Introduction to the Artificial Intelligence (AI) & Machine Learning Industry, Business and Industry Trends Analysis

  Artificial Intelligence (AI) spending worldwide was estimated at $24 billion for 2018 by analysts at IDC and is expected to grow to $77.6 billion by 2022.  This is an estimate on a broad basis that includes spending on software and services.  Plunkett Research estimates the U.S. market for AI on this basis at more than $14.4 billion for 2018.  Researchers at Gartner estimated that the global business value derived yearly from AI had already reached $1.2 trillion by 2018, while analysts at PwC estimated that AI’s contribution to the global economy could soar to $15.7 trillion by 2030. Artificial…

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