'ChatGPT traffic slips again for third month in a row' -Reuters, citing Similarweb data
Portfolio Pulse from Bill Haddad
According to Similarweb data cited by Reuters, the traffic for ChatGPT has slipped for the third consecutive month. The worldwide desktop and mobile website traffic for ChatGPT fell by 5% in August, following declines in each of the previous two months.
September 07, 2023 | 6:39 pm
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NEGATIVE IMPACT
Microsoft, the parent company of OpenAI which developed ChatGPT, may see a negative impact on its stock due to the continuous decline in traffic for ChatGPT.
As Microsoft is the parent company of OpenAI, the developer of ChatGPT, the continuous decline in traffic for ChatGPT could negatively impact Microsoft's stock. This is because the performance of a company's products and services can directly influence its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70