Global AI market share to hit $15.7 trillion

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The rapid growth of artificial intelligence, AI, has been a notable trend in recent years and is expected to continue in the foreseeable future.

AI technologies are being applied across various industries and domains, transforming business processes, enhancing efficiency, and enabling new capabilities.

The proliferation of data from various sources, including sensors, social media, and connected devices, provides the raw material needed for AI algorithms to learn and make informed decisions. There has also been a surge in investment in AI research and development by both the public and private sectors, leading to rapid advancements in the field, while many industries, including healthcare, finance, retail, and automotive, are increasingly adopting AI technologies to drive innovation, improve decision-making, and enhance customer experiences.

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