Business
AI Boom and Bust: Industry Analysis
50 most visited tools and traffic behaviour over the past year, winners and losers and the reasons why.
Published
1 year agoon
By
AIinAsia
TL;DR
- AI industry analysis saw massive growth, with the top 50 tools attracting 24 billion visits in the last year.
- ChatGPT led the pack with 14 billion visits (60% of the traffic).
- The industry saw a 10.7x growth rate and an average monthly increase of 236.3 million visits.
- ChatGPT, Character AI, and Google Bard experienced the highest net traffic growth.
- US, India, and Europe contributed the most visits to the AI industry.
What’s This Article About?
The Artificial Intelligence (AI) industry has been on a whirlwind journey, reshaping landscapes across diverse sectors and igniting global fascination. This analysis delves deep into the heart of this dynamic field, unveiling the top 50 most visited AI tools, their traffic behaviour over the past year (September 2022 – August 2023), and the intriguing user trends that paint a vivid picture of the industry’s current state.
Methodology:
Employing the robust SEMrush software, a leading name in the SEO realm, we embarked on an extensive data collection process to conduct our AI industry analysis. Over 3,000 AI tools were meticulously scrutinised by scraping data from comprehensive online directories listing them. From this vast pool, we identified the top 50 most visited tools, capturing over 80% of the entire AI industry’s traffic within the analyzed timeframe.
Unveiling the Growth Story:
The findings paint a remarkable picture of the industry’s rapid growth. Collectively, the top 50 AI tools garnered a staggering 24 billion visits between September 2022 and August 2023. Leading the pack by a significant margin was ChatGPT, the AI chatbot phenomenon, with a colossal 14 billion visits, establishing its dominance by capturing 60.17% of the industry’s total traffic.
This growth wasn’t limited to isolated bursts; it manifested as a consistent upward trajectory. The industry observed a remarkable average monthly growth of 2 billion visits, with an impressive surge to 3.3 billion witnessed in the final 6 months of the analysis period. Translating this into a tangible metric, the top 50 analysed tools collectively experienced a phenomenal 10.7x growth rate, signifying an average monthly increase of 236.3 million visits.
Celebrating the Top Gainers, Including AI Chatbots:
The analysis wouldn’t be complete without highlighting the exceptional performers who witnessed significant net traffic growth. ChatGPT continued its reign at the top, adding a whopping 1.8 billion visits to its user base. Following closely behind were Character AI and Google Bard, demonstrating the growing appeal of AI-powered creative tools, by accumulating 463.4 million and 68 million additional visits, respectively.
The Other Side of the Coin: Unveiling the Losers:
While some soared, others faced challenges in maintaining their initial momentum. The analysis also revealed the top 5 tools that experienced the most significant traffic declines during the year. Craiyon, an AI image generator, dropped the most, followed by Midjourney, another AI art tool, and Quillbot, a text paraphrasing platform.
Understanding User Demographics Via Our AI Industry Analysis:
This analysis not only sheds light on traffic patterns but also unveils fascinating insights into the user base. The data demonstrates that the United States emerged as the leading contributor of visitors, accounting for 5.5 billion visits (22.62%). However, the global reach of AI is undeniable, with European countries collectively contributing 3.9 billion visits.
Furthermore, delving into user preferences reveals that AI chatbot tools garnered the highest user interest, attracting a staggering 19.1 billion visits in total. This highlights the growing demand for conversational AI applications and their potential to revolutionise how we interact with technology.
Mobile Dominance: A Defining Factor:
The analysis also emphasises the undeniable supremacy of mobile devices in today’s digital landscape. Over 63% of AI tool users accessed these tools via their smartphones or tablets, signifying the importance of prioritising mobile-friendly design and functionality for sustained user engagement.
Gender Gap: A Call for Action:
While the industry flourishes, it’s crucial to acknowledge an existing disparity in user demographics. The data reveals a gender gap, with approximately 69.5% of users being identified as male and 30.5% as female. This highlights the need for the AI industry to actively work towards bridging this gap and fostering a more inclusive environment that attracts and empowers individuals from diverse backgrounds.
Beyond the Numbers: A Look at the “Why”
This AI industry analysis delves deeper, exploring the potential reasons behind the success stories and declines witnessed by different tools. Several key factors emerge:
- Launch Timing and User Base: Newer AI tools might experience rapid initial growth, particularly if they cater to emerging trends. For example, tools like Character AI, launched in December 2022, saw significant user uptake due to their focus on creating interactive stories.
