Originally dating back to 1956, artificial intelligence has been a hot topic for decades. Some see it as the most remarkable human invention, while others fear it may lead to the extinction of all humanity. Nonetheless, no one is indifferent when it comes to AI. Nowadays, it is more popular than ever, as we finally have the technology to integrate AI into our everyday lives.
Today’s article will provide you with 30 of the most fascinating artificial intelligence statistics that will reveal the industry's current state, its adoption, usage rates, and the technology's impact on the world.
10 Key Artificial Intelligence Statistics to Know in 2023
The value of the global AI market was estimated at $119.78 billion in 2022.
North America held 43% of the global AI market share in 2022.
AI software solutions are the leading drivers of the AI market, contributing the largest share of 39%.
25% of US employees face a high risk of being substituted by AI automation.
AI could increase the productivity of labor by 35% by 2035.
Americans are divided on whether AI can be designed to make fair decisions consistently.
63% of US consumers use at least one voice assistant.
37% of Americans are more worried about AI than they are excited.
46% of Americans believe that police using AI-powered facial recognition technology will be good for society.
The AI system called LipNet can read lips with 93% accuracy.
AI Market Size Statistics
The value of the global AI market was estimated at $119.78 billion in 2022.
Furthermore, it is expected it will hit $1,591.03 billion by the end of 2030. An expected CAGR of 38.1% is expected, with the highest growth being in the Asia Pacific market, with an expected CAGR of 42%.
As far as technology segments are concerned, deep learning had 39% of the market share in 2022. In terms of end-user segments, advertising and media is at the top, with a 22% market share.
North America held 43% of the global AI market share in 2022.
However, AI trends do show that the Asia Pacific region might surpass North America by the end of 2030.
The most likely growth factor for North America’s dominance is the presence of tech giants like Google, IBM, and Microsoft within its borders. The primary driver in the Asia Pacific region is Baidu Incorporation, a China-based tech giant.
Microsoft holds the highest market capitalization of any AI and AI adjacent company.
In fact, it has a market cap of $2.270 trillion. In second place is Alphabet (Google), with a market cap of $1.342 trillion, while NVIDIA is in third place, at $696.78 billion.
This is a great upheaval when we observe 2020. Before the explosion caused by OpenAI and other well-known AI companies, the largest AI market share was held by IBM.
Microsoft is rumored to invest $10 billion into Open AI over the next couple of years.
This is followed by an initial investment of $1 billion back in 2019. This was the beginning of their partnership, and OpenAI has been noted to use Microsoft's cloud-based service Azure to train its models. In fact, Azure is the exclusive cloud provider for the company.
AI software solutions are the leading drivers of the AI market, contributing the largest share of 39%.
While hardware and service solutions are behind software at the moment, AI hardware is expected to grow the fastest in the following years. Furthermore, deep learning is the biggest segment of AI, accounting for 38% of the AI market in 2021.
As it stands right now, the advertising and media industry is the biggest user of AI solutions, accounting for 21% of the global AI market. However, artificial intelligence future trends show that the healthcare sector is expected to take its place as the industry that uses AI tech the most by the end of the decade.
75% of surveyed companies claimed they expect to adopt AI tech in some form over the next five years.
The survey included over 800 companies, which employ a total of 11.3 million workers, all across the globe.
In fact, experts believe that AI will result in a significant disruption of the labor market, with big data analytics and cybersecurity becoming large drivers of employment growth.
(Fortune)
AI Adoption Statistics
AI technologies are adopted by 35% of businesses around the world.
Compared to the year before, the above figure shows a four-point increase in the global AI adoption rate. At the same time, statistics reveal that businesses are 13% more likely to adopt AI than they were last year. Additionally, another 42% of companies report exploring the options that AI technologies provide, so it is fair to assess that AI adoption is growing steadily.
(IBM)
31% of businesses adopt AI because of competitive pressure.
According to 43% of companies, the key factor contributing to the acceleration of global AI adoption is the recent technological advancement that made AI more accessible. AI stats also show that for 42% of organizations, reducing costs and automating critical processes were the main reason they adopted AI solutions. Only 20% of businesses adopted AI because of environmental pressures.
(IBM)
54% of IT professionals use AI, making them the most prevalent AI users by job title.
Other job titles in the top five are data engineers (35%), developers and data scientists (29%), security professionals (26%), and customer service professionals (25%).
(IBM)
The lack of AI expertise is the biggest hurdle to adopting AI technology for 34% of businesses.
