Indie Brand Builder - Dan Chadney

Fun AI Facts and 101 Artificial Intelligence Stats for 2024

Written by: Dan Chadney

This is a comprehensive list of the latest facts about AI in 2024.

I’ve painstakingly gathered 101 of the best AI statistics from the most reputable sources.

You might want to bookmark this page, or link to it for future reference!

The rapid advancement of artificial intelligence (AI) has led to a significant increase in the use of AI software and tools across various industries. The growth of AI in the last year has been staggering, but predictions for the future of AI are mind-blowing!

Machine learning, the most well-known type of artificial intelligence technology, is now being utilized in AI research applications ranging from self-driving cars to marketing software and the uses for AI are endless.

explainable ai market revenues worldwide 2022-2030
Credit: https://www.statista.com

Top Artificial Intelligence Stats

1) By 2045, AI is expected to completely surpass human intelligence. www.smithsonianmag.com

2) Nearly 77% of devices today use AI technology in one form or another. standards.ieee.org

3) AI-enabled devices can predict earthquakes and volcanoes and many other natural disasters. glair.ai

4) AI can learn anything quickly, meaning its intelligence is increasing. In 2013, AI had the same intelligence as a 4-year-old. By 2029, AI will have the same intelligence level as adult humans. Most AI systems use data to learn and make decisions, and they are only as smart as the data they are given. blippar.com 

5) In less than a month, researchers have used AlphaFold, an artificial intelligence (AI)-powered protein structure database, to design and synthesize a potential drug to treat hepatocellular carcinoma (HCC), the most common type of primary liver cancer. utoronto.ca

6) Experts estimate that up to 45% of business processes could potentially be automated through the use of AI. proxzar.ai

7) In a CBS “60 Minutes” interview, CEO of GoogleSundar Pichai claimed that artificial intelligence is the most profound technology humanity has ever worked on, surpassing even fire and electricity. businessinsider.com

8) Young people are making a lot of money with AI, such as Yasser Elsaid, a college student who built a business (chatbase.co) using ChatGPT and scaled it to $64,000/mo within 6 months.

Artificial Intelligence Growth Statistics

9) The global artificial intelligence market size is expected to reach $407 billion by 2027, experiencing substantial growth from its $86.9 billion revenue in 2022. datasciencecentral.com

global artificial intelligence market size 2021-2030
Credit: https://www.statista.com

10) According to NMSC, the global explainable AI (XAI) market is valued at $5.1 billion in 2022 and is projected to reach over $24 billion by 2030. statista.com

11) By 2030, the global AI market is set to be worth over $1.5 trillion, marking an impressive Compound Annual Growth Rate (CAGR) of 38.1 percent. statista.com

12) Interestingly, Next Move Strategy Consulting reports that the AI market is expected to grow from nearly $100 billion to almost $2 trillion by 2030. nextmsc.com

13) AI will have an estimated 21% net increase on the United States GDP by 2030. statista.com

14) The forecasted annual growth rate of AI between 2020 and 2027 is 33.2%. globenewswire.com

15) The US artificial intelligence market is forecast to reach $299.64 billion by 2026. explodingtopics.com

16) By 2025, global AI software is expected to hit $100 billion. Others estimate that the market value by the same year would reach $126 billion. industryweek.com

17) According to Sundar Pichai, the CEO of Google, artificial intelligence (AI) is said to have a greater impact on humanity as a whole than the inventions of electricity and fire. forbes.com

18) In a recent report by GA PWC, almost all of the participants (96%) plan to make use of AI simulations such as digital twins. Simulations play a vital role in AI as they can expedite the evaluation of risks, offer practical knowledge, anticipate changes in supply chain operations, and more. pwc.com

19) The AI ecosystem, growing at a rate of 40% annually in big data, comprises machine learning, robotics, and ANNs, and is diversifying into emotional and sequential learning. statista.com

20) 62% of global marketers use AI in their digital strategies, a significant increase from 29% in 2018 but a decrease from 84% in 2020. statista.com

21) In 2023, 20% of the top 10 most innovative AI companies are focused on scientific research, with OpenAI specializing in natural language processing and image generation, and DeepMind in protein structure prediction and drug discovery. fastcompany.com

22) The development of machine learning is becoming increasingly automated, impacting sectors like agriculture, cybersecurity, fintech, and manufacturing. techerati.com

