78 Artificial Intelligence Statistics and Trends for 2024 – saimmalik

The age of synthetic intelligence is really right here.

In 2023, we noticed a sequence of monumental developments on this planet of AI—from the launch of OpenAI’s GPT-4 to Google’s rollout of AI-powered search.

And after a 12 months of such drastic technological modifications, companies of all sizes are questioning to what extent they need to experience the AI wave. 

In the present day, we’ll discover essentially the most up-to-date synthetic intelligence stats that will help you determine if it’s time for your corporation to embrace AI. 

Most Necessary AI Statistics

1. AI may add a staggering $25.6 trillion to the world’s economic system (McKinsey, 2023)
2. Two-thirds of jobs may very well be partially automated by AI. However many of those jobs might be complemented by AI, not substituted by it. (Goldman Sachs, 2023)
3. In 2023, the worldwide AI market measurement was near $208 billion. By 2030, the market measurement is anticipated to succeed in practically $2 trillion (Statista, 2023)

4. In 2023, the worldwide AI market was valued at $142.3 billion (Statista, 2023)
5. Seventy-three p.c of U.S. corporations use AI in some side of their enterprise (PwC, 2023)
6. Over 25% of investments in American startups went to an AI-related firm in 2023. By comparability, synthetic intelligence startups obtained round 12% of complete funding between 2018 and 2022. (Crunchbase, 2023)
7. Following its launch in November 2022, ChatGPT reached over 1,000,000 customers in 5 days and 100 million customers inside two months. This made it the fastest-growing shopper app ever on the time (a report since overwhelmed by Fb’s Threads app). (Statista, 2023)
8. Fifty-four p.c of corporations had used generative AI of their enterprise by November 2023—only one 12 months since ChatGPT was launched (PwC, 2023)
9. OpenAI (the corporate behind ChatGPT) is looking for a valuation of as much as $90 billion as of October 2023 (New York Post, 2023)
10. Over 20% of generative AI customers are 25- to 34-year-olds (Insider Intelligence. 2023)

Key Takeaways

These stats underscore that the speedy progress of the AI market is about to proceed for the foreseeable future, doubtlessly including tens of trillions of {dollars} to the worldwide economic system. 

AI adoption is already remarkably widespread amongst U.S. companies. And though AI will probably impression most employees instantly, it stays to be seen to what extent this new expertise will increase or exchange individuals’s jobs. 

AI Statistics for Enterprise

11. Organizations estimate that 34% of all business-related duties right now are carried out by machines (World Economic Forum, 2023)
12. On common, companies can anticipate a 6% to 10% income improve from adopting AI (Statista, 2023)
13. AI may improve labor productiveness progress by 1.5 proportion factors over the subsequent decade (Statista, 2023)
14. Over 80% of Fortune 500 corporations had adopted ChatGPT inside their enterprise by August 2023 (OpenAI, 2023)
15. Forty-six p.c of American corporations have saved between $25,000 and $70,000 by utilizing ChatGPT (Statista, 2023)

16. In October 2023, 55% of organizations have been piloting or implementing generative AI options (Gartner, 2023)
17. In July 2023, 79% of company strategists mentioned that expertise like synthetic intelligence can be crucial to their success within the subsequent two years (Gartner, 2023)
18. Fifty p.c of strategic planning and execution actions may very well be automated, in line with strategists. Presently, solely 15% of such actions are automated. (Gartner, 2023)
19. The worldwide market measurement for AI in manufacturing was $5 billion in 2023 and is forecast to succeed in $68 billion by 2032 (Precedence Research, 2023)
20. The worldwide market measurement for AI in telecommunication was $1.45 billion in 2022. It’s anticipated to develop at a compound annual progress fee of 28.2% from 2023 to 2030 (Grand View Research, 2023)
21. The retail AI market is anticipated to develop at a compound annual progress fee of 30% from 2023 to 2030 (Global Market Insights, 2023)
22. One-fifth of all industries use synthetic intelligence throughout service operations and company finance (Statista, 2023)
23. Over 30% of economic companies corporations use AI in product improvement (Statista, 2023)
24. Automation within the schooling sector is anticipated to extend threefold with using AI (Statista, 2023)
25. The market measurement for AI in safety was $21 billion in 2023 and is forecast to succeed in over $50 billion by 2028 (Mordor Intelligence, 2023)
26. The wearable AI market was valued at $20 billion in 2023 and is anticipated to succeed in $230 billion by 2033 (Fact MR, 2023)

Key Takeaways

These stats reveal how companies throughout varied industries have already adopted AI to reinforce effectivity and improve profitability. AI is about to drive vital productiveness positive factors over the approaching years, resulting in substantial market progress throughout a various vary of sectors.

