Anyone can build an app now. But nobody seems to care. Well, not nobody. VCs keep funding startups that add AI to, well, everything. But users aren’t buying the massive influx of new apps. In a chart based on the new National Bureau of Economic Research’s working paper “,” iOS app releases have exploded since the advent of agentic AI. That would perhaps be cause for celebration had app reviews not declined during this same period, and apps with significant usage have stayed essentially flat. ...

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