23) Almost half of U.S. adults are interested in AI-powered online search products, with 48% mentioning smart assistants and 44% roadside assistants, while AI-generated recipes and consumer-trend-based products received equal attention. statista.com

24) The AI market spans multiple industries including supply chains, marketing, and research, and is expected to adopt technologies like chatbots, image-generating AI, and mobile applications for future improvements. statista.com

25) Nearly 90% of U.S. adults prioritize data privacy and ease of use when choosing a search engine, while only 46% consider AI-enhanced results important, despite general interest in AI-powered online products. statista.com

26) AI’s contribution to the global economy is expected to reach $15.7 trillion by 2030. pwc.com

Impact of AI on Jobs

27) Jobs are anticipated to be in high demand with 97 million specialists needed in the AI industry by 2025. onhires.com

28) The rise of AI will eliminate 85 million jobs and create 97 million new ones by 2025.80% of business and IT leaders agree AI increases productivity and creates jobs. benefitnews.com

29) A recent Goldman Sachs study found that generative AI tools could impact 300 million full-time jobs worldwide

30) AI technology is also expected to create 12 million more jobs than it is expected to replace

31) The net impact of most technologies will be positive over the next five years as big data analytics, management technologies, and cybersecurity become the biggest drivers of employment growth

32) Google’s AI can design computer chips in less than 6 hours, a task that takes humans months, fueling concerns about AI replacing human jobs. cnbc.com

33) Experts predict that AI will replace 16% of existing jobs within the next decade, but also anticipate the emergence of new job opportunities. mobileappdaily.com

Insightful Facts About Generative Artificial Intelligence

34) AI-generated content is becoming more prevalent, with 19.2% of tested articles having 50% or more content generated by artificial intelligence.

35) As of February 2023, global searches for “generative AI” spiked to 100 index points, coinciding with the introduction of OpenAI’s ChatGPT in November 2022, yet 55% of U.S. adults reported being unaware of the chatbot. statista.com

36) ChatGPT is most popular among users aged 25-34, followed by those under 24, together accounting for over 60% of its userbase, and males make up over 65% of total users. statista.com

Global weekly interest in generative ai on google searches 2022-2023
Credit: https://www.statista.com

37) AI-generated content can be of higher quality than human-created content, as AI models can analyze large data sets to produce more accurate and informative material. hbr.org

38) Generative AI can improve email communication and web searching: AI algorithms help filter spam emails, prioritize important messages, and provide more accurate search results.

39) As AI technology continues to advance, it is expected that the prevalence of AI-generated content will continue to rise, further transforming the landscape of content creation and marketing. For instance, with Content at Scale, users can generate entire blog posts that are SEO-optimized with one click. linkedin.com

40) There are now AI design tools such as Framer, that allow users to generate an entire website from a single prompt. 

Artificial Intelligence Statistics in Business

41) Big companies are investing in AI marketing start-ups, driving global revenues to potentially reach $107.4 billion by 2028, with OpenAI’s ChatGPT adding to both excitement and concern. statista.com

42) The Chinese government offers financial incentives to motivate private companies to engage in AI development. thediplomat.com

42) China is a major AI investor, while Venture Capital has heavily funded over 2,600 AI start-ups across 13 categories, raising US$239.2 billion from 2015-2022. statista.com

43) The Artificial intelligence industry saw 312 M&A deals in 2021 but declined to 259 in 2022, with tech giants like Google, IBM, Microsoft, Amazon, and Apple leading innovations and acquisitions across sectors like automotive, healthcare, and finance. statista.com

44) The chatbot market is expected to grow from $190.8 million in 2016 to around $1.25 billion by 2025. linkedin.com

45) The global AI market, encompassing natural language processing, robotic process automation, and machine learning, is projected to grow from $9.51 billion in 2018 to $118.6 billion in 2025, with major tech companies like Microsoft, IBM, Google, and Samsung heavily investing and filing thousands of AI patents. statista.com

45) The largest private investments in AI have been in the medical and healthcare field with over $6 billion, followed by data management, fintech, and cybersecurity each receiving around or over $5.5 billion, while the lowest investments were in the venture capital and facial recognition sectors with barely $20 million and $70 million, respectively. statista.com

46) According to Gartner, by 2025, over 75% of venture and seed capital investors will use AI and data analytics for information gathering. techcrunch.com

47) With a $140 billion valuation, China’s Bytedance is the world’s largest AI unicorn, followed by Musk’s SpaceX at $100.3 billion. statista.com

AI Challenges

48) Prominent figures such as Stephen Hawking, Bill Gates, and Elon Musk have expressed concerns that AI poses a significant risk to humanity. livescience.com

49) Ethical considerations in AI continue to be a focal point for both industry professionals and the wider global community. unesdoc.unesco.org

50) Obstacles to artificial intelligence adoption include lack of skills and expertise, data quality issues, and concerns about privacy and security.

