a16z: Top 50 Generative AI Revealed; ChatGPT, CharacterAI, Bard, Poe, QuillBot Rank Top 5

Generative AI (GenAI) has been making waves in the consumer space, with ChatGPT leading the charge. Nine months post its release, ChatGPT became the fastest consumer application to achieve 100 million monthly active users. But how are consumers engaging with other GenAI products? A recent analysis by Olivia Moore from a16z provides insights into this burgeoning field.

A Surge in New GenAI Products

According to SimilarWeb data from June 2023, 80% of the top 50 GenAI web products didn’t exist just a year ago. This indicates a rapid evolution in the GenAI space, with many new entrants. Interestingly, while big tech has made its presence felt with products like Bard (Google) and Clipchamp (Microsoft), 48% of the companies on the list are bootstrapped, having received no external funding.

ChatGPT’s Dominance

ChatGPT accounts for a staggering 60% of the monthly traffic to the top 50 GenAI products, translating to approximately 1.6 billion monthly visits and 200 million users as of June 2023. This places ChatGPT as the 24th most visited website globally. However, CharacterAI is emerging as a strong contender, capturing about 21% of ChatGPT’s scale, especially on mobile platforms.

GenAI Categories in Focus

General LLM chatbots, including ChatGPT, Bard, and Poe, dominate the GenAI space, accounting for 68% of the total consumer traffic. However, AI companions like CharacterAI and content generation tools such as Midjourney are gaining traction. Within content generation, image generation tools lead with 41% traffic, followed by writing tools at 26%.

The Competitive Landscape

While some early “winners” in the GenAI space have emerged, many product categories remain open for innovation. The traffic difference between the top two players in most categories is less than 2x, suggesting ample opportunities for new entrants.

Organic Growth and Monetization

GenAI products have witnessed significant organic growth, with the majority having no paid marketing. Remarkably, 90% of the companies on the list have already started monetizing, primarily through subscription models. The average GenAI product earns $21/month from users on monthly plans.

The Shift to Mobile

While most consumer AI products have started as browser-first, the trend is slowly shifting towards mobile. Currently, only 15 of the top 50 GenAI companies have a live mobile app. However, with consumers spending more time on mobile than desktop, a shift towards mobile-first GenAI products is anticipated.

In conclusion, the GenAI space is evolving rapidly, with ChatGPT setting the pace. As the technology matures, it will be interesting to see how consumer engagement and product offerings change. 

Image source: Shutterstock


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Mindgrasp: Everything You Need to Know

Mindgrasp is an innovative platform that leverages artificial intelligence (AI) to assist students, professionals, and lifelong learners in various educational and cognitive tasks. This article provides a comprehensive overview of Mindgrasp, detailing its features, methodologies, pricing, and how it compares to other tools in the market.


1. Document Analysis

Mindgrasp allows users to upload various types of documents, such as books, essays, resumes, research articles, and legal case files. The AI Assistant can provide critiques, suggestions, or quick searches based on the uploaded content.

2. Lecture Slide Conversion

The platform can convert full lecture slides into clear and detailed notes, aiding students in following along with lectures in class.

3. Video Summarization

Mindgrasp’s Video Summarizer tool can quickly convert videos into text format, saving hours of transcription time. It’s useful for students, professionals, and sales teams, summarizing YouTube videos or any other type of video content.

4. ChatGPT for Essays

Mindgrasp offers a solution to avoid ChatGPT checkers, enhancing the quality of essays by enabling students to find relevant quotes from sources with ease and speed.

5. Question-Answering AI

Users can ask Mindgrasp’s AI questions in clear and concise language, receiving quick and accurate answers. This feature includes natural language processing, image recognition, and sentiment analysis.

6. Summarization Tools

Mindgrasp competes with other summarization tools like Otter.ai, providing quick summaries of documents. It can work with any source, answering paragraph and free-response questions directly from the reading.

Methodologies and Values

Mindgrasp’s dedication to excellence is underpinned by research-backed methodologies. Collaborating with experts in education and AI, the platform develops scientifically sound and ethically responsible solutions. Mindgrasp focuses on core values, prioritizing ethical AI use, and employing research-backed methodologies to make a meaningful impact on the education landscape.


Mindgrasp offers the ability to upload over 10 files at once. After 3 free tries, the tool costs $6.99/month. As of the information gathered, this pricing is competitive, and there is a possibility that prices may rise as demand increases.

Privacy, Security, and Legal Concern

Mindgrasp takes privacy, security, and legal considerations seriously. The platform collects personal information, usage information, and utilizes cookies to optimize user experiences. This data is used for general purposes, personalization, and may be subject to international transfer. Mindgrasp has implemented measures to keep personal information secure and respects users’ rights to know, access, correct, transfer, restrict processing, and delete their personal information. The service also adheres to age limitations to protect children’s privacy and provides updates and notifications regarding changes to the privacy policy.


Mindgrasp vs. Otter.ai

Both Mindgrasp and Otter.ai are popular summarization tools, but they cater to different needs. While both platforms aim to save users time and energy when summarizing materials, Mindgrasp is designed to provide detailed notes and summaries on a wide range of uploaded content. In contrast, Otter.ai primarily focuses on transcribing spoken content.

Mindgrasp vs. Quillbot

Mindgrasp stands out from Quillbot due to its design specifically for students. Unlike Quillbot, Mindgrasp uses artificial intelligence to generate summaries and detailed notes on any uploaded content, without any limitations on the length or type of source.

Mindgrasp vs. Homeworkify

Mindgrasp and Homeworkify are both AI-powered educational platforms, but they serve different purposes. Mindgrasp focuses on document analysis, lecture slide conversion, video summarization, and essay assistance, providing critiques, suggestions, and quick searches based on uploaded content. Homeworkify, founded in 2023, offers a broader range of services, including a homework scanner, question and answer forum, mock quizzes, customizable learning options, essay assistance, exam preparation, and live tutoring. While Mindgrasp emphasizes summarization and analysis, Homeworkify provides a more comprehensive suite of educational tools, including real-time assistance and personalized learning paths. Both platforms contribute to making education more accessible and engaging, but they cater to different aspects of the learning process.


Mindgrasp is a trailblazing platform that harnesses the power of AI to make learning more accessible and engaging. Its unique features, research-backed methodologies, competitive pricing, and robust privacy and security measures make it an excellent option for students and professionals alike. By transforming AI from a lofty concept into a tangible tool, Mindgrasp is already making waves in the education sector, offering a promising future for AI-driven learning.

Image source: Shutterstock


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