19 Artificial Intelligence Statistics to Blow Your Mind in 2024
Published: March 14, 2022
As both humans and technology continue to evolve and intersect, it’s not surprising that we have made advancements that affect our outlook on life.
So, get ready! We’re about to present you with some mind-blowing artificial intelligence statistics that will likely change your perspective of the world around you.
Keep scrolling to find out just how much AI is currently a part of our daily lives and what lies ahead!
Top 10 AI Statistics and Facts:
- In 2020, the Artificial Intelligence market was valued at over $35 billion.
- 75% of CEOs fear that their companies will fail without AI.
- AI will replace 7% of jobs.
- 37% of users would use a chatbot to get a quick response.
- Netflix’s personalization algorithm produces $1 billion in a year.
- Quality control was the main reason to introduce AI in healthcare in 60% of all cases.
- The wearable AI market is expected to reach $180 billion by 2025.
- AI-based spam filters filter out 99.9% of spam emails.
- Instagram fights spam among 70 million photos uploaded daily using AI.
- A study used 100 million Instagram photos to study the human condition.
Global Facts about the AI market
In this first section, you’ll learn about which countries have been investing in AI technologies in recent years, the reasons behind those investments, and just how much the AI market is worth.
1. Artificial Intelligence stats for 2022 reveal that the AI market’s global revenue will be $432.8 billion.
(Source: Business Standard)
This revenue will come from software, hardware, and other AI services. Moreover, the International Data Corporation predicts that the market will break $500 billion in 2023.
2. The AI industry will be 26.1% of the total GDP in 2030.
(Source: PWC)
There isn’t a region globally that won’t be impacted by AI technology. However, China and the US will see the most significant benefits of economic growth because of it. This number will be 14.5% for the USA.
3. In 2020, the Artificial Intelligence market size was over $35 billion.
(Source: Fortune Business Insights)
As many industries worldwide are figuring out ways to incorporate the different types of Artificial Intelligence into their businesses, some projections predict the market will grow at a CAGR of 33.6% between 2021 and 2028.
Therefore, from its value of $47 billion in 2021, this evolving market is expected to reach $360 billion in 2028.
4. 37% of users would use a chatbot to get a quick response.
(Source: Drift)
Artificial Intelligence future predictions say that the market will grow, and chatbots will become popular for customers to get info and help. For example, 35% claimed that they would reach out to a bot to resolve a problem or a complaint.
COVID and AI technology
COVID-19 has emboldened some industries into adopting AI tech. Below, you’ll find out more about which sectors are doing so and just how they’ve done it.
5. The 31.9% growth in the AI sector in 2020 was partly due to COVID-19.
(Source: Fortune Business Insights)
Artificial intelligence can bring a factor of accuracy to the medical field. For instance, the US utilized data from wearable AI to track COVID symptoms.
Additionally, artificial Intelligence stats point out that drug discovery is another field where AI was useful as labs used this technology to understand the potential molecules to target against the virus.
6. Quality control was the main reason to introduce AI in healthcare in 60% of all cases.
(Source: Statista)
Artificial intelligence statistics indicate that quality control is why the pharma and healthcare industries employ this new tech. The second most popular reason was customer care (44%), with monitoring and diagnostics close behind (42%).
7. In April 2020, a website used AI to predict COVID-19 infections, deaths, and recovery timelines.
(Source: Covid19-projections)
An independent data scientist, Youyang Gu, launched the site “Covid19-projections.com” in order to predict transmission rates. In the months after, it became one of the most widely-cited prediction websites for AI.
Facts about Artificial Intelligence in the US
In the section below, we’ll discuss how AI technologies affect life in the US.
8. In 2020, the US invested over $1 billion in AI.
(Source: Market and Markets)
Artificial intelligence trends indicate that easy deployment is one of the main reasons. China started this revolution in 2017 with an initiative they called “Lead the world in AI by 2030.”
In August 2020, the US invested over $1 billion in research labs for AI and quantum information science. Canada and the UK followed suit in 2021 with investments of $518 million and $27.5 million, respectively.
9. AI will replace 7% of jobs in the US by 2025.
(Source: Forrester)
Artificial Intelligence may make life easier in some aspects, but it can affect unemployment levels too. While some AI career stats indicate that it will create 9% more jobs, it will also replace 16% of the US workforce by 2025.
