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Ranked: The Most Popular AI Tools

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This visual is part of our 2024 Global Forecast Series. For full access to the series, learn more here.

Chart of most popular AI tools in 2023

Ranked: The Most Popular AI Tools of 2023

Artificial intelligence had its breakout year in 2023, with large language models (LLMs) and text-to-image generators capturing the attention and imagination of technologists and investors alike.

Similar to other recent breakthrough technologies like the internet and the smartphone, the early stage of AI’s tech adoption cycle has already seen the creation of highly-used software products.

This visualization from our 2024 Global Forecast Series report uses data from Writerbuddy and Coatue to rank and visualize the most popular AI tools of 2023 along with key recent tech adoption cycles and the software products that defined them.

The Most Visited Artificial Intelligence Websites of 2023

Not surprisingly, ChatGPT, OpenAI’s product that sparked the artificial intelligence boom in late 2022, emerged as the most popular AI tool of 2023.

ChatGPT dominated the industry’s web visits with more than 60% of visits from September 2022 to August 2023, racking up 14.6 billion visits to their website.

Following ChatGPT is another chatbot, Character.AI, which rather than being a singular LLM for general and productivity-related user queries is a collection of characters (also known as “dialog agents”) that users can freely converse with. These range from popular characters from TV shows and video games to dating coaches and interactive strategy and text-based games.

AI ToolTotal Web Visits (Sept 2022 to Aug 2023)Share of Industry Total
ChatGPT14.6B60.2%
Character.AI3.8B15.8%
QuillBot1.1B4.7%
Midjourney500.4M2.1%
Hugging Face316.6M1.3%
Google Bard241.6M1.0%
NovelAI238.7M1.0%
CapCut203.8M0.8%
JanitorAI192.4M0.8%
CivitAI177.2M0.7%

Another writing tool, QuillBot, rounds out the top three most popular AI web products of 2023, with these top three collectively accounting for more than 80% of visits to AI product websites.

Besides LLMs, leading AI image generator Midjourney was the fourth-most popular AI tool in 2023 and is followed by Hugging Face, an open source community which features hundreds of unique AI models that include LLMs, image generators, and other freely accessible AI tools.

This visual is from our 2024 Global Forecast Series Report:

Global Forecast Series 2024

Get full access to the series, which compiles insights from 700+ expert predictions for what will happen in 2024, by becoming a VC+ member today.

Software Creation in Tech Adoption Cycles

Despite still being in the early stages of its adoption, artificial intelligence has already produced tools that have garnered billions of visits and thousands of paying users for premium versions of AI products.

The launch and propagation of software products is a key driver for the user adoption of breakthrough technologies. Apps like Uber and Airbnb helped define the utility of smartphones as a technology, similar to what early websites like Google, Amazon, and YouTube did for the internet.

While this first wave of AI tools is already beyond what the world could’ve imagined even just a couple of years ago, as the public adoption of AI continues we’ll only see more powerful and unique AI tools and products.

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Technology

Nvidia is Worth More Than All of These Companies Combined

Gain a unique perspective on the market cap of Nvidia in this simple graphic.

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Putting the Market Cap of Nvidia Into Perspective

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Nvidia’s massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company?

To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major U.S. tech companies.

All figures were sourced from Companiesmarketcap.com, and are as of May 23, 2024.


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Data and Takeaways

All of the numbers we used to create this graphic are included in the table below.

CompanyMarket Cap
(as of May 23, 2024)
Nvidia$2.5T
Meta$1.2T
Tesla$553B
Netflix$272B
AMD$257B
Intel$128B
IBM$157B

These figures are even more impressive when you consider that at the beginning of 2020, Nvidia was valued at a relatively tiny $145 billion.

Since then, the company has greatly surpassed other American chipmakers like Intel and AMD. This growth is due to several key factors:

  • Expansion into AI and data centers: Nvidia’s chips are highly effective for AI training, making them essential for companies engaged in machine learning and generative AI
  • Advancements in AI software: Nvidia has developed AI software platforms, such as CUDA-X and TensorRT, which are widely used by researchers.
  • Strong financial performance: Nvidia has consistently delivered strong financial results in recent years, with substantial revenue growth.

Closing in on Apple

With Nvidia’s latest stock surge (up 13.5% over the past five days ending May 24, 2024), the company could possibly overtake Apple to become the world’s second most valuable company.

Microsoft, another major player in AI, holds the #1 spot with a market cap of $3.2 trillion.

See More Visuals on Nvidia

If you enjoyed this graphic, be sure to check out this graphic that breaks down Nvidia’s revenue by product line, from 2019 to 2024.


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