A brand new examine has revealed that Singapore’s Synthetic intelligence (AI) funding fee has outpaced the US by 16 per cent per thousand $GDP.
That is regardless of the US being the biggest investor in AI, with US$328,548 million spent within the final 5 years.
Though being positioned tenth within the sum of money spent, Singapore invested an quantity equal to 1.5 per cent of its GDP in 2022, based on the AI statistics report curated by AIPRM.
As of 2023, the AI market dimension was valued between US$136.55 billion and US$454.12 billion. The biggest share is in North America, with an estimated worth starting from US$87.18 billion to US$167.3 billion, accounting for greater than a 3rd (36.84 per cent) of the worldwide AI market share.
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Asia Pacific contributes considerably (23.93 per cent) to the overall AI market dimension. Japan and South Korea, specifically, are key gamers in AI, valued at US$20.2 billion and US$16.3 billion, respectively, as of 2022.
The survey was performed in December 2023 and engaged 6,000 US adults.
The worldwide AI market is an financial powerhouse price nearly US$455 billion. The market dimension may exceed US$2.5 trillion by 2032 at a compound annual development fee of +19 per cent.
In keeping with the report, the predominant office use of AI is e mail spam filters, utilised by 78.5 per cent of respondents. Round three in 5 (62.2 per cent) employees make use of chatbots for customer support questions.
For the whole examine on AI statistics, please discover the hyperlink here.
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This text was first printed on January 24, 2024
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