Very good data from respected sources!

FOR EDUCATIONAL AND KNOWLEDGE SHARING PURPOSES ONLY. NOT-FOR-PROFIT. SEE COPYRIGHT DISCLAIMER.

AI investment forecast to approach $200 billion globally by 2025 – Goldman Sachs

Published 01 AUG 2023
Generative AI has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage, Goldman Sachs economists Joseph Briggs and Devesh Kodnani write in the team’s report. But for large-scale transformation to happen, businesses will need to make significant upfront investment in physical, digital, and human capital to acquire and implement new technologies and reshape business processes. Those investments, which could amount to around $200 billion globally by 2025, will probably happen before adoption and efficiency gains start driving major gains in productivity.

AI Market Statistics (Jan 2024)

This is a list of up-to-date artificial intelligence stats for 2024. From ChatGPT to autonomous vehicles, AI is one of the most exciting (and controversial) technology trends happening in the 21st century.

Top AI Statistics

  1. The global AI market is valued at over $136 billion.
  2. AI industry value is projected to increase by over 13x over the next 7 years.
  3. The US AI market is forecast to reach $299.64 billion by 2026.
  4. The AI market is expanding at a CAGR of 38.1% between 2022 to 2030.
  5. By 2025, as many as 97 million people will work in the AI space.
  6. AI market size is expected to grow by at least 120% year-over-year.
  7. 83% of companies claim that AI is a top priority in their business plans.
  8. Netflix makes $1 billion annually from automated personalized recommendations.
  9. 48% of businesses use some form of AI to utilize big data effectively.
  10. 38% of medical providers use computers as part of their diagnosis.

Sources

Learn more

Learn more

AI INDEX ANNUAL REPORT by Stanford HAI

The AI Index is an independent initiative at the Stanford Institute for Human-Centered Artificial Intelligence (HAI), led by the AI Index Steering Committee, an interdisciplinary group of experts from across academia and industry. The annual report tracks, collates, distills, and visualizesdata relating to artificial intelligence, enabling decision-makers to take meaningful action to advance AI responsibly and ethically with humans in mind. The AI Index collaborates with many different organizations to track progress in artificial intelligence. These organizations include: the Center for Security and Emerging Technology at Georgetown University, LinkedIn, NetBase Quid, Lightcast, and McKinsey. The 2023 report also features more self-collected data and original analysis than ever before. This year’s report included new analysis on foundation models, including their geopolitics and training costs, the environmental impact of AI systems, K-12 AI education, and public opinion trends in AI. The AI Index also broadened its tracking of global AI legislation from 25 countries in 2022 to 127 in 2023.

FOR EDUCATIONAL AND KNOWLEDGE SHARING PURPOSES ONLY. NOT-FOR-PROFIT. SEE COPYRIGHT DISCLAIMER.