ChatGPT’s success is well documented and does not need quoting numbers. Millions of people use ChatGPT to help them write long-form content or quick emails. Current writing tools like writesonic, undetectable.ai have more than million users. Present projections of the size of the AI writing software market is USD 1.5 Billion, expected to grow at a CAGR of 26.8% till 2030 to USD 10.3 Billion. It can be explained by the fact that AI assists in all sorts of writing: reports, emails, SEO-optimized content, articles, blogs, and social media posts. 

ParaAI launched about two months ago and have achieved a total of 15,000 users. It has been only through organic growth, with personal effort reaching out to friends and subreddit communities. It is a testament to the product’s quality and the market’s size. We are averaging a retention rate of about 60%, with it being 90% last week. Based on our estimates, we believe 15% of our users are going to be premium users. Our use case has been varied as well. People have been using our tool to write applications, cover letters, and VC meeting notes. 

As we continue to work further on our tool we only expect to grow more from here. We have been in touch with our users, and the response has been overwhelmingly positive. Our writing quality outperforms most writing tools and does not use run-off-mill phrases, an element lacking in non-personalized tools. People have expressed interest in more writing styles and SEO-optimized content, and we are working on adding popular templates.