Organization: It is estimated that the global expenditure on generative AI will reach $699 billion by 2030.

Counterpoint Research's latest report shows that global consumer spending on generative AI is expected to increase from $225 billion in 2023 to $699 billion in 2030, with a compound annual growth rate of 21%. Looking at specific segments, AI conversation platforms are the fastest growing sector, with personal assistant AI and content generation tools also expected to experience significant expansion. By 2030, the global monthly active users of AI conversation platforms are estimated to exceed 5 billion.