Indian Ferro Alloys Faces Numerous Challenges in 2024
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
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Aarti Dhapte
Team Lead - Research
