Consumer Spending on AI Apps Reaches $1.1 Billion in 2024, Growing Over 200% YoY with ChatGPT and Gemini

In 2024, consumer spending on AI applications surged, reaching approximately $1.1 billion, marking a year-over-year growth of over 200%. This increase was highlighted in a report by Sensor Tower, which noted that popular AI apps such as ChatGPT, Gemini, and ByteDance's Doubao contributed significantly to this trend. While overall app downloads on iOS and Google Play experienced a slight decline of about 1% year-over-year, total revenue from in-app purchases, paid applications, and games rose by 13% to $150 billion. The data reflects a growing consumer interest and investment in AI technologies, indicating a robust market for AI-driven applications.