Whether you are aware of the numbers or not, you have certainly noticed that AI technology is changing our lives in almost every field. The following statistics provide a comprehensive understanding of the rapid development of artificial intelligence and the potential to shape the future. Read about the trends in artificial intelligence that will determine the state of technology, businesses, and society in the coming years.
1. The artificial intelligence market is expected to reach $407 billion by 2027.
The AI market is expected to reach an astounding $407 billion by 2027, experiencing significant growth from the estimated revenues of $86.9 billion in 2022.
2. AI is projected to contribute a 21% net increase to the gross domestic product by 2030.
Artificial intelligence is expected to contribute a significant 21% growth to the U.S. economy by 2030, showcasing its impact on economic growth.
3. Over 75% of consumers are concerned about misinformation received from AI.
Forbes’ internal survey on consumer sentiment about artificial intelligence shows that AI is expected to add a significant 21% boost to U.S. profits by 2030, indicating its impact on economic growth.
4. ChatGPT had a million users in its first five days of availability.
The remarkable usage rate of ChatGPT is evident as it gained a million users in its first five days of release.
5. One in 10 cars will be self-driving by 2030.
The estimate is that 10% of vehicles will be driverless by 2030, as the global market for self-driving cars is expected to grow from 20.3 million in 2021 to 62.4 million.
6. 64% of businesses expect AI to increase productivity.
Significant 64% of businesses believe that artificial intelligence will help increase their overall productivity, as revealed in a Forbes survey. This demonstrates the growing confidence in AI’s potential to change business operations.
7. Half of mobile users in the U.S. use voice search daily.
Voice search is on the rise, with 50% of U.S. users using it daily, according to UpCity. This trend highlights the increasing prevalence of voice assistants powered by artificial intelligence in daily life.
8. The AI market is expected to see an annual growth rate of 37.3% from 2023 to 2030.
Artificial intelligence continues to revolutionize various industries, with an expected annual growth rate of 37.3% between 2023 and 2030, as reported by Grand View Research. This rapid growth underscores the increasing and pervasive influence of artificial intelligence technologies in the coming years.
9. A quarter of companies adopt AI due to a shortage of human resources.
As the shortage of human resources becomes a pressing concern, 25% of companies turn to adopting artificial intelligence to address this issue, according to an IBM report. Artificial intelligence helps businesses streamline operations and compensate for human resource shortages.
10. Chinese companies had the highest adoption rate of AI.
China leads in artificial intelligence adoption, with 58% of companies deploying artificial intelligence and 30% considering integration. For comparison, the United States has a lower adoption rate, with 25% of companies using artificial intelligence and 43% exploring its potential applications.
11. 77% are concerned that AI will lead to job losses in the next year.
A majority of people have expressed concern that artificial intelligence may lead to job losses in the near future, indicating widespread worry about the potential impact of the technology on employment opportunities.
12. Research estimates that AI will create 97 million new jobs.
According to a study by the World Economic Forum, artificial intelligence is expected to create around 97 million new jobs.
Software engineers and data engineers are recruited to support artificial intelligence, as AI integrates more into businesses, there is a growing demand for roles supporting artificial intelligence. In 2022, 39% of businesses reported hiring software engineers, and 35% hired data engineers for roles related to artificial intelligence, according to a McKinsey report.
13. The manufacturing industry is expected to see the largest financial impact due to AI.
An Accenture report predicts that the manufacturing sector will reap the greatest financial benefit from adopting artificial intelligence, with profits of $3.8 trillion expected by 2035. Artificial intelligence has the potential to drastically change the economic impact of the sector.
14. Nearly a quarter of business owners are concerned about AI affecting website traffic.
A Forbes Advisor survey reveals that 24% of business owners express concern about the potential impact of artificial intelligence on their website traffic, reflecting the uncertainties faced by certain businesses regarding the integration of artificial intelligence into their operations.
15. 97% of business owners believe ChatGPT will benefit their business.
According to Forbes Advisor, 97% of business owners believe that ChatGPT will be beneficial to their businesses. One in three businesses plans to use ChatGPT to create website content, while 44% aim to create content in multiple languages.
16. Over 60% of business owners believe AI will improve customer relationships.
Forbes Advisor reports that 64% of business owners believe that artificial intelligence has the potential to improve customer relationships, indicating a positive outlook on AI’s role in enhancing customer interactions.
17. Over 60% of business owners say AI will increase productivity.
Over 60% of business owners believe that artificial intelligence will increase productivity. Specifically, 64% indicated that artificial intelligence will improve business productivity, and 42% believe it will streamline work processes.
18. 43% of businesses are concerned about technology dependence.
43% of businesses are concerned about technology dependence, and an additional 35% are concerned about the technical skills required to use AI effectively. These concerns highlight the challenges organizations face when adopting AI technologies.
19. 65% of consumers say they still trust businesses that use artificial intelligence.
Despite concerns about the use of artificial intelligence, 65% of consumers still trust businesses that use artificial intelligence technology. This indicates that when businesses use artificial intelligence responsibly and transparently, they can maintain consumer trust and even harness the potential of artificial intelligence to improve customer experiences.
20. More than half believe AI will improve content quality.
54% believe that artificial intelligence can improve content quality, suggesting that AI-powered solutions like ChatGPT have the potential to enhance text quality, creativity, and efficiency in various content creation contexts.
