Global consumer spending on generative AI is forecasted to surge to $699 billion by 2030, according to a report from Counterpoint Research. This marks a significant increase from $225 billion in 2023, with a compound annual growth rate of 21%. The report highlights AI conversational platforms as the fastest-growing segment, with personal assistant AI and content generation tools also poised for substantial growth. By 2030, monthly active users on global AI conversational platforms are expected to surpass 5 billion.