- Unique Features and Functionalities: Tools offering distinctive capabilities or user experiences can attract higher interest. For instance, the continued dominance of ChatGPT can be partially attributed to its user-friendly interface and ability to generate different creative text formats, catering to a wider range of user needs.
- Mobile App Availability: As highlighted earlier, mobile app availability plays a significant role in user engagement. Tools like Lensa, an AI photo editing app with a popular mobile app, experienced significant growth during the analysed period, solidifying the importance of mobile accessibility.
- Market Saturation and Competition: As the AI industry matures, competition intensifies. Established tools might face challenges in maintaining their initial growth trajectory, especially if they fail to adapt and innovate in a rapidly evolving landscape.
Looking Forward: Navigating the “Bust”
The recent pullback in traffic observed in the latter part of the analysed period necessitates further exploration. While the reasons for this decline remain multifaceted, potential contributing factors include:
- User Fatigue: The initial novelty of AI tools might wear off over time, leading to a decline in user engagement. Sustaining user interest necessitates continuous innovation and the introduction of new features and functionalities.
- Privacy Concerns: As AI capabilities become more sophisticated, concerns surrounding data privacy and security become increasingly prominent. Addressing these concerns transparently and prioritizing user privacy is crucial for fostering trust and long-term user engagement.
- Ethical Considerations: The ethical implications of AI development and deployment require ongoing discussion and consideration. Ensuring responsible AI development and addressing potential biases within algorithms is essential for building trust and ensuring ethical use of this powerful technology.
Conclusion – What Does Our AI Industry Analysis Tell Us About The Future?
The AI industry analysis shows that, while experiencing a period of immense growth, there is a complex and evolving landscape. The findings presented in this analysis offer valuable insights into user trends, tool popularity, and potential challenges. As the industry navigates this period of “boom and bust,” embracing continuous innovation, addressing user concerns, and prioritising responsible development will be paramount in ensuring the sustainable and ethical advancement of AI for the benefit of society.
Will the recent decline in AI tool user engagement signal a short-lived fad or a fundamental shift in user expectations, forcing the industry to confront its limitations and redefine its approach to capture and retain the public’s imagination? Let us know in the comments below!
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Build Your Own Agentic AI — No Coding Required
Want to build a smart AI agent without coding? Here’s how to use ChatGPT and no-code tools to create your own agentic AI — step by step.
Published
3 days agoon
May 9, 2025By
AIinAsia
TL;DR — What You Need to Know About Agentic AI
- Anyone can now build a powerful AI agent using ChatGPT — no technical skills needed.
- Tools like Custom GPTs and Make.com make it easy to create agents that do more than chat — they take action.
- The key is to start with a clear purpose, test it in real-world conditions, and expand as your needs grow.
Anyone Can Build One — And That Includes You
Not too long ago, building a truly capable AI agent felt like something only Silicon Valley engineers could pull off. But the landscape has changed. You don’t need a background in programming or data science anymore — you just need a clear idea of what you want your AI to do, and access to a few easy-to-use tools.
Whether you’re a startup founder looking to automate support, a marketer wanting to build a digital assistant, or simply someone curious about AI, creating your own agent is now well within reach.
What Does ‘Agentic’ Mean, Exactly?
Think of an agentic AI as something far more capable than a standard chatbot. It’s an AI that doesn’t just reply to questions — it can actually do things. That might mean sending emails, pulling information from the web, updating spreadsheets, or interacting with third-party tools and systems.
The difference lies in autonomy. A typical chatbot might respond with a script or FAQ-style answer. An agentic AI, on the other hand, understands the user’s intent, takes appropriate action, and adapts based on ongoing feedback and instructions. It behaves more like a digital team member than a digital toy.
Step 1: Define What You Want It to Do
Before you dive into building anything, it’s important to get crystal clear on what role your agent will play.
Ask yourself:
- Who is going to use this agent?
- What specific tasks should it be responsible for?
- Are there repetitive processes it can take off your plate?
For instance, if you run an online business, you might want an agent that handles frequently asked questions, helps users track their orders, and flags complex queries for human follow-up. If you’re in consulting, your agent could be designed to book meetings, answer basic service questions, or even pre-qualify leads.
Be practical. Focus on solving one or two real problems. You can always expand its capabilities later.