51) Voice search has complicated SEO by providing users with just one result from a single data source. rockstarmarketing.co.uk 

AI Adoption Statistics

52) The adoption of AI in industries is influenced by factors such as compatibility with existing IT capabilities, relative advantage over traditional methods, AI readiness, leadership vision, change management capability, competitive pressure, and trading partners.

53) AI-enabled voice assistants will no longer have a female voice as the default setting. en.unesco.org

54) According to Next Move Strategy Consulting, AI robots are prevalent in various industries from retail to defense, using deep learning to autonomously perform and improve tasks, and the market for these robots is expected to grow tenfold between 2021 and 2030, especially as labor issues intensify in advanced economies. statista.com

55) Banks utilize AI for both revenue generation and risk management. businessinsider.com

56) Google operates a Quantum AI Lab and uniquely owns a quantum computer, setting it apart from other companies. ai.googleblog.com

57) The trend of low-code or no-code AI is democratizing AI and data technology, allowing people to customize AI using simple written or voice instructions without needing advanced technical skills. forbes.com

58) AI enables customer services to map customer journeys and uncover business insights about various aspects of the experience. forbes.com

60) AI systems can now compose audio, text, and images, enhancing the detection of individuals through facial and voice recognition. aipo-api.buddyweb.fr

AI Education & Medical Facts and Figures

61) AI is expected to simplify and accelerate pharmaceutical development: By utilizing robotics and data models, AI can potentially speed up drug discovery and make it more cost-effective. ncbi.nlm.nih.gov

62) According to the AI Index, the world’s top universities have expanded their AI-related education in recent years. aipo-api.buddyweb.fr

63) Researchers at Stanford University developed a machine learning algorithm that can predict death with a remarkable 90% accuracy. bgr.com

64) The TUG robot in the medical field can transport nearly 1000 lbs of medication within a hospital, allowing doctors to devote more time to patients. roboticstomorrow.com

65) AI has proven to be more effective at detecting breast cancer than individual doctors and is as accurate as a diagnosis confirmed by two doctors through double-reading. bbc.com

66) AI can diagnose medical conditions as accurately as world-leading experts, with one algorithm achieving 99% accuracy in detecting metastatic breast cancer. venturebeat.com

67) Canadian startup BlueDot used AI to predict the coronavirus pandemic before it became globally recognized. cnbc.com

68) AI is employed in surgery for diagnosis, decision-making, and conducting robot-assisted procedures. generalsurgerynews.com

69) While research exists on AI for detecting depression through voice analysis, its accuracy is limited and it tends to misdiagnose ethnicities not well-represented in the machine learning development phase. venturebeat.com

70) Finland provides AI courses with the aim of teaching at least 1% of its residents the basics to maintain national competitiveness. datafloq.com

AI Historical Facts

71) In 1980, John Searle distinguished between “weak” and “strong” AI, where weak AI specializes in a single task and strong AI mimics full human intelligence. encyclopedia.com

72) AI powers digital assistants: Siri, Alexa, Google Assistant, and Cortana are examples of AI-powered digital assistants that help users perform tasks and answer questions. The first modern digital virtual assistant on a smartphone was Siri, introduced with the iPhone 4S on October 4, 2011. techtarget.com 

73) In 1965, Carl Djerassi created one of the first AI programs, DENDRAL, which automatically identified new forms of medications. exhibits.stanford.edu

74) Deep Blue, created in 1996, was the first AI robot and a chess-playing computer that won its first game against a World Champion on February 10, 1996. wikipedia.org

75) In the 1970s, AI was limited by computational power, but advances in transistor miniaturization and increased computational capabilities have enabled the development of machine and deep learning algorithms for applications like voice recognition and self-driving cars. sitn.hms.harvard.edu

