The State of Artificial Intelligence
The Artificial Intelligence (AI) industry continues to benefit from robust expansion and disruptive advancements:
The global AI market size was estimated at $197 billion in 2023 and is projected to grow at a CAGR of 36.6% to reach $1,745 billion in 2030 . AI is seeing massive capital inflows from a large pool of investors ranging from strategic, financial and sovereign buyers, with check sizes ranging from small $10-50 million VC rounds to $10+ billion investments from large cap investors like Microsoft and Silver Lake Partners. AI public valuations are at all-time highs. On June 11, 2024, Nvidia’s market cap surpassed $3 trillion, joining Apple and Microsoft in the $3 trillion market cap club. Nvidia shares have increased by over 154% in 2024, driven by its dominant position in GPU- accelerated computing. Similarly, on June 12, Apple shares climbed more than 7%, reaching a market cap of $3.29 trillion, after it announced its plans to incorporate AI technology across native apps and its latest devices, ranging from writing-assistance technology to AI-generated emojis. Regulations continue to tighten around data privacy worldwide. We expect similar scrutiny of AI from regulatory bodies in the coming years as advancements upend business practices across industries. Notably, we will see AI companies continue to adapt and mold their business models to create a seamless partnership between machines and the global population.
Growing Market
AI-Driven Public Markets Boom
Increased Regulations
Source: CNBC, Reuters, Bloomberg,
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