Step 2: Pick a No-Code Platform to Build On
Now comes the fun part: choosing the right platform. If you’re new to this, I recommend starting with OpenAI’s Custom GPTs — it’s the most accessible option and designed for non-coders.
Custom GPTs allow you to build your own version of ChatGPT by simply describing what you want it to do. No technical setup required. You’ll need a ChatGPT Plus or Team subscription to access this feature, but once inside, the process is remarkably straightforward.
If you’re aiming for more complex automation — such as integrating your agent with email systems, customer databases, or CRMs — you may want to explore other no-code platforms like Make.com (formerly Integromat), Dialogflow, or Bubble.io. These offer visual builders where you can map out flows, connect apps, and define logic — all without needing to write a single line of code.
Step 3: Use ChatGPT’s Custom GPT Builder
Let’s say you’ve opted for the Custom GPT route — here’s how to get started.
First, log in to your ChatGPT account and select “Explore GPTs” from the sidebar. Click on “Create,” and you’ll be prompted to describe your agent in natural language. That’s it — just describe what the agent should do, how it should behave, and what tone it should take. For example:
“You are a friendly and professional assistant for my online skincare shop. You help customers with questions about product ingredients, delivery options, and how to track their order status.”
Once you’ve set the description, you can go further by uploading reference materials such as product catalogues, FAQs, or policies. These will give your agent deeper knowledge to draw from. You can also choose to enable additional tools like web browsing or code interpretation, depending on your needs.
Then, test it. Interact with your agent just like a customer would. If it stumbles, refine your instructions. Think of it like coaching — the more clearly you guide it, the better the output becomes.
Step 4: Go Further with Visual Builders
If you’re looking to connect your agent to the outside world — such as pulling data from a spreadsheet, triggering a workflow in your CRM, or sending a Slack message — that’s where tools like Make.com come in.
These platforms allow you to visually design workflows by dragging and dropping different actions and services into a flowchart-style builder. You can set up scenarios like:
- A user asks the agent, “Where’s my order?”
- The agent extracts key info (e.g. email or order number)
- It looks up the order via an API or database
- It responds with the latest shipping status, all in real time
The experience feels a bit like setting up rules in Zapier, but with more control over logic and branching paths. These platforms open up serious possibilities without requiring a developer on your team.
Step 5: Train It, Test It, Then Launch
Once your agent is built, don’t stop there. Test it with real people — ideally your target users. Watch how they interact with it. Are there questions it can’t answer? Instructions it misinterprets? Fix those, and iterate as you go.
Training doesn’t mean coding — it just means improving the agent’s understanding and behaviour by updating your descriptions, feeding it more examples, or adjusting its structure in the visual builder.
Over time, your agent will become more capable, confident, and useful. Think of it as a digital intern that never sleeps — but needs a bit of initial training to perform well.
Why Build One?
The most obvious reason is time. An AI agent can handle repetitive questions, assist users around the clock, and reduce the strain on your support or operations team.
But there’s also the strategic edge. As more companies move towards automation and AI-led support, offering a smart, responsive agent isn’t just a nice-to-have — it’s quickly becoming an expectation.
And here’s the kicker: you don’t need a big team or budget to get started. You just need clarity, curiosity, and a bit of time to explore.
Where to Begin
If you’ve got a ChatGPT Plus account, start by building a Custom GPT. You’ll get an immediate sense of what’s possible. Then, if you need more, look at integrating Make.com or another builder that fits your workflow.
The world of agentic AI is no longer reserved for the technically gifted. It’s now open to creators, business owners, educators, and anyone else with a problem to solve and a bit of imagination.
What kind of AI agent would you build — and what would you have it do for you first? Let us know in the comments below!
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Is AI Really Paying Off? CFOs Say ‘Not Yet’
CFOs are struggling with AI monetisation, with many failing to capture its financial value, essential for AI’s success in the boardroom.
Published
5 days agoon
May 8, 2025By
AIinAsia
TL;DR — What You Need to Know:
- AI monetisation is a priority: Despite AI’s transformative potential, 71% of CFOs say they’re still struggling to make money from it.
- Traditional pricing is outdated: 68% of tech firms find their legacy pricing models don’t work for AI-driven economies.
- Boardrooms are getting serious: AI monetisation is now a formal boardroom priority, but the tools to track usage and profitability remain limited.
Global Bean Counters are Struggling to Unlock AI Monetisation, and That’s a Huge Issue
AI is being hailed as the next big thing in business transformation, yet many companies are still struggling to capture its financial value.