AI Adoption Statistics and the Job Market

27. Present AI applied sciences can automate duties that soak up between 60% and 70% of employees’ time right now (McKinsey, 2023)
28. Round 80% of U.S. employees may have not less than 10% of their work affected by generative AI. 19% of the workforce may see greater than half of their work affected. (OpenAI, 2023)
29. AI adoption may result in not less than 20% of enterprise staff needing to be reskilled (Statista, 2023)
30. Information administration positions are prone to see the most important impression from AI. Round 90% of information processing positions and 80% of information assortment positions will probably turn into automated resulting from generative AI. (Statista, 2023)
31. At 78%, authorized occupations are the U.S. jobs most affected by generative AI (Forrester, 2023)
32. Fifty-two p.c of employed U.S. adults are involved AI will exchange their jobs (Mitre, 2023)
33. Forty-seven p.c of companies think about using AI over hiring new staff (Tech.co, 2023)

34. One in three companies may exchange staff with AI in 2024 (Resume Builder, 2023)
35. Ninety-six p.c of corporations hiring in 2024 say candidates with AI abilities might be (Resume Builder, 2023)

Key Takeaways

AI is already having a profound impression on the job market, with many corporations preferring to undertake AI options over hiring new staff. This pattern appears set to proceed as AI applied sciences automate increasingly more human duties. Many employees might be compelled to retrain to adapt to the evolving job panorama, together with buying new AI abilities.

AI Advertising and marketing Statistics

36. In 2023, 37% of individuals working in promoting or advertising within the U.S. had used AI at work (Statista, 2023)
37. Fourteen p.c of enterprise leaders repeatedly use generative AI in advertising and gross sales (McKinsey, 2023)
38. Sixty-seven p.c of entrepreneurs consider that growing the adoption of selling automation is crucial for buying and retaining prospects (Mailchimp, 2023)
39. Eighty-eight p.c of entrepreneurs say they should improve using automation and AI to satisfy buyer expectations and keep aggressive (Mailchimp, 2023)
40. Nearly 20% of selling professionals have spent greater than 40% of their advertising funds on AI-driven campaigns (Influencer Marketing Hub, 2023)
41. Forty-four p.c of companies have used AI to write content (Influencer Marketing Hub, 2023)

Key Takeaways

AI is quickly gaining traction within the advertising sector. Many entrepreneurs acknowledge AI’s worth in streamlining buyer acquisition, enhancing marketing campaign effectiveness, and adapting to evolving buyer expectations.

Consumer Belief, AI Ethics, and Threat Administration

42. Solely 39% of U.S. adults consider present AI expertise is protected and safe (Mitre, 2023)
43. Eighty-five p.c of U.S. adults help a nationwide effort throughout authorities, trade, and academia to make synthetic intelligence protected (Mitre, 2023)
44. Eighty-percent of U.S. adults are involved about AI getting used for cyber assaults. And 78% are involved about it getting used for identification theft. (Mitre, 2023)
45. Seventy-eight p.c of enterprise leaders suppose the advantages of synthetic intelligence outweigh the dangers (Gartner, 2023)
46. Over one-third of organizations already use safety instruments to mitigate the dangers of generative AI (Gartner, 2023)
47. Fifty-six p.c of corporations say “inaccuracy” is the most important threat posed by adopting generative AI. But solely 32% of corporations have methods in place for mitigating such inaccuracies. (McKinsey, 2023)
48. Eighty-five p.c of Individuals need trade to share AI assurance practices earlier than bringing AI-enabled merchandise to market (Mitre, 2023)
49. Nearly 75% of company executives ranked AI ethics as vital in 2021 (in contrast with lower than 50% in 2018) (IBM, 2022)
50. Fewer than 20% of executives firmly consider their utilized AI ethics truly meet their acknowledged values (IBM, 2022)
51. Fifty-six p.c of executives don’t know if their organizations have moral requirements in place for guiding using generative AI (Deloitte, 2023)

52. Solely 40% of individuals belief corporations to be moral of their use of recent expertise like AI (IBM, 2022)
53. Twenty-two p.c of executives cite information privateness as their high moral concern about generative AI (Deloitte, 2023)
54. Eighty-two p.c of enterprise leaders suppose it’s OK to make use of AI tools when responding to colleagues (Tech.co, 2023)

Key Takeaways

These stats spotlight the combined attitudes companies and shoppers have concerning AI dangers. Whereas there’s a transparent demand for better transparency and moral requirements in AI use, many organizations presently fall in need of these expectations.

