How has Early Adoption of ChatGPT-4 Affected Subscriptions to Other Digital Services?

Summary

This study investigates how the adoption of GPT-4, the first paid GenAI service, influenced early adopters' payments to other digital services. The research provides insights into the payment behavior of early GPT-4 adopters and how it might help calibrate investor expectations of the GenAI market. The study uses a difference-in-differences approach to analyze payment data and offers a comprehensive view of the impact of GPT-4 on consumer payments for other digital services.

The findings suggest that early GPT-4 adopters were significantly more likely to pay for other AI tools like Github Copilot, which offers coding assistance. The study also highlights the potential of GenAI services to replace traditional web-based search tools and automate various service industries.