[Institutions: Global Generative AI Consumer Spending Expected to Reach $699 Billion by 2030] Odaily Planet Daily News – According to the latest report from Counterpoint Research, global generative AI consumer spending is expected to grow from $225 billion in 2023 to $699 billion by 2030, with a compound annual growth rate (CAGR) of 21%. Among the sub-sectors, AI conversational platforms are the fastest-growing segment, while personal assistant AI and content generation tools are also expected to achieve significant expansion. By 2030, the global monthly active users (MAUs) of AI conversational platforms are projected to exceed 5 billion. (Jin10)