Statistics about artificial intelligence further reveal that for another 29% of companies, the price of AI is too high, while 25% don’t have the necessary tools or platforms to build the needed models. Finally, 24% of organizations consider their projects too difficult to integrate and scale, and an equal percentage believe that AI adoption would introduce too much data complexity.
(IBM)
The largest portion, or 33% of organizations, use AI to automate IT processes.
Other popular use cases for AI are security and threat detection, utilized by 29% of companies, while 28% use it to automate their business processes. In addition, AI statistics show that 26% of businesses use AI for marketing and sales, and another 26% use it for business analytics or intelligence. There are also 23% of organizations that use AI for fraud detection, 22% for AI monitoring and governance, and another 22% that use AI-driven virtual assistants.
(IBM)
The Impact of AI on Jobs Statistics
One study predicts 26 million jobs will be eliminated by Ai in the next five years.
AI technology taking over jobs statistics does not paint a pleasant picture. Jobs in recordkeeping and administration, specifically ticket clerks, data entry, accounting, and cashier jobs, will most likely be substituted by Ai in the next five years.
(Fortune)
Some experts claim coding, legal industry, and media jobs will most likely be the most impacted by the further development of ChatGPT.
Most of these jobs concern “lower level” jobs. In the case of coding, data analyst is the most at risk. However, some experts claim it will work as an “enhancer” rather than a full replacement, when it comes to software engineering.
Content creation and technical writing might also be at risk, as will the work of paralegals and legal assistants.
A report by Goldman Sachs claims AI could replace over 300 million jobs in the US and in Europe.
While trends in AI development show 25 million will be lost in the next five years, there is a possibility that it will replace over 300 million somewhere in the future.
Analysts do provide a hope-spot. Namely, 60% of workers are in occupations that did not exist 60 years ago. It stands to reason that while many jobs will be lost, many new ones will be created as well.
(BBC)
AI could increase the productivity of labor by 35% by 2035.
According to the same projections, it can increase the profitability of all industries. The education sector is estimated to be the biggest winner, with an 84% profit increase. Artificial intelligence trends also predict a 74% growth for the accommodation and food services industry. Finally, the construction industry is expected to gain a 71% profit increase, while the wholesale and retail sector should increase its profitability by 59% by 2035.
AI and Consumers Statistics
There is a divide in opinion and concern about AI based on educational background, in the US.
One of the more interesting facts about AI is that opinions on artificial intelligence differ based on people’s educational background. For example, US citizens who have a high school education or less are concerned about AI performing relative workplace tasks (40%). In comparison, only 25% of people with a postgrad degree feel the same.
Similarly, 26% of the former are concerned about AI taking on household chores, while only 8% of postgrads share that concern.
In general, older adults are more concerned with AI developments than younger adults.
Artificial intelligence stats show that US adults aged 65+ are more concerned with AI development. One example is AI handling customer service calls, where 58% of those aged 65+ are concerned, while only 31% of people aged 18 to 29 feel the same.
Similarly, 29% of younger adults are concerned about diagnosing medical problems, while 41% of adults aged 65+ are concerned about this issue.
In the US, Republicans believe the government will go too far in regulating AI tech, while democrats believe it will not go far enough.
This is a consistent trend among all questions posed in the poll. For example, 59% of Republicans or Republican-leaning US citizens believe the government will overregulate the use of driverless passenger vehicles. Conversely, 69% of Democrats believe it will not go far enough.
Similarly, 67% of Republicans believe the government will overregulate the use of robotic exoskeletons in manual labor, while 65% of Dems believe it will not go far enough.
63% of US consumers use at least one voice assistant.
According to artificial intelligence data, 10% use their voice assistants every day, while 28% say they use them multiple times a day. Additionally, 13% say they use them two to three times a week, and 6% only use them two to three times a month.
45% of US users regularly use their voice assistant to perform a search query, i.e. ask a question.
Artificial intelligence usage statistics show that 75% of US users also regularly use their voice assistant to check the weather, while 71% ask it to play music for them. Additionally, 65% use it to track the location of a package, or to check the delivery status of an order.
General and Fun Facts About AI
Americans are divided on whether AI can be designed to make fair decisions consistently.
Roughly 28% of US adults believe it's simply not possible, while 30% believe it is possible. A vast majority of Americans (41%) are simply not sure.
