80 Must-Know AI Statistics and Trends in 2024

Artificial intelligence (AI) is when a computer simulates human intelligence to complete tasks, like analyzing data. AI is extremely useful for automating tasks, fully or partially. That’s why so many businesses use it. 

Keep reading to learn how useful AI is through these 80 artificial intelligence statistics. These AI statistics will teach you everything from how many people use AI to what they use it for. 

Global AI Adoption Trends

These AI stats reveal how much of the world has adopted AI. These AI facts also reveal the pace at which businesses across the world are adopting AI. You’ll also learn about AI usage statistics. 

1. The global AI market will exceed $1 trillion by 2028. That’s a projected growth of 40% every year between 2023 and 2028. (Statista, 2023)

2. The generative AI market was worth $16.19 billion in the U.S. and $44.89 billion internationally. (Statista, 2023)

3. The total global corporate investment in AI startups increased by $5 billion between 2020 and 2022. (Statista, 2023)

4. Global corporate investment in AI reached $92 billion in 2022. (Statista, 2023)

5. North America received 41% of revenue made by the generative AI market in 2022. (Precedence Research, 2023)

6. 25-24 year olds make up over 20% of generative AI users. (Insider Intelligence. 2023)

7. AI technologies in 2023 free up between 60 to 70% of worker’s time by automating tasks. (McKinsey, 2023)

8. Over 80% of U.S. workers are likely to have at least 10% of their work affected by AI. Another 19% will see more than 50% of their work affected by AI. (OpenAI, 2023)

9. Adopting AI causes at least 20% of enterprise employees to reskill. (Statista, 2023)

10.  90% of data processing positions and over 80% of data collection positions are likely to be automated by generative AI. (Statista, 2023)

11. 78% of legal occupations are influenced by generative AI. (Forrester, 2023)

12. 52% of US adults express concern that AI will replace their jobs. (Mitre, 2023)

13. 47% of businesses consider employing AI over new employees. (Tech.co, 2023)

14. one in three businesses may replace employees with AI by the end of 2024. (Resume Builder, 2023)

15. 96% of businesses hiring in 2024 agree that candidates with AI-based skills will be preferred. 

Market Size and Growth of AI Statistics

These facts about AI reveal the size and growth of the AI market. These statistics about artificial intelligence also reveal how quickly businesses adopted AI. 

We’ve also included artificial intelligence facts about the AI market in the US specifically. 

16. AI is expected to add $25.6 trillion to the global economy. (McKinsey, 2023)

17. 75% of jobs could be automated by AI, but most jobs will complement workers instead of replacing them. (Goldman Sachs, 2023)

18. The global AI market was close to $208 billion in 2023. It’s predicted to rise to over $2 trillion by 2030. (Statista, 2023)

19. The global AI market was valued at $142.3 billion in 2023.

20. 73% of U.S. businesses use AI in some capacity. (PwC, 2023)

21. Over 25% of investments in American startups went to AI-related businesses in 2023. (Crunchbase, 2023)

22. ChatGPT reached a million users in 5 days and 100 million users in 2 months. This made it the world’s fastest-growing consumer app until Facebook’s Threads app. (Statista, 2023)

23. 54% of businesses used generative AI a year after ChatGPT was released. (PwC, 2023)

24. OpenAI sought a valuation of upwards of 90$ billion by October 2023. (New York Post, 2023)

AI Technological Innovations Statistics

These stats are about how AI contributes to technology and innovation. These statistics for artificial intelligence also talk about the development of AI as a new technology.

25. Generative AI could increase the world economy by between $2.6 and $4.4 trillion annually. (McKinsey, 2023)

26. OpenAI is one of the world’s best-funded startups, securing over $12 billion in investments by 2023. (Statista, 2023)

27. The natural language processing (NLP) market is projected to exceed $112 billion by 2030. (Statista, 2023)

28. ChatGPT received 2.2 billion visits in November 2023, of which 471 million were unique visits. (Semrush data)

29. Microsoft confirmed in March 2023 that the new Bing used GPT-4 after intense speculation.

30. OpenAI currently provides service to 188 countries, regions, and territories. (OpenAI, Date Not Specified)

31. ChatGPT costs an estimated $700,000 daily to operate. (Business Insider, 2023)

Industry-Specific AI Applications Statistics

These statistics are about AI use in specific industries, like tech, healthcare, and finance. These AI for statistics will help you better understand AI’s use cases in different applications. 

32. AI spending in the retail industry will likely reach $20.05 billion by 2026, which is a compounded growth rate of 39% since 2019. (Juniper Research)

33. 80% of retail executives expect their businesses to use AI-powered automation by 2027. (Juniper Research)

34. 37% of U.S. advertisers and marketers used AI in their work in some capacity in 2023. (Statista, 2023)

35. 14% of businesses eagerly use generative AI in marketing and sales. (McKinsey, 2023)

36. The global artificial intelligence in the healthcare market was valued at $16.3 billion in 2022 and is expected to grow to $173.55 billion by 2029. (Binariks)

37. AI can potentially increase financial service revenues by 34% and increase economic growth by 26%. (Gitnux)

38. The global AI in manufacturing market size was worth $5 billion in 2023 and is expected to reach over $68 billion by 2032. (Precedence Research).

