1 dataset found
  1. AI market size worldwide from 2020-2030

    • ai-chatbox.pro
    • statista.com
    Updated Dec 15, 2024
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    Bergur Thormundsson (2024). AI market size worldwide from 2020-2030 [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstudy%2F101793%2Finfosys-limited%2F%23XgboD02vawLKoDs%2BT%2BQLIV8B6B4Q9itA
    Explore at:
    Dataset updated
    Dec 15, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Bergur Thormundsson
    Description

    The market for artificial intelligence grew beyond 184 billion U.S. dollars in 2024, a considerable jump of nearly 50 billion compared to 2023. This staggering growth is expected to continue with the market racing past 826 billion U.S. dollars in 2030. AI demands data Data management remains the most difficult task of AI-related infrastructure. This challenge takes many forms for AI companies. Some require more specific data, while others have difficulty maintaining and organizing the data their enterprise already possesses. Large international bodies like the EU, the US, and China all have limitations on how much data can be stored outside their borders. Together these bodies pose significant challenges to data-hungry AI companies. AI could boost productivity growth Both in productivity and labor changes, the U.S. is likely to be heavily impacted by the adoption of AI. This impact need not be purely negative. Labor rotation, if handled correctly, can swiftly move workers to more productive and value-added industries rather than simple manual labor ones. In turn, these industry shifts will lead to a more productive economy. Indeed, AI could boost U.S. labor productivity growth over a 10-year period. This, of course, depends on a variety of factors, such as how powerful the next generation of AI is, the difficulty of tasks it will be able to perform, and the number of workers displaced.

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Click to copy link
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Close
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Bergur Thormundsson (2024). AI market size worldwide from 2020-2030 [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstudy%2F101793%2Finfosys-limited%2F%23XgboD02vawLKoDs%2BT%2BQLIV8B6B4Q9itA
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AI market size worldwide from 2020-2030

Explore at:
Dataset updated
Dec 15, 2024
Dataset provided by
Statistahttp://statista.com/
Authors
Bergur Thormundsson
Description

The market for artificial intelligence grew beyond 184 billion U.S. dollars in 2024, a considerable jump of nearly 50 billion compared to 2023. This staggering growth is expected to continue with the market racing past 826 billion U.S. dollars in 2030. AI demands data Data management remains the most difficult task of AI-related infrastructure. This challenge takes many forms for AI companies. Some require more specific data, while others have difficulty maintaining and organizing the data their enterprise already possesses. Large international bodies like the EU, the US, and China all have limitations on how much data can be stored outside their borders. Together these bodies pose significant challenges to data-hungry AI companies. AI could boost productivity growth Both in productivity and labor changes, the U.S. is likely to be heavily impacted by the adoption of AI. This impact need not be purely negative. Labor rotation, if handled correctly, can swiftly move workers to more productive and value-added industries rather than simple manual labor ones. In turn, these industry shifts will lead to a more productive economy. Indeed, AI could boost U.S. labor productivity growth over a 10-year period. This, of course, depends on a variety of factors, such as how powerful the next generation of AI is, the difficulty of tasks it will be able to perform, and the number of workers displaced.

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