Artificial Intelligence Expected to Spend More By Investing in Corporates
By Aarti Dhapte , 03 April, 2024
Artificial intelligence is driving the corporate sector exponentially. The investment in artificial intelligence (AI) companies has increased over the years, and the global AI market is supposed to expand to USD 2 trillion by 2030. The surveys are finding the increasing investments of AI in the corporate sector for 2023.
Based on a survey conducted by the Stanford University analysis, artificial intelligence estimated the total mergers and acquisitions, public offerings, and others amounted to USD 934.2 billion from 2013 to 2022. The fake intelligence investment in 2023 is ruling every market sector to revolutionize the technology world. Apart from the world of technology, artificial intelligence is investing heavily in industries, healthcare sectors, automotive companies, and others. According to a reputed source, artificial intelligence worldwide is generating approximately USD 100 billion in 2023. The source cites that the artificial intelligence market is expected to reach USD 2 trillion by 2030. The data shows that from 2013 to 2022, AI-based companies experienced a significant investment of USD 276.1 billion in 2021 for the corporate sector.
According to a board analysis based on the data provided by the source on AI investment, until the third quarter in 2023, around fifteen AI companies made up to USD 21 billion in value. The generative AI companies dominated the source of income from companies doing text, translation, human-computer interaction, and others in 2023. Among the list of companies, the three top charts are OpenAI, Cruise, and Databricks, valued around USD 43 billion, USD 30 billion, and USD 29 billion, respectively, in 2023.
Companies are improving their AI skills and capabilities so that artificial intelligence can help in their improvement in different ways. AI investment accelerates the company’s financial analysis, and experts believe that industries are expecting meaningful changes with the technology in various sectors.
Global Corporate Investment In AI
Latest News
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…
Team Lead - Research