78 Synthetic Intelligence Statistics and Tendencies for 2024

The age of synthetic intelligence is really right here.

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

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

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

Most Vital AI Statistics

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

4. In 2023, the worldwide AI market was valued at $142.3 billion (Statista, 2023)
5. Seventy-three % of U.S. corporations use AI in some facet 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 acquired round 12% of whole funding between 2018 and 2022. (Crunchbase, 2023)
7. Following its launch in November 2022, ChatGPT reached over one million customers in 5 days and 100 million customers inside two months. This made it the fastest-growing shopper app ever on the time (a document since overwhelmed by Fb’s Threads app). (Statista, 2023)
8. Fifty-four % of corporations had used generative AI of their enterprise by November 2023—only one yr since ChatGPT was launched (PwC, 2023)
9. OpenAI (the corporate behind ChatGPT) is searching for a valuation of as much as $90 billion as of October 2023 (New York Submit, 2023)
10. Over 20% of generative AI customers are 25- to 34-year-olds (Insider Intelligence. 2023)

Key Takeaways

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

AI adoption is already remarkably widespread amongst U.S. companies. And though AI will seemingly impression most staff straight, it stays to be seen to what extent this new know-how will increase or change individuals’s jobs. 

AI Statistics for Enterprise

11. Organizations estimate that 34% of all business-related duties in the present day are carried out by machines (World Financial Discussion board, 2023)
12. On common, companies can anticipate a 6% to 10% income improve from adopting AI (Statista, 2023)
13. AI may improve labor productiveness development by 1.5 share factors over the following decade (Statista, 2023)
14. Over 80% of Fortune 500 corporations had adopted ChatGPT inside their enterprise by August 2023 (OpenAI, 2023)
15. Forty-six % of American corporations have saved between $25,000 and $70,000 through the use of ChatGPT (Statista, 2023)

16. In October 2023, 55% of organizations had been piloting or implementing generative AI options (Gartner, 2023)
17. In July 2023, 79% of company strategists stated that know-how like synthetic intelligence could be essential to their success within the subsequent two years (Gartner, 2023)
18. Fifty % of strategic planning and execution actions might be automated, in accordance with strategists. At present, solely 15% of such actions are automated. (Gartner, 2023)
19. The worldwide market dimension for AI in manufacturing was $5 billion in 2023 and is forecast to achieve $68 billion by 2032 (Priority Analysis, 2023)
20. The worldwide market dimension for AI in telecommunication was $1.45 billion in 2022. It’s anticipated to develop at a compound annual development charge of 28.2% from 2023 to 2030 (Grand View Analysis, 2023)
21. The retail AI market is predicted to develop at a compound annual development charge of 30% from 2023 to 2030 (International Market Insights, 2023)
22. One-fifth of all industries use synthetic intelligence throughout service operations and company finance (Statista, 2023)
23. Over 30% of monetary providers corporations use AI in product growth (Statista, 2023)
24. Automation within the schooling sector is predicted to extend threefold with using AI (Statista, 2023)
25. The market dimension for AI in safety was $21 billion in 2023 and is forecast to achieve over $50 billion by 2028 (Mordor Intelligence, 2023)
26. The wearable AI market was valued at $20 billion in 2023 and is predicted to achieve $230 billion by 2033 (Truth MR, 2023)

Key Takeaways

These stats reveal how companies throughout numerous industries have already adopted AI to boost effectivity and improve profitability. AI is about to drive vital productiveness good points over the approaching years, resulting in substantial market development 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 staff’ time in the present day (McKinsey, 2023)
28. Round 80% of U.S. staff may have at the very least 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 at the very least 20% of enterprise staff needing to be reskilled (Statista, 2023)
30. Information administration positions are more likely to see the most important impression from AI. Round 90% of information processing positions and 80% of information assortment positions will seemingly turn out to be automated because of generative AI. (Statista, 2023)
31. At 78%, authorized occupations are the U.S. jobs most affected by generative AI (Forrester, 2023)
32. Fifty-two % of employed U.S. adults are involved AI will change their jobs (Mitre, 2023)
33. Forty-seven % of companies think about using AI over hiring new staff (Tech.co, 2023)

34. One in three companies may change staff with AI in 2024 (Resume Builder, 2023)
35. Ninety-six % of corporations hiring in 2024 say candidates with AI expertise shall 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 to be like set to proceed as AI applied sciences automate an increasing number of human duties. Many staff shall be compelled to retrain to adapt to the evolving job panorama, together with buying new AI expertise.

