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Link: Sensor Tower: consumer spending in 2024 on AI apps like ChatGPT, Gemini, and ByteDance's Doubao grew more than 200% YoY to nearly $1.1B (Sarah Perez/TechCrunch)

In 2024, AI apps generated over $1 billion in consumer spending, highlighting a significant surge driven by demand for generative AI technologies.

According to Sensor Tower, the total global consumer spending on apps increased by 13% to $150 billion, with AI apps like ChatGPT and Doubao experiencing more than a 200% year-over-year growth.

The release of new AI models, including OpenAI's GPT-4o, consistently boosted AI app revenues, reaching record numbers periodically.

Throughout 2024, AI apps were used for nearly 7.7 billion hours and downloaded 17 billion times, indicating robust consumer engagement with AI features.

In the broader app market, streaming and crypto apps saw fluctuations, but finance and e-commerce sectors reported strong growth.

Other industries like gaming and entertainment also witnessed significant spending, with several reaching the $1 billion milestone in consumer spending. TechCrunch's full report by Sensor Tower provides more detailed insights into these trends. #

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