Jaden Schaefer
๐ค SpeakerAppearances Over Time
Podcast Appearances
Check out the new advancements we made.
Like it's going to make planning your travel itinerary like a thousand times faster.
Like just say you want to go to Greece and it's going to give you like a 15 day itinerary with everything you need to do every hour.
Now, I don't know how often people are planning their travel itineraries.
I don't know why this is the one demo we get stuck on with everyone.
And I apologize for my voice on my demo voice there.
But it is just one of the things that drives me crazy.
And it's so wild to see that only 12% of the travel apps are actually using this.
Well, every single AI company is basically using this category as the main demo of a use case, and it just doesn't turn out to be that useful, or I guess the demand isn't there.
Business also has a 19.1% rate of having AI inside of the apps, the business category.
I think we're...
things get a lot more surprising is customer retention.
So across both monthly and annual subscription plans, AI powered apps consistently were underperforming just regular non-AI apps.
After 12 months, AI apps had about a 21% retention rate for their subscribers.
So if 100 people subscribe on day one, 12 months later,
only 21 of those will still be subscribed compared to over 30%, 30.7% for non-AI apps.
So 10% higher if you don't have AI embedded in there.
Now, I think there's gonna be some things that obviously skew that, which is that a lot of these AI apps are kind of a new, interesting use case and people are gonna be trying them out
for the first time.
I also think that there's a lot of hype and if the AI can't do exactly what you want perfectly, you're going to move on.