📲 AI Apps Drive Spending Surge

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Good morning, AI trailblazers! Here are the top stories for today:

1. 📲 AI Apps Propel Global App Spending to $150 Billion in 2024 [Full Report]

2. 💸$500 Billion AI Investment to Advance U.S. Technology

3. 👉[FREE WEBINAR] Mastering Client Attraction in The Age of AI

4. 🤯 Quick Takes

Read Time: 5 Minutes

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In the Know​

AI Apps Propel Global App Spending to $150 Billion in 2024

Consumer spending on apps soared to $150 billion globally in 2024, marking a 13% increase from the previous year, according to Sensor Tower’s annual "State of Mobile" report. Generative AI apps played a significant role in this growth, with spending on AI apps growing over 200% year-over-year to nearly $1.1 billion.

Key Points:

• AI App Growth:

  • Generative AI apps like ChatGPT, Gemini, and Doubao fueled a surge in spending.

  • AI apps achieved 7.7 billion hours of usage in 2024 and were downloaded 17 billion times.

  • ChatGPT alone reached 50 million monthly active users faster than platforms like Disney+ and YouTube Music.

• Spending Trends:

  • Apps with AI features could enter the top 10 categories for consumer spending within a year.

  • Consumer demand for AI remained steady throughout the year, even outside of major AI model launches.

While other categories like crypto, e-commerce, and fintech also experienced significant movement, the influence of AI on the global app market is undeniable. The full report provides deeper insights into these trends and more.

💡 Did You Know?

AI Helps in Bee Conservation. 🐝 AI-powered cameras and sensors are being used to monitor bee populations, tracking their movements to better understand and protect them.

Stargate: $500 Billion AI Investment to Advance U.S. Technology

President Trump announced a major collaboration between OpenAI, SoftBank, and Oracle to build artificial intelligence infrastructure in the United States. The project, called "Stargate," will see $500 billion invested over the next four years, with 10 data centers already under construction in Texas and plans to expand nationwide.

Joined by SoftBank CEO Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison, Trump stressed the importance of keeping AI development within the U.S. to stay competitive globally. The initiative is expected to create over 100,000 jobs and drive advancements in areas like healthcare, with Altman noting its potential to significantly accelerate disease cures.

This effort positions the U.S. to lead in AI while boosting economic growth and innovation.

Mastering Client Attraction in The Age of AI

You'll discover:

• Simple AI systems that clone your marketing efforts.

• The #1 method for getting prospects off the fence and choose you NOW

• How to dramatically amplify your networking outcomes with 10x more contacts, meetings, and closed deal

• Slash your sales cycle: close deals in half the time

• Digital Selling Domination: 7 tactics for remote sales success in the modern era

• The most valuable online tool that's critical to success (Miss out on this and you'll never keep up!)

Quick Takes

• Perplexity Launches Sonar API: Perplexity unveiled "Sonar," an API allowing businesses to integrate its real-time, factual generative AI search tools into their apps. Offering both a cost-efficient base model and an advanced Pro version, Sonar aims to deliver reliable answers with citations, already powering tools like Zoom's AI assistant.

• Vertice Secures $50M to Revolutionize Software Spend: London-based Vertice, which uses AI to optimize software and cloud expenditure, has raised $50 million in Series C funding. By streamlining procurement and cutting costs by up to 30%, the startup has grown 13x in three years, serving global clients like Santander and ASML.

That’s all for Today!

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