According to a recent report by AI Industry Analytics (AiiA), the global AI economy is projected to exceed $34 trillion by 2027, a significant increase from $20 trillion in 2023. This forecast showcases the immense growth potential of the AI industry, highlighting the unprecedented opportunities it presents within the global economy.
Utilizing advanced analytics capabilities, AiiA conducted a comprehensive assessment of the global AI landscape, providing industry stakeholders and decision-makers with indispensable quantitative insights. By analyzing publicly-traded corporations, private companies, investors, hubs, and government-funded projects, AiiA aimed to offer a pragmatic evaluation of AI’s true impact on the global economy.
To map the extensive global AI market, AiiA employed AI algorithms, meticulously profiling over 50,000 companies, 20,000 investors, 2,000 AI leaders, 2,500 R&D hubs, and 300 government organizations. By adapting and building upon techniques and analytical frameworks developed by Deep Knowledge Group, AiiA achieved a robust understanding of the AI industry’s size and potential.
The report’s findings affirm AI’s steady presence in our society, signaling its long-term significance and the transformative effects it will have on various industries. As AI continues to proliferate, it will not only foster substantial growth but also fuel the expansion, disruption, modernization, and diversification of countless other sectors.
Dmitry Kaminskiy, the Founder of AI Analytics Agency (AiiA) and General Partner of Deep Knowledge Group, emphasizes the importance of such assessments in structuring and commoditizing the AI industry. These steps are crucial for harnessing the true potential of AI, mitigating investment risks, attracting capital, and bridging the gaps between different technology industries. Ultimately, these efforts will nurture a sustainable and prosperous financial future within the AI sector and beyond.
As we embark on this AI-driven journey, the prospects are undeniably bright. The ever-evolving AI landscape promises immense economic growth and unparalleled opportunities for businesses and individuals alike. By embracing AI, we pave the way for a future that transcends boundaries and propels us into a new era of innovation and prosperity.
1. What is the projected value of the global AI economy by 2027?
According to the report by AI Industry Analytics (AiiA), the global AI economy is expected to surpass $34 trillion by 2027.
2. How was the assessment of the global AI economy conducted?
AiiA conducted a comprehensive evaluation by analyzing publicly-traded corporations, private companies, investors, hubs, and government-funded projects. This meticulous approach provided a pragmatic assessment of AI’s impact on the global economy.
3. What role does AI play in various industries?
AI is projected to drive expansion, disruption, modernization, and diversification across numerous sectors. Its transformative effects are set to reshape industries and unlock new possibilities for growth.
4. Why are assessments of the AI industry important?
Assessments aid in structuring and commoditizing the AI industry, allowing for the realization of AI’s true potential, de-risking investments, and bridging gaps between different technology sectors. These efforts contribute to a more sustainable and prosperous future within the AI industry and beyond.