It should be noted that of the polled demographic, 38% of men actually believe it's possible, compared to 22% of women. Furthermore, women are more likely to respond as not being sure, at 46%, compared to men, who are at 22%.
The main cause of concern for Americans when it comes to AI is the fear of people losing their jobs.
This artificial intelligence fact , provided by a Pew Research poll, notes that 19% of Americans being concerned about AI are afraid it will take peoples’ jobs.
Another 16% claim surveillance, hacking, and a loss of digital privacy as a major concern, while 12% state there is a problem with a lack of connection.
131.4 million households around the world own a smart speaker.
By 2027, the above figure is estimated to increase to 335.3 million, according to the latest trends in artificial intelligence tech purchases. Additionally, data shows that 77.5 million households own smart security cameras, 73.1 million own smart big appliances, and 72.2 million own smart small appliances.
(Statista)
Of those Americans that are excited about AI, 31% state that the main cause of their excitement is that it will make life and society better.
Artificial intelligence statistics show that 13% claim the primary source of their excitement is that it will save time and help people become more efficient.
A further 10% state that AI is an inevitable part of progress, and that it brings us closer to the future.
5.3% of all US job postings in the information sector in 2022 were AI-related.
Additionally, 4.07% of the job postings in the professional, scientific, and technical services, 3.26% in manufacturing, and 3.33% in the finance and insurance sectors were related to AI. Furthermore, AI career stats also reveal that most of the job openings were posted in California, Texas, and New York.
(AI Index)
46% of Americans believe that police using AI-powered facial recognition technology will be good for society.
However, 27% claimed that it will pose a net negative, while another 27% stated that they are unsure. Further data on potential AI usage also show that 44% of Americans believe driverless passenger vehicles are bad for society, while 26% believe it's a good thing.
Americans are close to equally divided on social media companies using AI software to check for false information on their sites, where 31% believe this will not help society, with 38% believing the opposite.
37% of Americans are more worried about AI than they are excited.
AI facts also show that only 18% of Americans are actually excited about the development of artificial intelligence. Roughly 45% are both equally concerned and excited.
This specifically concerns the presence of artificial intelligence in everyday life. When asked why they were concerned, most responded that they are worried about privacy and potential job loss.
Automatic cars cause 50% more vehicle accidents than human-driven vehicles.
Statistics on artificial intelligence within the autonomous vehicle industry show that indeed autonomous cars do cause more accidents. Furthermore, according to 2022 data from the US Department of Transportation, of the 605 self-driving car accidents, 474 were caused by Tesla cars. However, it needs to be noted that these accidents don't necessarily mean that Tesla cars are less safe, since the vast majority of self-driving cars on the road are made by Tesla.
The average robot density in manufacturing industries is 126 per 10,000 employees.
The number of robots has more than doubled since 2015, when their ratio was only 66 robots per 10,00 employees. South Korea is the country that is most densely automated, with 932 robots, for every 10,000 human employees. Artificial intelligence growth statistics show that the USA is currently seventh on the list with 255 robots per 10,000 manufacturing workers.
(IFR)
Back in 2016, the AI system called LipNet was able to read lips with 93% accuracy.
While there is a great deal of talk about ChatGPT, astounding developments in AI research were already being made in 2016.
The scientists of Oxford University created this AI by feeding it 29,000 three-second-long videos with a similar grammatical pattern. When it was put to the test, the AI could read lips from other videos with an error rate of only 6,6%. In contrast, the human testers had an error rate of 47.7%.
(BBC)
Artificial Intelligence FAQ
What percentage of companies use artificial intelligence?
35% of companies around the world already utilize some sort of artificial intelligence technology at their workplace, and another 42% review the opportunities of adopting such technology in the near future.
(IBM)
What is the smartest AI in the world?
While there is no definitive answer, Google’s AlphaGo is a serious candidate for the title of the smartest AI in the world. Capable of predicting every possible move by utilizing neural networks and deep learning techniques, AlphaGo won a game of Go against one of the best players of all time, Lee Sedol.
What is the probability of AI taking over the world?
There is a 0% chance that AI will take over the world. AI should be considered a tool humans use to reduce repetitive tasks and simplify calculations. The chances of robots taking over the world are just about as big as the chances of calculators doing it.
Conclusion
There is no denying that AI is a big part of everyone’s life, and we can only imagine how far it can take us in the future. In the meantime, we can read interesting facts about artificial intelligence and consider ourselves lucky we live in a time when we can witness the inception of one of the most significant achievements in human history.
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