OpenAI’s ChatGPT has experienced unprecedented growth, reaching 100 million weekly active users and propelling the company’s valuation to around $86 billion. Despite the hype, the company’s leadership acknowledges certain aspects of AI are overhyped, emphasizing that AI systems are still evolving and facing limitations. OpenAI COO Brad Lightcap, while surprised by the success of ChatGPT, remains optimistic about the future and believes that the most important innovations leveraging AI technology are yet to be developed. However, there are signs of waning consumer interest in ChatGPT, as well as persistent shortcomings in AI’s current applications.