AI Advertising 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 % of enterprise leaders recurrently use generative AI in advertising and gross sales (McKinsey, 2023)
38. Sixty-seven % of entrepreneurs imagine that growing the adoption of promoting automation is essential for buying and retaining clients (Mailchimp, 2023)
39. Eighty-eight % of entrepreneurs say they should improve using automation and AI to fulfill buyer expectations and keep aggressive (Mailchimp, 2023)
40. Virtually 20% of promoting professionals have spent greater than 40% of their advertising price range on AI-driven campaigns (Influencer Advertising Hub, 2023)
41. Forty-four % of companies have used AI to put in writing content material (Influencer Advertising 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.

Person Belief, AI Ethics, and Danger Administration

42. Solely 39% of U.S. adults imagine present AI know-how is protected and safe (Mitre, 2023)
43. Eighty-five % of U.S. adults assist 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 id theft. (Mitre, 2023)
45. Seventy-eight % of enterprise leaders assume 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 % 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 % of People need trade to share AI assurance practices earlier than bringing AI-enabled merchandise to market (Mitre, 2023)
49. Virtually 75% of company executives ranked AI ethics as necessary in 2021 (in contrast with lower than 50% in 2018) (IBM, 2022)
50. Fewer than 20% of executives firmly imagine their utilized AI ethics really meet their acknowledged values (IBM, 2022)
51. Fifty-six % 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 latest know-how like AI (IBM, 2022)
53. Twenty-two % of executives cite information privateness as their high moral concern about generative AI (Deloitte, 2023)
54. Eighty-two % of enterprise leaders assume it’s OK to make use of AI instruments when responding to colleagues (Tech.co, 2023)

Key Takeaways

These stats spotlight the combined attitudes companies and shoppers have relating to AI dangers. Whereas there’s a transparent demand for higher transparency and moral requirements in AI use, many organizations at the moment fall wanting these expectations.

Synthetic Intelligence Development Statistics

55. The worldwide AI market is predicted to exceed $1 trillion by 2028. That’s a development issue of 40% annually from 2023 to 2028 (Statista, 2023)
56. In 2023, the generative AI market dimension reached $44.89 billion globally and $16.19 billion within the U.S. (Statista, 2023)
57. In 2023, the AI market dimension within the U.S. was $87.18 billion (Statista, 2023)
58. The whole 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 (Priority Analysis, 2023)

Key Takeaways

Funding in AI applied sciences has skyrocketed lately, significantly within the U.S. And whereas the scale of the worldwide AI market is already measured within the tens of billions, it’s anticipated to interrupt the trillion-dollar barrier towards the top of the last decade. It appears to be like like AI will remodel 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 financial 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 predicted 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 had been distinctive visits (Semrush information)

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

Key Takeaways

Generative AI has witnessed vital development and funding lately. The dramatic success of OpenAI’s ChatGPT and its integration into numerous mainstream purposes underscores the widespread impression and rising reputation of this new AI know-how.

The Way forward for AI: Skilled Predictions and Evaluation

68. Generative AI may result in 0.1% to 0.6% annual development in labor productiveness by way of 2040 (McKinsey, 2023)
69. AI may drive a 7% improve in international GDP (Goldman Sachs, 2023)
70. China may see a 26% increase to GDP by 2030 because of AI (PwC, 2017)
71. By 2030, generative AI may automate 30% of hours labored in the present day (McKinsey, 2023)
72. 300 million full-time jobs may turn out to be automated because of the brand new wave of AI methods (Goldman Sachs, 2023)
73. AI may begin to increase U.S. GDP in 2027 (Goldman Sachs, 2023)
74. International AI funding may attain $200 billion by 2025 (Goldman Sachs, 2023)
75. The generative AI market dimension is predicted to point out an annual development charge 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. International 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 development of AI applied sciences appears to be like set to drastically improve international financial output over the approaching a long time. The widespread automation of human work-related actions could remodel 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 doubt that AI has formally gone mainstream. 

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

After all, the growth of AI know-how isn’t with out its downsides. We’ve seen that many individuals shall be compelled to reskill as elevated automation disrupts the job market. 

And there stay a number of open questions on how greatest to stability using this new know-how with security and moral concerns.

That stated, instruments like AI Writing Assistant are set to unlock an unprecedented wave of productiveness and effectivity the world over of enterprise. As an increasing number of routine duties turn out to be automated, staff can have extra time to dedicate to extra inventive and value-added actions.