a16z partner: LLM-type products have the potential to disrupt the search business and may achieve significant monetization capabilities

2024-08-30 21:40:17

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ChainCatcher news, a16z general partner Andrew Chen discussed the commercial potential of ChatGPT on social media. Chen pointed out that OpenAI's ChatGPT has reached an astonishing scale of over 200 million users per week in just a few years. He raised several thought-provoking questions:

Has anyone analyzed the per capita search frequency and revenue per display of ChatGPT? If a monetization model similar to Google's advertising is adopted, how might a business like ChatGPT perform?

Chen believes that some products with a similar user base (such as the Firefox browser) had annual revenues close to $1 billion at their peak. If ChatGPT is free to use, its monthly active users could increase significantly.

He stated that large language model (LLM) products have the potential to disrupt search businesses and may achieve considerable monetization capabilities.

Chen also pointed out that it is worth considering whether LLMs will increase the overall search volume or merely capture market share from existing search engines like Google.

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