10. The US is currently leading in AI in four out of six categories.
(Source: Data Innovation)
The USA leads in these categories: development, research, talent, and hardware, while China is right behind, leading in the adoption and data categories. However, Artificial Intelligence growth statistics suggest that China may catch up very quickly.
11. The Pentagon will spend $874 million on AI-related technologies this year.
(Source: Militaryaerospace.com)
The above figure will come from the US military’s $2.3 billion science and technology research budget. This new AI spending will boost deterrence against potential adversaries and enhance command and control, logistics, and computing efficiencies.
Wearable AI Facts
Wearable AI, such as a smartwatch, can monitor your heart rate and even send phone notifications directly to your wrist. But just how big is the wearable AI market, and what’s its projected growth? Find out below!
12. The wearable AI market is expected to reach $180 billion by 2025.
(Source: Global Market Insights)
Trends in artificial intelligence, like the customers’ growing focus on fitness and health, are expected to push the growth rate of this market in the upcoming years. Plus, the different devices that will be available and their affordability will make them increasingly more popular.
13. In 2019, Singapore collaborated with Fitbit to provide its citizens with free fitness trackers.
(Source: Global Market Insights)
These free AI fitness trackers were part of a program to encourage people to exercise more. Moreover, governments globally support the usage of wearable tech to promote healthy lifestyles and curb rising health issues.
14. The Latin American wearable AI market share was expected to grow at a CAGR of 20%.
(Source: Global Market Insights)
In fact, Brazil sold around 240 million wearable AI devices in 2018 alone. Furthermore, the rise in sales of consumer electronics in this part of the world is expected to push the CAGR above 20% between 2016 and 2025.
Social Media and AI
Which social media platforms use AI, and exactly how and why do they do so? Does incorporating this tech into these platforms make for a better user experience? Continue reading our Artificial Intelligence statistics to find out!
15. AI-based spam filters can block 99.9% of spam emails.
(Source: Emerj)
No one likes receiving those weird emails where someone claims a relative has died, and now you’ve inherited their fortune. After all, emails are supposed to be used for marketing and social communications. Luckily, Artificial Intelligence predictions indicate that these ever-evolving filters can be used to stop spam.
16. Facebook can understand and translate over 20 languages.
(Source: Marketing AI institute)
Artificial Intelligence statistics for 2021 show that Facebook has a deep learning engine capable of understanding the text on the platform with close to human accuracy.
17. Instagram fights spam among 70 million photos uploaded daily using AI.
(Source: Bernard Marr)
Artificial Intelligence facts for 2022 tell us that Instagram uses AI for most features. For example, your “Explore” page usually consists of pictures that are somehow connected to tags you’ve searched or images you’ve liked.
Instagram can also catch spam in nine languages using AI.
18. A study used 100 million Instagram photos to study the human condition.
(Source: Bernard Marr)
Do you remember when Instagram switched from reverse-chronological order to mixed order on the feed? They did it using AI, showing you images that the algorithms think are more relevant for your interests.
Conclusion
It’s fair to say that technology has changed in many ways over the years. AI tech now exists in almost all facets of our lives. It’s in our homes, classrooms, workplaces, and can even be found in our pockets or purses via our smartphones.
Plus, it’s nearly impossible to know what types of amazing technologies we’ll acquire from using AI in 2030?
FAQ
What is Artificial Intelligence used for today?
A study suggested that AI penetrates areas like personalized user experiences, better-targeted ads, automation, augmented workforce, and more. So, today, AI is used almost everywhere! It is on the social media apps we all use daily and our smart devices!
(Source: Forbes)
Who is the leader in AI technology for everyday lives?
(Source: Verdict)
Artificial intelligence statistics reveal that Amazon and Google rule the space for AI technology in everyday lives. The two tech giants grabbed the top spot for their smart speakers and voice assistants.
What impact has machine learning made on the marketing industry?
(Source: Owox)
The work of marketing professionals is labor-intensive. It takes them hours and days to collect data they have to evaluate. With the help of machine learning, marketing professionals today can have data faster!
So, they don’t have to wait for data to be analyzed until it’s ready, and by that time, the data may already be old. It enables marketing professionals to optimize their campaigns in ways that were impossible before.
Sources
ABOUT AUTHOR
Ema is an ESL teacher (who is highly curious about technology in education) and a content writer. She enjoys writing on all sorts of subjects and she loves a good challenge. When she’s not working, you can find her reading a mystery thriller or watching “Shutter Island” for the umpteenth time.
