OpenAI started an AI revolution with the release of ChatGPT. For some developers, the revolution is also earning millions.
I touched on how many developers are jumping on the AI chatbot wave and releasing "smart" apps to the App Store and Google Play last week and ended by saying that the top apps have earned more than a million dollars so far.
That was really just a quick statement and not a real analysis, and many have asked me to justify it, so I looked through the top chart in the US App Store right now and summed up the revenue of all AI chatbots that ranked in the top 50.
There are exactly four, and they include Kiyo, Genie, AI Chatbot, and Ask AI. The latter just started monetizing so I'm going to exclude it to keep things even.
Together, the trio earned $3M in net revenue from the App Store since the beginning of the year, according to our intelligence. That's quite a lot. In addition to that haul, the trend is also very positive for all three apps, which are averaging $20K - $30K in revenue every day. And that's net, meaning after paying Apple.
And all of that revenue is coming from subscriptions, meaning it'll continue to grow as AI continues to penetrate the mainstream.
If you're developing an AI chatbot right now make sure to do all of your optimizations ahead of time. By that I mean research your initial set of keywords for the name/subtitle/keyword list (or short/long description for Google), figure out what you want to/can spend on paid ads to kickstart it, and make sure your app is optimized to convert downloads into ratings.
Doing this ahead of your launch could make the difference between the app succeeding and the app drowning in the sea of chatbots that are making their way into the stores.
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