








Investments in artificial intelligence (AI) are projected to surge significantly in 2024 and beyond, with several markets anticipated to experience substantial growth driven by AI advancements. According to venture firm Accel, AI and cloud funding in the US, Europe, and Israel is expected to reach $79 billion in 2024, marking a 27% increase from the previous year. Generative AI companies account for about 40% of this surge, with $56 billion invested in the sector over the past two years. The global AI in networks market is projected to reach $46.8 billion by 2029, up from $10.9 billion in 2024. The artificial intelligence software platform market is expected to grow from $59.10 billion in 2024 to nearly $196 billion by 2028. Other sectors benefiting from AI advancements include the global tower internals market, projected to grow by $1.13 billion between 2024 and 2028, and the non-metallic pipes market, expected to rise by $22.7 billion in the same period. The thermoplastic polyurethane market is also projected to see AI-enhanced growth of $945.7 million between 2024 and 2028, particularly in the Asia-Pacific region due to increased demand from the automotive sector. Data center expansions, amounting to $8.2 billion, and healthcare AI startups are attracting significant investment, although questions remain about when returns will materialize. In the United Arab Emirates (UAE), AI adoption is increasing rapidly, with discussions at GITEX 2024 highlighting the demand for modular AI that seamlessly integrates with existing systems. Global AI investment is projected to hit $200 billion by 2025. Despite the significant investment and growth potential, trust in AI for financial decisions remains a concern. Research indicates that while big banks are increasingly using AI in their investment strategies, trust in AI depends on who the users are, and many people remain distrustful of technology handling their money. Experts from Fortune and Accenture are exploring ways to make AI investments pay off, considering whether emphasizing AI's potential rather than its risks could encourage broader adoption, particularly among women. Additionally, AI is changing deal sourcing in venture capital by analyzing company data like never before, but human intuition remains vital for final decisions.
In today's article I explore the extraordinary expansion of the artificial intelligence software platform market. With projections showing a leap from $59.10 billion in 2024 to nearly $196 billion by 2028, AI's growth is outpacing every technological boom in history.
Will highlighting AI’s potential more than its perils draw more women into using it? #FortuneMPW https://t.co/F7DyeaITAR
AI and cloud funding in the US, Europe, and Israel is expected to reach an impressive $79 billion in 2024, according to Accel. Discover what this surge means for the tech landscape and investment opportunities. Read more here: https://t.co/5WNwtJJNSu.