40 Top Artificial Intelligence (AI) Statistics
- Updated on 1 Apr 2024
- 3 min
Artificial Intelligence (AI) is changing the game for industries, economies, and societies.
In recent years, we’ve seen incredible AI breakthroughs that were once only imaginable in science fiction — like self-driving cars, advanced chatbots, and personalized medicine.
That’s why this article is diving into the latest AI stats, covering everything from investment flows and market growth to innovation trends and workforce impacts.
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Key AI Statistics for 2024
- The global market for AI is valued at more than $196 billion.
- The value of the AI industry is expected to increase by over 13 times in the next seven years.
- The US AI market is forecast to reach $299.64 billion by 2026.
- By 2025, as many as 97 million people could work in the AI field.
- 48% of all businesses use some form of AI to effectively utilize big data.
- By 2030, AI is expected to increase the United States GDP by 21%
- Over 75% of consumers are concerned about AI-generated misinformation.
Artificial Intelligence Market Size
- The AI market is worth around $196.63 billion.
- The global AI market is expected to reach $1.81 trillion by 2030.
- By 2026, business analysts estimated that the US AI market size will reach nearly $300 billion.
- The AI software market’s global annual revenue is currently over $50 billion.
- ChatGPT reached 1 million users in 5 days.
Artificial Intelligence Adoption
- Approximately 4 in 10 organizations have plans to utilize AI.
- Global AI is growing at a CAGR of almost 40%.
- AI service revenue will have increased by over 6x in the space of 5 years.
- AI tech can increase revenue by over $15 trillion in the next decade.
- Almost 100 million will be working in the AI space by 2025.
- China will account for more than one-quarter of the global AI market by the end of the decade.
How Businesses Adopt Artificial Intelligence
- Around 4 in 5 companies deem AI to be a top priority in their business strategy.
- 9 in 10 organizations back AI to give them a competitive edge over rivals.
- 80% of retail executives expect their businesses to adopt AI automation by 2025.
- Around 17 in 20 CEOs claimed AI would be “mainstream technology” in their company.
- AI is expected to improve employee productivity by 40%.
- Netflix’s recommendations technology is worth $1 billion in revenue annually.
- More than half of telecommunications organizations use chatbots.
- Nearly half of all businesses use some form of machine learning, data analysis, or AI.
- The manufacturing industry stands to gain $3.78 trillion from AI by 2035.
- AI-powered self-driving vehicles gross more than $170 billion in annual revenue worldwide.
- AI tech is expected to increase banking industry revenue by $1 billion in the next three years.
AI in Marketing, Customer Service, and Sales Statistics
- Marketing and sales departments prioritize AI and ML for market revenue success 40% more than other industry departments.
- AI algorithms increase leads by as much as 50%.
- Around 4 in 10 marketers believe that AI email marketing improves market revenue.
- 19 in every 20 customer interactions will be AI-assisted by 2025.
Popular AI Function Statistics
- There are over 4 billion voice assistants currently in use.
- More than half of Americans use voice assistants for information purposes.
- By the end of 2024, the NLP market share is forecast to increase to over $37 billion.
- As of 2021, 57% of businesses using AI/ML used the technology to improve customer experience.
- ML allows Oxford University’s AI system to read lips at a 93% accuracy level.
- Whatsapp produces over 100 billion AI-processed messages each day.
- Only 10% of data is considered to be “structured”.
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AI Challenges & Predictions
- Job loss is a primary concern for AI skeptics.
- Elon Musk warns that AI services could overtake humans by 2025.
- Around 3 in 4 CEOs worry about limited transparency in the AI market.
- Transportation and storage workers face the greatest risk of job automation.
- Across all US industries, AI and ML are expected to replace 16% of all US jobs in less than half a decade.
Conclusion
Looking at AI stats, it’s obvious AI is a big part of our world today — businesses use AI to get better, faster, and to help customers more.
But AI’s growth also means some jobs will change, and we need to think carefully about how we use AI.
The future of AI is about making it work for everyone, keeping in mind the right way to use it, and ensuring people are ready for the changes it brings.
