The ones who are crazy enough to think they can change the world, are the ones that do.

Artificial intelligence (AI) is one of the most transformative technologies of our time, and investment in AI has been increasing in recent years. According to Statista, global private investment in AI reached $93.5 billion in 2022, up from $68.1 billion in 2021. This represents a compound annual growth rate (CAGR) of over 30%.
 

Key Takeaways

• AI investment will likely continue to grow in the next three years, with Goldman Sachs projecting that private investments in AI will increase from $92 billion in 2022 to over $158 billion in 2025, a 72% increase.
   
• The top three industries for AI investment in 2022 were software, healthcare, and finance.
   
• The United States is the leading country for AI investment, followed by China and the United Kingdom.
   
• Despite the rapid growth in AI investment, some challenges must be addressed to ensure that AI is developed and deployed responsibly and beneficially.

 

Matrix Forecasting Next Three-Year AI Investments

This forecast is based on the following assumptions:

• AI investment will continue to grow at a CAGR of several with the historical trend.
• The global economy will grow moderately over the next three years.
• There will be no significant disruptions to the AI market, such as a recession or a significant regulatory change.

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It is important to note that this is just a forecast, and the actual level of AI investment in the next three years could be higher or lower depending on several factors.

 

​Factors driving growth in AI investment:

• ​The increasing availability of large datasets and powerful computing resources are essential for training and deploying AI models.
• The rapid development of new AI technologies and applications.
• The growing recognition of the potential benefits of AI for businesses and organizations of all sizes.
• I is already used to improve efficiency, productivity, and innovation in various industries, including healthcare, finance, manufacturing, and retail. As AI technology matures and new applications are developed, we expect to see even more investment in AI in future years.

Breakdown of the forecast by industry:

 

Other industries expected to see significant AI investment in the next three years include transportation, education, and government.

Implications for Businesses and Organizations

The continued growth of AI investment will likely impact businesses and organizations of all sizes. AI is expected to improve efficiency, productivity, and innovation in various industries.

Businesses not investing in AI will likely be at a competitive disadvantage. However, investing wisely in AI is crucial, and choosing solutions for your needs is vital.

Tips for investing in AI for your business:

• Start by identifying a specific problem or opportunity that AI can help you address. Don't invest in AI simply because it is the latest trend.
   
• Do your research and choose a reputable AI solution provider. Many AI solutions are available, so choosing the right one for your needs and budget is essential.
   
• Start small and scale up as needed. It is better to start with a small pilot project than to invest heavily in a large AI project immediately. This will allow you to test the waters and ensure that AI fits your business correctly.
   
• Be patient and realistic. AI is a powerful technology, but it is not a silver bullet. It takes time and effort to develop and deploy successful AI solutions.

 

AI investment will likely continue to grow in the next three years as businesses and organizations recognize the potential benefits of AI for their operations. Businesses can improve efficiency, productivity, and innovation by investing wisely in AI.