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2023-11-03 10:27:47
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Global Generative AI Application Spending Surpasses $125 Million in Q3, Setting a Record High
In Q3, global spending on generative AI applications exceeded $125 million, setting a new historical record. User spending achieved a 9% quarter-over-quarter growth, reflecting the interest and demand for generative AI applications. AIGC category applications grew by 158% in Q2, reaching $114.7 million, primarily driven by AI chatbots. The AI chatbot subcategory accounted for the majority of generative application revenue, with monetization primarily through in-app subscriptions. The AI art generator application...