76) By the end of 1993, over 300 AI-related companies went bankrupt, shut down, or were acquired, marking a period known as the “AI winter.” historyofdatascience.com

How Many Companies Currently Use AI

77) According to the search results, the percentage of businesses using AI varies from 23% to 77%, depending on the source. simplilearn.com

78) A study by IBM found that 35% of companies reported using AI in their business and about 42% are exploring artificial intelligence. technojobs.co.uk

79) It is also mentioned that 90% of well-known companies invest in AI, while just 14.6% use AI in their work cyntexa.com

80) Artificial intelligence can increase productivity by 40%, enabling people to use their time more efficiently. techjury.net

Fun Artificial Intelligence Facts

81) AI pets exist – robots that look, feel, and act like real animals but eliminate the issues faced by owners. nypost.com

82) Saudi Arabia granted citizenship to the social humanoid robot “Sophia,” making her the first robot to receive citizenship in any country and the first non-human to hold a United Nations title as the Innovation Champion. wikipedia.org

83) AI is capable of repairing itself: A robot with self-repair capabilities rebuilt itself after losing two of its six legs, improving its performance through trial and error without knowing the specific issue. blippar.com

84) Sci-fi literature and films, such as the AI-infused replicants in Blade Runner based on Philip K. Dick’s “Do Androids Dream of Electric Sheep?”, have inspired real technological discoveries. space.com

85) Artificial intelligence expert Dr. David Levy predicts that human-robot marriages will not only occur but also be legalized by 2050. cbc.ca

86) Since 2020, robots exist that can detect when they are damaged, or “in pain,” and have the capability to self-repair. unite.ai

87) AI is considered the future of dating apps, with researchers suggesting it will help people find more compatible partners conveniently through their smartphones. itrexgroup.com

88) Only 34% of consumers realize that they are directly experiencing AI. simplilearn.com

89) The majority of AI bots are female. ai.plainenglish.io

90) AI can read your mind. Roboticists have developed an AI technique that uses an fMRI scanner to create images of thoughts by taking a snapshot of your brain and comparing it to images from volunteers, essentially enabling AI to read your mind. plainenglish.io

Insightful Facts About AI Ethics

Ethical considerations are crucial in AI development: Issues such as bias, fairness, transparency, privacy, and security must be addressed to ensure responsible AI deployment.

91) Responsible AI systems are essential: As AI becomes more integrated into decision-making processes, it is crucial to develop transparent, explainable, and accountable AI systems to ensure ethical use and avoid unjust biases. techtarget.com

92) Microsoft outlines six key principles for responsible AI: These principles include accountability, inclusiveness, reliability and safety, fairness, transparency, and privacy and security. learn.microsoft.com

93) Due to data privacy concerns, the EU has drafted ethics guidelines for AI, emphasizing that developers should ensure their AI respects fundamental human rights. digital-strategy.ec.europa.eu

94) Researchers are proposing a probabilistic programming language system to address various AI issues, including fairness. news.mit.edu

95) A critical issue with AI is that even its creators sometimes cannot comprehend the decisions the software makes or the reasons behind them. builtin.com

More Interesting Facts About Artificial Intelligence

96) AI encompasses multiple disciplines: AI includes robotics, computer vision, machine learning, and natural language processing, among other fields. cloud.google.com

97) AI is transforming various sectors: Healthcare, finance, education, transportation, and many other industries are being revolutionized by AI technologies. linkedin.com

98) AI is used in social media platforms: Twitter and Facebook use AI to enhance user experience, provide personalized content, and combat inappropriate or harmful content. techtarget.com

99) AI is involved in self-driving and parking vehicles: Autonomous vehicles implement AI algorithms to navigate, park, and make driving decisions. techtarget.com

100) The startup Outrider employs electric AI-based yard trucks to fully automate yard operations, making them safer and more efficient for tasks that are repetitive and potentially hazardous for humans. outrider.ai

101) The FBI employs artificial intelligence and machine learning to identify potential terrorist activity by monitoring mobile messaging apps and social media platforms. bgov.com

Promising AI Technologies to Watch for in 2024 and Beyond

  • More autonomous vehicles on public roads and the development of new technologies to improve their performance and safety.
  • Robotics, which has the potential to revolutionize transportation and fundamentally change the way we live and work.
  • Combining machines and people to enhance cognitive productivity.
  • Rapid democratization of artificial intelligence tech and research.
  • Generative AI taking it up a notch with more advanced creations.
global robotic ai market size 2021-2030
Credit: https://www.statista.com

TOP 10 AI Tools and Chatbots in 2024

  1. ChatGPT
  2. Perplexity AI
  3. Jasper AI
  4. The new Bing
  5. Midjourney AI Art
  6. Descript
  7. Notion AI
  8. Synthesia
  9. Soundraw AI
  10. Chatsonic by Writesonic

Here’s a comprehensive list of the top AI Tools which covers a wide range of widely used AI tools and platforms for different purposes. 

