Agrawal: ChatGPT's User Base Is 10x Larger Than All Rivals Combined
Apoorv Agrawal · Understanding OpenAI’s $500B Valuation · Sourcery with Molly O'Shea · Aug 27, 2025 · at 4:13
Apoorv Agrawal of Altimeter Capital illustrates the extreme consumer power-law distribution favoring ChatGPT over competing AI applications.
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“If you took the user count of ChatGPT on one side, And all the other AI apps on the other side, let's do perplexity, and Claude, and Croc, and Gemini, and you know, long tail of apps that people use. Add them all up, multiplied by 10, it's probably still less than ChatGPT's user base.”
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