PANews reported on December 25th that a new report from Counterpoint Research shows that global consumer spending on generative AI is projected to grow from $225 billion in 2023 to $699 billion in 2030, representing a compound annual growth rate (CAGR) of 21%. Looking at specific sectors, AI conversational platforms are the fastest-growing segment, while personal assistant AI and content generation tools are also expected to see significant expansion. By 2030, the number of monthly active users (MAUs) on global AI conversational platforms is projected to exceed 5 billion.