What Are Most Consumer AI Products Built On?

Most consumer artificial intelligence products are built on software-based systems that use data inputs to make decisions on their own.

Artificial intelligence (AI) refers to these systems that can process large amounts of data to solve tasks that otherwise require human intelligence.

AI can be used across the consumer goods value chain, including product innovation, market research, and personalized recommendations. Machine learning and data science are strong tech components of artificial intelligence.

The most popular frameworks for natural language processing (NLP) tasks include:

  • NLTK
  • Stanford CoreNLP
  • SpaCy
  • GPT-3 or GPT-4
  • Apache OpenNLP
  • Google Cloud AI Platform
  • Text Blob
  • Amazon Comprehend
  • Viso Suite Platform Software
  • IBM Watson

AI Skills in High Demand

  • Data analysis
  • Digital literacy
  • Cybersecurity
  • Adaptability and flexibility
  • Creativity
  • Deep learning
  • Reinforcement learning
  • Computer vision
  • Natural language processing
  • Critical thinking and problem-solving
  • AI and machine learning
  • Data Science
  • Research around data-centric models

These skills are expected to be highly sought after as artificial intelligence continues to gain popularity and organizations across industries increasingly seek to harness and operationalize the data they hold.

interest in ai related products among us adults in 2023
Credit: https://www.statista.com

The Origins of AI

Did you know that the roots of AI can be traced back to ancient Greek mythology? Hephaestus, the god of technology and blacksmithing, created Talos, a giant bronze automaton. This is just one example of how innovation has been a driving force in human history.

From the wheel to electricity to space travel, humans have always had an insatiable desire to create and improve upon existing technologies.

Fast forward to the 20th century, and we see some of the most significant advancements in AI. In 1956, John McCarthy coined the term ‘artificial intelligence’ at Dartmouth College during a conference that marked the beginning of AI research as an academic field.

The following decades saw incredible progress with early examples such as ELIZA (1966), which simulated conversation between a user and computer by mimicking a psychotherapist.

Types of AI

You might be surprised to learn about the different forms of artificial intelligence, including rule-based systems, generative AI, machine learning algorithms, natural language processing, and neural networks.

Machine learning is a type of AI that allows machines to learn from data without being explicitly programmed. This means that the machine can identify patterns in data and make predictions based on those patterns.

Natural language processing is another form of AI that enables computers to understand human language. It involves teaching machines to recognize speech, interpret text, and generate responses in natural language. Natural language processing has enabled chatbots and virtual assistants like Siri and Alexa to respond intelligently to user queries.

There are various types of artificial intelligence available today, each designed for specific purposes. With machine learning technology continuing to evolve rapidly, we can expect even more exciting advancements in the field.

Advancements in AI

The latest advancements in AI have revolutionized the way we interact with technology, making our lives easier and more efficient. One of the most exciting developments is the use of AI in space exploration.

The Mars Rover, for example, uses AI to make decisions about where to go and what rocks to study. This has allowed us to gather more data than ever before and learn more about our neighboring planets.

AI has also had a significant impact on financial markets. Traders are using machine learning algorithms to analyze huge amounts of data and make predictions about market trends. This has led to faster decision-making and increased profitability for many firms. 

It’s hard not to wonder what new innovations will come next as technology continues to advance at an exponential rate. But one thing remains certain: our desire for freedom will always drive us towards creating better tools and technologies to make our lives easier and more fulfilling.

Dan Chadney

Ever felt like your business should be getting more attention online? I felt the same way until I learned how to leverage SEO and digital marketing tactics to scale my e-commerce business to 6 figures per year. My name is Dan Chadney and before starting this blog, I spent 20 years as a web designer, front-end developer and SEO marketing specialist. Check out my online business guides and learn how to make money online!

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