AI market size is expected to reach $1,339 billion by 2030

The AI market is projected to reach a staggering $1,339 billion by 2030, experiencing substantial growth from its estimated $214 billion revenue in 2024.

AI will have an estimated 21% net increase on the United States GDP by 2030

AI is expected to contribute a significant 21% net increase to the United States GDP by 2030, showcasing its impact on economic growth.

Over 75% of consumers are concerned about misinformation from AI

A major concern for consumers is the potential for AI to perpetuate the spread of misinformation. More than 75% of consumers are worried about the impact that AI has on the ability to trust information found on the internet.

ChatGPT had 1 million users within the first five days of being available

ChatGPT’s remarkable adoption rate is evident as it garnered 1 million users within the first five days of its release.[2]

One in 10 cars will be self-driving by 2030

It is expected that 10% of vehicles will be driverless by 2030[2], as the global market of self-driving cars is forecasted

to increase from 20.3 million in 2021 to 62.4 million.

64% of businesses expect AI to increase productivity

A significant 64% of businesses believe that artificial intelligence will help increase their overall productivity, as revealed in a Forbes Advisor survey. This demonstrates the growing confidence in AI’s potential to transform business operations.

Half of U.S. mobile users use voice search every day

Voice search is on the rise, with 50% of U.S. mobile users using it daily, according to UpCity. This trend showcases the growing prevalence of AI-powered voice assistants in everyday life.

AI is expected to see an annual growth rate of 36.6% from 2023 to 2030

AI continues to revolutionize various industries, with an expected annual growth rate of 36.6% between 2023 and 2030, as reported by Grand View Research. This rapid growth emphasizes the increasing impact of AI technologies in the coming years.

72% of businesses have adopted AI for at least one business function

Nearly three out of four businesses have started using AI for at least one business function. In addition, half of survey respondents use AI for two or more of their business functions. This is a sharp uptick from 2023 when less than a third of respondents had reported using AI for at least two business functions.

India is the country with the highest AI adoption rate at 59%

AI adoption rates are the highest for organizations in India (59%), followed closely by the United Arab Emirates (58%). Businesses in Singapore (53%) and China (50%) are also leaders in AI use. In contrast, businesses in Australia (29%), Spain (28%) and France (26%) have been slower to try out AI.

77% are concerned that AI will cause job loss in the next year

A substantial 77% of people expressed their apprehension that AI could bring about job losses in the imminent future, indicating widespread concern about the potential impact of technology on employment opportunities.[3]

400 million workers could be displaced because of AI

As AI evolves, it could displace 400 million workers worldwide. A McKinsey report predicts that between 2016 and 2030, AI-related advancements may affect around 15% of the global workforce.

Healthcare and automotive industries are expected to see the most impact from AI use

Both of these industries have the highest long-term AI adoption rate of 40% for healthcare and 18% for automotive.

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 AI’s potential impact on their website traffic, reflecting the uncertainties some businesses face regarding the integration of AI in their operations.

97% of business owners believe ChatGPT will help their business

According to Forbes Advisor, a staggering 97% of business owners believe that ChatGPT will benefit their businesses. One in three businesses plan to use ChatGPT to create website content, while 44% aim to generate content in multiple languages.

Over 60% of business owners believe AI will improve customer relationships

Forbes Advisor reports that 64% of business owners believe AI has the potential to improve customer relationships, indicating a positive outlook on the role of AI in enhancing client interactions.

Over 60% of business owners say AI will increase productivity

Over 60% of business owners believe AI will increase productivity. Specifically, 64% stated that AI would improve business productivity, and 42% believe it will streamline job processes.

43% of businesses are concerned about technology dependence

Forty-three percent of businesses are concerned about technology dependence, and an additional 35% worry about having the technical skills to use AI effectively. These concerns highlight the challenges that organizations face while adopting AI technologies.

The majority of consumers are concerned about businesses using AI

A significant majority of consumers express concern about businesses using AI. As AI plays a larger role in various industries, addressing consumer apprehensions will be crucial for businesses.

65% of consumers say they’ll still trust businesses that use AI

Despite concerns about AI usage, 65% of consumers still trust businesses that employ AI technology. This suggests that when businesses use AI responsibly and transparently, they can maintain consumer confidence and even harness AI's potential to improve customer experiences.

More than half believe AI will improve written content

Over half of respondents, 54%, believe that AI can improve written content, suggesting that AI-driven solutions such as ChatGPT have the potential to enhance text quality, creativity and efficiency in various content creation contexts.[3]

Most Popular AI Uses in 2024

The most popular AI uses include responding to messages, answering financial questions, planning travel itineraries and crafting social media posts as its versatility transforms everyday tasks.