Investment into generative AI hit US$25.2bn in 2023, almost eight times higher than in 2022.16 In addition, the number of AI patents being granted each year has grown significantly since 2010, rising from under 5,000 in 2010 to over 60,000 in 2022.17 The AI explosion is well and truly underway.
Research has found that 79% of business leaders have used generative AI in some capacity, with 22% using it on a regular basis.18 Combined with our research, which found that a quarter (25%) of global business leaders plan to invest in new technologies such as AI this year, it is clear that AI is already vital to the operations of many businesses across the globe. With 60% of jobs in advanced economies exposed to AI19, the technology is set to have a transformative impact on societies across the globe.