{"id":45353,"date":"2024-12-03T15:32:15","date_gmt":"2024-12-03T15:32:15","guid":{"rendered":"https:\/\/casinoapps.com\/?p=45353"},"modified":"2024-12-03T15:32:15","modified_gmt":"2024-12-03T15:32:15","slug":"ai-app-report-2024","status":"publish","type":"post","link":"https:\/\/casinoapps.com\/ai-app-report-2024\/","title":{"rendered":"AI App Report 2024 &#8211; AI App Retention Worst Of All Apps With 98% Loss After 30 Days"},"content":{"rendered":"<img decoding=\"async\" class=\"aligncenter wp-image-45359\" title=\"free photo of a smartphone with ai apps\" src=\"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/12\/free-photo-of-a-smartphone-with-ai-apps-300x200.jpeg\" alt=\"free photo of a smartphone with ai apps\" width=\"888\" height=\"592\" srcset=\"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/12\/free-photo-of-a-smartphone-with-ai-apps-300x200.jpeg 300w, https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/12\/free-photo-of-a-smartphone-with-ai-apps-1024x683.jpeg 1024w, https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/12\/free-photo-of-a-smartphone-with-ai-apps-768x512.jpeg 768w, https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/12\/free-photo-of-a-smartphone-with-ai-apps-1536x1025.jpeg 1536w\" sizes=\"(max-width: 888px) 100vw, 888px\" \/>\n<p><span style=\"font-weight: 400;\">The Artificial Intelligence (AI) revolution is in full swing, transforming industries and reshaping millions of users&#8217; interactions with technology. If this year proved one thing, AI is not coming; it&#8217;s already here and driving rapid change.<\/span><\/p>\n<p>Using <a href=\"http:\/\/businessofapps.com\">Business Of Apps&#8217;<\/a> 2024 AI report, we have explored the growth of AI-powered applications since it&#8217;s recent surge in popularity, whilst also highlighting key data points and projections over the next 6 years.<\/p>\n<h2>Data Highlights<\/h2>\n<ul>\n<li>AI apps see a 98% drop in users within 30 days.<\/li>\n<li>ChatGPT is projected to earn 5x more than Microsoft in AI revenue by 2028.<\/li>\n<li>The AI app market is set to hit $33.3 billion by 2030<\/li>\n<li>AI app downloads surpassed 1 billion in 2024.<\/li>\n<li>AI apps should expect over 500m users by 2030<\/li>\n<li>OpenAI leads the market with a current app valuation of $80 million<\/li>\n<\/ul>\n<h2><b>AI Apps Proven To Have The Worst Retention Rate Among All App Categories<\/b><\/h2>\n\n<p><span style=\"font-weight: 400;\">Getting users to download AI apps is the easy part. The challenge is keeping them on the app.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">About 88% of people will use the app for one day only. By day 7, that number moves to less than 95%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By day 30, 98% of users will give up on an AI app.<\/span><\/p>\n<h2><b>Microsoft Predicted To Achieve 1 Billion AI Revenue In 2028<\/b><\/h2>\n\n<p><span style=\"font-weight: 400;\">In 2022, OpenAI launched ChatGPT, an AI chatbot that generates human-like conversations when prompted. ChatGPT can answer questions, create computer code, solve equations, process images, write articles, and more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chat GPT can complete something as simple as providing a recipe for a cake to a more complex task like coding an app.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2024, Chapt GPT&#8217;s revenue projection is $1.15 billion, an increase of 109% from 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the trend continues, it should reach $5.15 billion by 2028, a 836% increase from 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These numbers estimate ChatGPT&#8217;s revenue from individuals and organizations subscribing to it. If ChatGPT becomes embedded into consumer apps and enterprise services, the projected revenue could increase even higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Microsoft&#8217;s projections are based on revenue from Copilot Pro, the company&#8217;s AI chatbot originally based on the GPT-4 series.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Released in February 2023, Microsoft&#8217;s direct revenue from Copilot Pro was $40 million. 2024&#8217;s projection is supposed to increase by 212% to $125 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2028&#8217;s projection should hit $1 billion. However, these revenue projections do not include Copilot for coding and Microsoft&#8217;s other GPT integrations.<\/span><\/p>\n<h2><b>AI App Market Revenue Projected To Reach $33.3 Billion By 2030<\/b><\/h2>\n\n<p><span style=\"font-weight: 400;\">The AI App market hit $1.4 billion in revenue in the first half of 2024. That is a 27% increase from the second half of 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In two years, revenue from the AI App market increased from $400 million in the second half of 2022 to $1.4 billion by the first half of 2024, a 250% increase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the AI App market continues to trend upward, it will reach unprecedented heights over the next six years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The AI App market&#8217;s forecasted revenue was $3.1 billion in 2024. In 2025, that number is expected to increase by over 77% and reach $4.4 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The experts predict revenue will reach $33.3 billion by 2030, a 974.19% increase from 2024.<\/span><\/p>\n<h2><b>AI App Downloads Exceeded 1 Billion During 2024<\/b><\/h2>\n\n<p><span style=\"font-weight: 400;\">While AI apps will have 252 million users in 2024, the number of AI app downloads is four times that amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the first half of 2024, AI app downloads were 1.045 billion. Compared to 2022&#8217;s 282 million, that&#8217;s over a 270% increase.<\/span><\/p>\n<h2><b>Users Of AI Apps Estimated To Hit Over 500 Million By 2030<\/b><\/h2>\n\n<p><span style=\"font-weight: 400;\">Three years ago, AI apps were in their infancy stage, with an estimated 18 million users in 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When OpenAI launched ChatGPT in November 2022, AI app users skyrocketed to 108 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2024 is only the beginning of exponential growth for AI apps.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The experts analysis predicts over 500 million people will use AI by 2030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These apps will continue to rely on chatbots and image editing tools as the main services.<\/span><\/p>\n<h2><b>OpenAI Valued At $80m In 2024<\/b><\/h2>\n\n<p><span style=\"font-weight: 400;\">Per our study, OpenAI is the highest-valued startup at $80 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Databricks, which could IPO within the next year, garnered the second-highest valuation at $43 billion.<\/span><\/p>\n<h2><b>Commentary<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Neil Roarty, spokesperson of CasinoApps spoke out on the data: <em>&#8220;The AI market numbers are staggering, with revenue from AI apps potentially surpassing $33 billion.<\/em><\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">&#8220;Many of these AI apps, including ChatGPT, are being integrated into the workplace at a rapid pace. These apps primarily rely on chatbots and image editing tools as the main services, which automate tedious tasks and improve efficacy.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">&#8220;The increased use of AI apps could enhance personalized learning in school systems and enhance productivity. However, this could potentially lead to job displacement for educators and laborers.<\/span><\/em><\/p>\n<p><em>&#8220;Despite the massive surge in AI&#8217;s adoption, the 30-day retention rates continue to significantly underperform compared to other major app categories.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Artificial Intelligence (AI) revolution is in full swing, transforming industries and reshaping millions of users&#8217; interactions with technology. If this year proved one thing, AI is not coming; it&#8217;s already here and driving rapid change. Using Business Of Apps&#8217; 2024 AI report, we have explored the growth of AI-powered applications since it&#8217;s recent surge &hellip; <\/p>\n","protected":false},"author":261,"featured_media":45359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI App Report 2024 - AI App Retention Worst Of All Apps With 98% Loss After 30 Days - Latest Casino Apps &amp; Other Apps News - Casinoapps.com<\/title>\n<meta name=\"description\" content=\"The Artificial Intelligence (AI) revolution gained significant traction. 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