A new global study of 614 CFOs conducted by DigitalRoute reveals that nearly three-quarters (71%) of these executives say they are struggling to monetise AI effectively, despite nearly 90% naming it a mission-critical priority for the next five years.
But here’s the kicker: only 29% of companies have a working AI monetisation model. The rest? They’re either experimenting or flying blind.
So, what’s the hold-up? Well, it’s clear: traditional pricing strategies just don’t fit the bill in an AI-driven economy. Over two-thirds (68%) of tech firms say their legacy pricing models are no longer applicable when it comes to AI. And even though AI has moved to the boardroom’s priority list — 64% of CFOs say it’s now a formal focus — many are still unable to track individual AI consumption, making accurate billing, forecasting, and margin analysis a serious challenge.
The concept of an AI “second digital gold rush” has been floating around, with experts like Ari Vanttinen, CMO at DigitalRoute, pointing out that companies are gambling with pricing and profitability without real-time metering and revenue management systems.
This is where the real opportunities lie. Vanttinen’s insight?
“Every prompt is now a revenue event.”
So, businesses that can meter AI consumption at the feature level and align their finance and product teams around shared data will unlock the margins the market expects.
Regional differences are also apparent in the study. Nordic countries are leading in AI implementation but are struggling with profitability. Meanwhile, France and the UK are showing stronger early commercial returns. The US, while leading in AI development, is more cautious when it comes to monetisation at the organisational level.
Here’s the key takeaway for CFOs: AI is a long-term play, but to scale successfully, businesses need to align their product, finance, and revenue teams around usage-based pricing, invest in new revenue management infrastructure, and begin tracking consumption at the feature level from day one.
The clock is ticking — CFOs need to stop treating AI as a cost line and start seeing it as a genuine profit engine.
So, what’s holding your company back from capturing AI’s full value?
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Anthropic’s CEO Just Said the Quiet Part Out Loud — We Don’t Understand How AI Works
Anthropic’s CEO admits we don’t fully understand how AI works — and he wants to build an “MRI for AI” to change that. Here’s what it means for the future of artificial intelligence.
Published
6 days agoon
May 7, 2025By
AIinAsia
TL;DR — What You Need to Know
- Anthropic CEO Dario Amodei says AI’s decision-making is still largely a mystery — even to the people building it.
- His new goal? Create an “MRI for AI” to decode what’s going on inside these models.
- The admission marks a rare moment of transparency from a major AI lab about the risks of unchecked progress.
Does Anyone Really Know How AI Works?
It’s not often that the head of one of the most important AI companies on the planet openly admits… they don’t know how their technology works. But that’s exactly what Dario Amodei — CEO of Anthropic and former VP of research at OpenAI — just did in a candid and quietly explosive essay.
In it, Amodei lays out the truth: when an AI model makes decisions — say, summarising a financial report or answering a question — we genuinely don’t know why it picks one word over another, or how it decides which facts to include. It’s not that no one’s asking. It’s that no one has cracked it yet.
“This lack of understanding”, he writes, “is essentially unprecedented in the history of technology.”
Unprecedented and kind of terrifying.
To address it, Amodei has a plan: build a metaphorical “MRI machine” for AI. A way to see what’s happening inside the model as it makes decisions — and ideally, stop anything dangerous before it spirals out of control. Think of it as an AI brain scanner, minus the wires and with a lot more math.
Anthropic’s interest in this isn’t new. The company was born in rebellion — founded in 2021 after Amodei and his sister Daniela left OpenAI over concerns that safety was taking a backseat to profit. Since then, they’ve been championing a more responsible path forward, one that includes not just steering the development of AI but decoding its mysterious inner workings.
In fact, Anthropic recently ran an internal “red team” challenge — planting a fault in a model and asking others to uncover it. Some teams succeeded, and crucially, some did so using early interpretability tools. That might sound dry, but it’s the AI equivalent of a spy thriller: sabotage, detection, and decoding a black box.
Amodei is clearly betting that the race to smarter AI needs to be matched with a race to understand it — before it gets too far ahead of us. And with artificial general intelligence (AGI) looming on the horizon, this isn’t just a research challenge. It’s a moral one.
Because if powerful AI is going to help shape society, steer economies, and redefine the workplace, shouldn’t we at least understand the thing before we let it drive?
What happens when we unleash tools we barely understand into a world that’s not ready for them?
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