The power, promise and peril of generative AI

Why we should all be excited and concerned about the latest advances in artificial intelligence (AI).

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Investment Insights

    • The global AI market is projected to grow from USD 119.78 billion in 2022 to USD 1,597.1 billion by 2030, a CAGR (compound annual growth rate) of 38.1 per cent.
    • According to data from PitchBook, venture capital (VC) investment in generative AI has considerably increased; some USD 1.37 billion was invested in 2022 alone.
    • There were 78 VC deals in 2022, compared to 11 in 2017.

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