AI Edition - It's AI Time - 55 [08-06-2024]

 AI Edition - It's AI Time - 55

The AI market is worth around $196.63 billion

As of the latest available data from 2023, the global AI market is worth $196.63 billion. That's an increase of around $60 billion since 2022. This is primarily thanks to increasing practical use cases of AI technology, from content creation to self-driving cars.

The global AI market is expected to reach $1.81 trillion by 2030

While the current AI market is sizeable, it's set to grow by over 13x over the next decade or so. During this forecast period, the AI market is predicted to increase by a CAGR of 38.1%.

ChatGPT reached 1 million users in 5 days

In late 2022, ChatGPT broke records as the AI platform reached 1 million users in less than a week. By early 2023, ChatGPT had accumulated over 100 million monthly users.

Global AI is growing at a CAGR of almost 40%

AI's recent rapid growth is unlikely to slow down in the near future. In fact, global AI adoption by organizations is set to expand at a CAGR of 37.3% between 2023 and 2030.

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