Explosive User Growth on AI-Powered Apps Achieves 4000% Increase in Spending

There is no denying that AI-powered apps are growing in popularity and numbers on both app stores. Text-based ChatGPT and image-based Midjourney are some of the most popular AI tools out there, and their popularity is only increasing. This trend makes perfect sense, given the increasing interest in generative AI tools like these.

It’s no secret that companies are jumping on the bandwagon of artificial intelligence (AI). With businesses seeking to automate tasks and save money, AI Chatbots are a hot item. The first quarter of 2018 was full of 158 AI Chatbot apps hitting app stores, providing an easy way for consumers to engage with AI without having to learn coding.

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The data suggests that there are multiple apps with the name “Nova AI.” These apps seem to be doing well in the app stores, and one of them is currently on the top 10 free apps list on iOS in multiple countries. This suggests that there might be a demand for these types of AI-assisted chatbots.

As developers try to convert AI chatbot technology into a native mobile experience, they are charging money for it. Most of the time these apps charge users for unlocking unlimited (or large number of) conversations with the chatbot. While this may be a lucrative proposition for developers, it may not be suitable or desirable for all users.

Looking purely at downloads and spending, it seems that app users are definitely excited about the prospects of AI-powered apps. This enthusiasm is most apparent in the increase in downloads and spending seen over the past year. With so many people interested in using these apps, it’s no surprise that businesses are also taking notice and investing more money into developing them.

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These figures suggest that spending on AI-powered applications is growing, and this growth looks set to continue. This could be good news for app developers, as it means that their businesses are likely to continue thriving in the future.

With Quora’s new feature that allows users to create their own bots, the app has caught up with other chatbots platforms like Facebook Messenger and WhatsApp. The app already offers a diverse set of bots that are power by ChatGPT, GPT-4, Claude, and more. These chatbots have different personalities which means you can use them for different purposes. For instance, you can use the pirate language bot to talk about your favorite movies or TV shows with your friends. The Japanese language tutor bot will help you learn basics of the Japanese language quickly and easily.

Microsoft’s integration of OpenAI tech with Bing has given the company an advantage in the race to dominate AI app development. By tailoring its search engine to include relevant AI-powered apps, Bing is likely increasing its userbase by 1000%. While Google still dominates the market, Microsoft is slowly catching up and may soon be a more viable contender.

Microsoft’s AI chatbot integrated into its browser, Edge, saw a surge in downloads in Q1 2023. The firm noted that the browser reached 1/3 of Chrome’s download volumes for this period. This suggests that Microsoft is making strong headway with its artificial intelligence initiatives and may be able to challenge Google’s dominance in the space.

In the era of chatbots, it is good to be cautios when assessing their long-term viability. Many AI-assisted chatbots are novel and may enjoy initial popularity, but it will be necessary to see if they have staying power in order to assess whether they are worth investing in.

One of the most worrisome aspects of the rise of AI-powered apps is the ease with which dubious tools can enter the market. Last week, China-based tech giant Baidu sued Apple for allowing counterfeit apps of its Ernie bot on the App Store. Earlier this year, many apps labeled “ChatGPT” flooded the App Store and the Play Store at a time when OpenAI hadn’t released an official API. While these illegitimate applications may seem innocuous, they could also be used to steal information or spy on users.

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Kira Kim

Kira Kim is a science journalist with a background in biology and a passion for environmental issues. She is known for her clear and concise writing, as well as her ability to bring complex scientific concepts to life for a general audience.

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