The article also reveals that 42% of organizations reported cost reductions and 59% reported revenue increases from implementing AI. Global private AI investment has fallen for the second year in a row, but the number of newly funded AI companies increased by 40.6%. China leads in industrial robot installations, accounting for 52.4% of the global total in 2022. Studies suggest that AI can improve worker productivity and output quality, but caution is advised due to potential performance issues. AI was mentioned in nearly 80% of all Fortune 500 companies' earnings calls in 2023, with generative AI being the most frequently cited theme.
Key takeaways:
- Investment in generative AI surged in 2022, reaching $25.2 billion, with major players like OpenAI, Anthropic, Hugging Face, and Inflection reporting substantial fundraising rounds.
- The United States leads in AI investments, reaching $67.2 billion in 2023, which is nearly 8.7 times more than China, the next highest investor.
- AI-related job postings decreased from 2.0% of all job postings in America in 2022 to 1.6% in 2023, due to fewer postings from leading AI firms and a reduced proportion of tech roles within these companies.
- A 2023 McKinsey report reveals that 55% of organizations now use AI in at least one business unit or function, up from 50% in 2022 and 20% in 2017.