Richard Haldenby says his average monthly bill for Harvest had risen from $130 (£95.50) to $2,110.
The app lets users create six-second looping videos and hosts more than two million classic videos.
The deal stems from a 2024 lawsuit alleging TikTok and its parent company ByteDance collected “vast amounts of data” on millions of users under the age of 13.
More than 300 companies are showcasing the latest advances in robotics at the five-day event in Beijing, China, organisers say.
The lawsuit alleges Twitch used streamers’ videos to train AI without their permission or proper compensation.
His comments come as the government urged TikTok and other social media firms to remove wrong-way driving videos.
The move comes weeks after a DJ admitted using AI to remix a Madonna song that topped the Australian charts.
The price of Bitcoin has risen in August but is still far below its peak almost a year ago – and companies are refitting their mines.
The deal has been reached during a California federal court trial over claims brought by 29 states.