39. AI will improve manufacturing productivity by at least 40% by 2035. (Accenture).

40. AI-powered predictive maintenance can reduce maintenance costs by 30% and unplanned downtime by 45%. (PwC)

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The reality is that being unprepared is a choice. The benefits come when we see AI as a tool, not a terror, and bring it into our sales motions

— Anita Nielsen, president, LDK Advisory Services

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41. AI in manufacturing processes can reduce costs by up to 30%. (World Economic Forum).

42. The AI in the transportation market was valued at over $3 billion in 2022 and will reach over $23.11 billion by 2032 with a compounded annual growth rate of 22.7% between 2023 and 2032.

43. The AI in the media and entertainment market grew from $13.79 billion in 2023 to $17.65 billion in 2024 with a compounded annual growth rate of 28%. (The business research company)

44. Automation is expected to increase three times in the education industry due to AI use. (Statista, 2023)

45. The AI in security market size was $21 billion in 2023 and is expected to reach $50 billion by 2028. (Mordor Intelligence, 2023)

46. The wearable AI market was valued at $20 billion in 2023 and will rise to $230 billion by 2033. (Fact MR, 2023)

You might also be interested in: 80 Marketing Automation Statistics

AI Statistics for Business

These stats include how many businesses use AI and for what. These stats include how people using AI help businesses save money. 

47. Machines perform nearly 34% of all business-related tasks today. (World Economic Forum, 2023)

48. Businesses expect a 6% to 10% increase in revenue from AI adoption. (Statista, 2023) 

49. AI can increase labor productivity growth by 1.5% over the next decade. (Statista, 2023)

50. Over 80% of Fortune 500 companies adopted ChatGPT for business purposes by August 2023. (OpenAI, 2023)

51. 46% of American companies saved between $25,000 and $70,000 by using ChatGPT. (Statista, 2023)

52. 55% of businesses used AI generative solutions in October 2023. (Gartner, 2023) 

53. 79% of corporate strategists believe AI technology is vital for success in the next 2 years. (Gartner, 2023)

54. Corporate strategists believe that over 50% of strategic planning and execution activities can be automated by AI. Currently, only 15% of such activities are automated. (Gartner, 2023)

If you’re interested, click here to learn about AI marketing statistics. 

AI Ethics and Bias Statistics

These stats relate to the ethical applications of AI and the opinions of experts on AI. 

55. 75% of corporate executives ranked AI ethics as important in 2021 compared with less than 50% in 2018. (IBM, 2022)

56. Fewer than 20% of executives believe their firms meet the AI ethics values they state to believe in. (IBM, 2022)

57. 56% of executives aren’t aware of whether their firms have ethical standards to guide generative AI use. (Deloitte, 2023)

58. 40% of people express trust in firms to ethically use new technology like AI. (IBM, 2022)

59. 22% of executives claim data privacy is their top ethical concern about AI. (Deloitte, 2023)

60. 82% of business leaders believe it’s okay to use AI tools for responding to colleagues. (Tech.co, 2023)

AI Job Market and Skills Demand Statistics

These statistics are about the AI job market and demand for skills. 

61. AI is expected to create 97 million new jobs by 2025. These jobs will be in fields like data analysis and software development. (World Economic Forum)

62. AI specialist roles have grown by 74% in the past 4 years. (Linkedin)

63. AI and machine learning specialists have a projected growth rate of 74% over the next decade. (World Economic Forum)

64. The top emerging jobs in the AI market include AI specialists, data scientists, and machine learning engineers. (World Economic Forum)

65. The most in-demand skills for AI include machine learning, natural language processing, and deep learning. (Burning Glass Technologies)

66. The average base salary for an AI-related job in the United States is $121,404. (Glassdoor)

67. The industries with the highest AI job growth include healthcare, finance, and technology. (Deloitte)

68. The regions with the highest AI job growth include North America, Asia, and Europe. (World Economic Forum) 

69. There has been a five-fold increase in demand for AI skills in the United States since 2015. (Ox)

Future Outlook for AI

These statistics are about the future of AI and its impact on the world. 

70. Generative AI could improve labor productivity by 0.1% to 0.6% through 2040. (McKinsey, 2023)

71. AI could increase global GDP by 7%. (Goldman Sachs, 2023)

72. China could increase their GDP by upwards of 26% by 2030 due to AI. (PwC, 2017)

73. Generative AI could automate 30% of working hours by 2030. (McKinsey, 2023)

74. AI could automate 300 million full-time jobs. (Goldman Sachs, 2023)

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Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we’ll augment our intelligence.

— Ginni Rometty, CEO of IBM

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75. Global AI investment could reach $200 billion by 2025. (Goldman Sachs, 2023)

76. The generative AI market size is expected to grow by 24.4% annually from 2023 to 2030, reaching a market value of $207 billion by 2030. (Statista, 2023)

77. The global AI chip market is expected to hit $120 billion in value by 2027. (Statista, 2023)

78. The global AI software revenue will reach $100 billion by 2025. (Omdia, Date Not Specified)

79. Google expects their AI chatbot to help the company achieve 2 billion users. (Reuters, 2023)

80. AI could potentially replace up to 15% of the global workforce, affecting around 400 million workers by 2030. (McKinsey)

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Empower Your Future with AI Insights

These artificial intelligence stats prove that AI is rapidly growing in 2024. The AI market, demand for AI skills, and AI uses in business are all increasing. These facts about artificial intelligence prove that you can’t afford to neglect AI. 

Our 80 AI Stats 2023 also proves you’ll benefit massively from adopting AI. If these statistics about AI have inspired you, check out Mandala AI to transform your business today.