Artificial intelligence (AI) is the latest buzzphrase in the tech industry. With the ever-increasing popularity of the chat engine ChatGPT, AI has become popular in normal households. According to the numbers presented by SafeBettingSites.com, the AI market size is set to $208 billion in 2023.

According to the numbers available on Statista.com, the AI market is set to grow significantly in 2023, and the trend is set to continue beyond. Last year was also a good one for AI, as the market witnessed massive growth. The annual revenue from artificial intelligence grew from $95.6B in 2021 to $142.3B in 2022, indicating an increase of 48.8%.

The AI industry is going to carry the same momentum in 2023. According to the estimates, the artificial intelligence market is set to bring in $207.9B in revenue in 2023. The revenue size in 2023 would indicate a further increase of 46.1%. In other words, the AI market size is set to more than double itself in the space of two years.

If we look further into the future, the AI craze is not going to calm down anytime soon. The market size is predicted to grow almost at the same rate (or even better) until the end of the decade. The estimated annual revenue for 2024 is $298.2B, which would mean a further increase of 43.5%.

Furthermore, the annual market size of artificial intelligence is estimated to cross the $1T mark by 2028. This landmark would mean an impressive feat considering the yearly market size was smaller than $100B in 2021.

As per the estimates, these technologies will be bringing in over $1.8T in annual revenues by 2030.

For additional statistics and information about individual clubs, check out the report here.