Wednesday, April 3, 2024

How Large Is The Market For AI?

 


The market for artificial intelligence services or AI is difficult to measure. One proxy is the market for cloud services which stands at around 700 billion USD a year, according to various sources.

That said the market for AI is triple the market for AI or around 2.1 trillion USD a years, according to Wolfteam Ltd.'s estimates.

This includes various verticals like chat bots, predictive modelling, automation etc.

AI will bring about many new work places of course.

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