AI

• [New] Trash picking robots in China is just more evidence of how automation and artificial intelligence will displace millions of jobs, not only in China but worldwide by the end of the decade.
• [New] AI in digital marketing is expected to reach a global market of $21 billion by 2023, growing at a consistent Compound Annual Growth Rate of 26%.
• [New] The AI in cyber security market is projected to generate a revenue of $101.8 billion in 2030, increasing from $8.6 billion in 2019, progressing at a 25.7% CAGR during the forecast period (2020-2030).
• [New] AI could contribute $ 15.7-trillion to the global economy by 2030, as a result of productivity gains and increased consumer demand.
• [New] The impact of AI in marketing and sales will contribute an incremental $1.7 trillion to $3 trillion per year in new value created across industries.
• [New] More than 60% of life sciences companies spent over $20 million on artificial intelligence initiatives last year, and more than half expected their AI spending to increase in 2020.
• [New] China is maintaining its modernization pace and envisions gaining competitive advantages in AI, quantum computing, and bioengineering by 2030.
• [New] More than 60% of life sciences companies say they spent over $20 million on AI initiatives last year, and more than half expect investments to increase in 2020.
• [New] 93% of UK business leaders believe that in 2035, AI technology investment will be the biggest driver of growth for their organisation.
• [New] Robots and artificial intelligence are replacing a larger share of existing jobs, with a recent estimate suggesting that 8.5% of the global manufacturing workforce could be displaced by industrial robots by 2030.
• [New] By 2050, Smithfield expects advanced robotics, AI and data analytics to be at the forefront of modern manufacturing.
• [New] Worldwide business spending on AI is expected to hit $50 billion in 2020 and $110 billion annually by 2024, even after the global economic slump caused by the COVID-19 pandemic.
• [New] The value of the robotics market is expected to reach $87 billion by 2025, while Tractica forecasts that robotics and AI together will reach a value of $237 billion by 2022.
• By 2021, the intelligent automation market is expected to be $2.9 billion, with a compound annual growth rate of 7% between 2020 and 2025.
• 58% of UK leaders believe that by 2030, AI will generate more revenue for their organisation than human workers.
• With the UK having no known graphite deposits feasible to make battery anodes, and Benchmark Mineral Intelligence foreseeing UK capacity requiring ~200,000 tpa by 2027, Talga's large and high-grade resources offer a strategic and local supply.
• By the year 2030, as much as $15.7 trillion will be pooled into the world economy and AI is the attributing factor.
• More than 60% of life sciences companies spent over US$ 20 million on AI initiatives in 2019, and more than half expect investments in AI to increase in 2020.
• Grand View Research estimated the global artificial-intelligence market at $39.9 billion in 2019, projected to expand at a compound annual growth rate of 42.2% from 2020 to 2027.
• For several years now, studies by the US intelligence services (CIA) have been predicting that China will be the world's first economy by the year 2030.
• Artificial intelligence could add US$ 366 billion to Indonesia's gross domestic product in the next decade and almost $1 trillion in added GDP across Southeast Asia.
• After the split, which should occur by the end of 2021, the slimmed-down IBM will focus on expanding its presence in the hybrid cloud and AI markets.

Last updated: 25 November 2020