      Follow US
      © 2024 Marketing In Asia. All Rights Reserved.
      • Disclaimer
      • Terms of Service
      • Privacy Policy
      Join the growing tribe of Marketing In Asia!

      Subscribe to our newsletter and never miss our latest updates, news, videos, podcasts etc..

        Zero spam, Unsubscribe at any time.