Synthetic Intelligence Progress Statistics

55. The worldwide AI market is anticipated to exceed $1 trillion by 2028. That’s a progress issue of 40% annually from 2023 to 2028 (Statista, 2023)
56. In 2023, the generative AI market measurement reached $44.89 billion globally and $16.19 billion within the U.S. (Statista, 2023)
57. In 2023, the AI market measurement within the U.S. was $87.18 billion (Statista, 2023)
58. The full international company funding in AI startups elevated by $5 billion from 2020 to 2022 (Statista, 2023)
59. The worldwide company funding in AI reached virtually $92 billion in 2022 (Statista, 2023)
60. North America captured a 41% income share of the generative AI market in 2022 (Precedence Research, 2023)

Key Takeaways

Funding in AI applied sciences has skyrocketed lately, significantly within the U.S. And whereas the dimensions of the worldwide AI market is already measured within the tens of billions, it’s anticipated to interrupt the trillion-dollar barrier towards the tip of the last decade. It appears like AI will rework the worldwide financial panorama quickly and profoundly.

Overview of Main AI Applied sciences

61. Generative AI may add $2.6 trillion to $4.4 trillion of worth to the world economic system annually (McKinsey, 2023)
62. OpenAI is likely one of the most well-funded startups in historical past, securing over $12 billion in investments as of 2023 (Statista, 2023)
63. The pure language processing (NLP) market is anticipated to exceed $112 billion by 2030 (Statista, 2023)
64. There have been 2.2 billion visits to ChatGPT in November 2023, 471 million of which have been distinctive visits (Semrush information)

65. In March 2023, Microsoft confirmed the new Bing was working on GPT-4 after a lot hypothesis (Bing, 2023)
66. OpenAI presently helps entry from 188 international locations, areas, and territories (OpenAI, Date Not Specified)
67. It’s estimated that ChatGPT prices as much as $700,000 per day to run (Business Insider, 2023)

Key Takeaways

Generative AI has witnessed vital progress and funding lately. The dramatic success of OpenAI’s ChatGPT and its integration into varied mainstream functions underscores the widespread impression and rising recognition of this new AI expertise.

The Way forward for AI: Knowledgeable Predictions and Evaluation

68. Generative AI may result in 0.1% to 0.6% annual progress in labor productiveness by means of 2040 (McKinsey, 2023)
69. AI may drive a 7% improve in international GDP (Goldman Sachs, 2023)
70. China may see a 26% enhance to GDP by 2030 due to AI (PwC, 2017)
71. By 2030, generative AI may automate 30% of hours labored right now (McKinsey, 2023)
72. 300 million full-time jobs may turn into automated because of the brand new wave of AI methods (Goldman Sachs, 2023)
73. AI may begin to enhance U.S. GDP in 2027 (Goldman Sachs, 2023)
74. World AI funding may attain $200 billion by 2025 (Goldman Sachs, 2023)
75. The generative AI market measurement is anticipated to indicate an annual progress fee of 24.4% from 2023 to 2030, leading to a market quantity of $207 billion by 2030 (Statista, 2023)
76. The worldwide AI chip market is forecast to hit the $120 billion mark by 2027 (Statista, 2023)
77. World AI software program revenues will attain $100 billion by 2025 (Omdia, Date Not Specified)
78. Google expects its AI chatbot Bard will assist it attain two billion customers (Reuters, 2023)

Key Takeaways

The continued progress of AI applied sciences appears set to drastically improve international financial output over the approaching many years. The widespread automation of human work-related actions could rework labor markets and unlock new efficiencies and innovation alternatives throughout industries.

Keep Forward of Rivals within the AI Age

So, what do all these stats about synthetic intelligence inform us?

First, there’s little question that AI has formally gone mainstream. 

Most companies (and shoppers) now use it in a single type or one other. And in line with the AI progress stats and predictions talked about above, AI adoption will solely speed up over the subsequent decade.

After all, the enlargement of AI expertise isn’t with out its downsides. We’ve seen that many individuals might be compelled to reskill as elevated automation disrupts the job market. 

And there stay a number of open questions on how finest to steadiness using this new expertise with security and moral concerns.

That mentioned, instruments like AI Writing Assistant are set to unlock an unprecedented wave of productiveness and effectivity the world over of enterprise. As increasingly more routine duties turn into automated, employees may have extra time to dedicate to extra inventive and value-added actions.