📝 AI Spending

Liam Gill
January 30, 2025

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News of the Day

Consumer spending on AI apps surged to $1.42 billion in 2024, a 274% increase from the previous year, with OpenAI’s ChatGPT dominating the market—earning more than all other top AI assistant apps combined. Apple and Google benefit from this boom, taking a 30% cut of in-app purchases. ChatGPT’s 353 million downloads reveal skewed demographics: over half of users are under 25, while 20.2% are between 50 and 64. Men make up 84.5% of users, reflecting broader gender disparities in AI adoption. While ChatGPT leads in revenue, DeepSeek, a free open-source Chinese AI app, briefly dethroned it in the App Store, signaling potential competition ahead.

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Liam Gill