Generative AI has become a game-changer in various industries, from entertainment to healthcare, finance, marketing, and more.
This technology can create unique and realistic outputs that were once only possible with human intervention, such as images, videos, and text.
In this article, I’ll dive into the latest Generative AI statistics and market trends surrounding 2023, including its adoption, market growth, investments, and other relevant stats.
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Adoption of Various Generative AI Tools Statistics
Various industries have increasingly adopted generative AI tools, ranging from the creative sector to healthcare and finance.
This section will explore the different types of Generative AI tools gaining traction.
We’ll also examine how these tools are used in various industries and their potential impact.
- In a 2023 Statista survey of US professionals, 29% of Gen Z respondents used generative AI tools. Additionally, 28% of Gen X and 27% of millennials used such tools. (Statista)
- The enterprise software platform Enterprise Apps Today found that technology, education, business services, manufacturing, and finance companies are most likely to use OpenAI’s solutions. (World Economic Forum)
- In a 2023 survey in the United States, 48 percent said that neither Photoshop nor Generative artificial intelligence (AI) images of faces/people should be used in social media advertising. Another 25% said both image programs were good enough for that task. (Statista)
- The State of AI report predicts 100,000 developers will use generative audio tools by September 2023. (State of AI)
- According to IBM’s survey, AI adoption is rising. Chinese and Indian firms have the highest AI adoption rates at nearly 60%. AI adoption was half or less in the USA (25%), UK (26%), Canada (28%), Australia (24%), and others. (Deccan Herald)
- By 2025, 30% of large organizations’ outbound messages will be synthesized, up from 2% in 2022. (Gartner)
- Gartner predicts that by 2025, generative AI will account for 10% of all data produced, up from less than 1% currently. (Gartner)
- By 2030, a major blockbuster film will be released, with 90% of the film generated by AI (from text to video), up from 0% in 2022. (Gartner)
- Gartner expects generative AI to account for 10% of all data produced by 2025, up from less than 1% today. (Gartner)
- According to Gartner, by 2024, 60% of the data used to develop AI and analytics projects will be generated synthetically. (Gartner)
- Five days after its launch, ChatGPT had more than one million users (Greg Brockman, Co-Founder of OpenAI)
- Only 15% of US professionals surveyed said generative AI had been used in healthcare. This shows that healthcare may be behind in using AI technology due to its slow adoption of generative AI. (Gitnux)
AI and Generative AI Market Statistics
The AI and Generative AI market has rapidly expanded in recent years, with more companies and startups investing in this technology.
This section will explore the latest market trends and statistics, including revenue growth, market size, and future projections.
- The Global Generative AI Market Size was USD 7.9 Billion in 2021 and is expected to reach USD 110.8 Billion by 2030, increasing at a CAGR of 34.3% from 2022 to 2030. (Acumen)
- From 2022 to 2030, the Asia-Pacific generative AI market will develop at an impressive CAGR. (Acumen)
- The generative AI market is projected to be dominated by North America. The adoption of digital technology and emerging players in regional countries are key factors driving the growth of the generative AI market in North America. (The Brainy Insights)
- One significant generative AI market trend driving industry demand is the growing use of AI-integrated solutions across several verticals. (Acumen)
- Microsoft Corporation, Hewlett-Packard Enterprise Development, Oracle Corporation, NVIDIA, and Salesforce are some of the significant generative AI market participants worldwide. (Yahoo! Finance)
- Experts in the AI market think that more cloud service providers will add AI to their services because they think it will be used more in the long run. Because IT modernization with low-code and no-code tools costs 70% less and can be done faster (in as little as three days) than with traditional methods, 66% of developers are already using (39%) or plan to use (27%) them in 2023. (Influencer Marketing Hub)
- Americans were particularly interested in generative artificial intelligence (AI) content created by artists and musicians and shared on social media. In comparison, only 18% of respondents found generative AI content from social media influencers appealing. (Statista)
- In a 2023 study in the United States, 16% of respondents aged 35 to 44 said generative artificial intelligence (AI) graphics developed and/or shared by brands/advertisers were highly appealing. Another 12% of respondents aged 18 to 34 said that generative AI images made and/or shared by influencers are particularly appealing in social media advertising. (Statista)
- According to a January 2023 survey, 78 percent of U.S. adults saw AI-written news items as unfavorable. 19% of younger customers viewed this as a positive development, compared to only 7% of those aged 55 and over. (Statista)
- Almost all respondents knew that generative artificial intelligence (AI) could be used in social media, but less than a third could say they had used it. In the US, less than 10% of the people who answered the survey had used generative AI for social media. This shows that while almost half of U.S. citizens may have heard of AI on social media, it is a topic that most people don’t care much about. (Statista)
- With millions of daily active users, well-known generative AI applications like MidJourney, Jasper.ai, and ChatGPT are revolutionizing creative task-performing environments. (Idea Usher)
- A survey of US professionals done in 2023, it was found that 37% of those who worked in advertising or marketing had used artificial intelligence (AI) to help with work tasks. In healthcare, however, only 15% of the people asked said they had used AI at work. (Statista)
Generative AI Investments Statistics
Investment in Generative AI has increased, with more venture capitalists and companies investing in this technology.
This section will dive into the latest investment statistics, including funding rounds, mergers and acquisitions, and startup valuations. We’ll also take a closer look at the key players in the market and their potential impact on the industry.
- The field of generative AI is still young. CB Insights found that 33% of the more than 250 generative AI companies have not yet raised equity funding from outside sources. Another 51% are Series A or earlier, which shows that the space is still in its early stages. (CB Insights)
- So far, six companies in the generative AI space have reached unicorn status, which means they are worth more than $1 billion. These companies are OpenAI, Hugging Face, Lightricks, Jasper, Glean, and Stability AI. (CB Insights)
- The generative artificial intelligence (AI) field has received a sizeable amount of venture capital (VC) funding in the past three years, totaling $1.7 billion over 255 deals. (Gartner)
- 40% of generative AI businesses in the U.S. receive nearly half of all VC funding, while innovation and startup activity are also happening. (Gartner)
- The largest VC funding categories in generative AI include AI-assisted drug discovery, AI code generation, and AI avatars. (Gartner)
Other Generative AI Statistics
In this section, we’ll explore other relevant statistics related to Generative AI, including its impact on the job market, its potential ethical implications, and the latest research and development trends.
We’ll also look at the potential future of Generative AI and its impact on various industries.
- In the preceding six months, there had been an upsurge in searches for the keyword “generative AI” globally. In the week beginning February 12, 2023, the popularity of the search phrase “generative artificial intelligence” reached 100 index points. After ChatGPT, an AI chatbot model created by the US research firm OpenAI was released, interest in “generative AI” experienced a boom. (Statista)
- China has the most people searching for ChatGPT, followed by Nepal and Singapore. (Wired)
- OpenAI’s AI detection software, known as a classifier, can adequately identify 26% of material written by AI Writers while mislabeling human-written text as AI-written 9% of the time. (OpenAI)
- 175 billion different parameters were used throughout the training process for the GPT-3 language model. (OpenAI)
- Google’s alarm bells rang louder. Already under a “code red” to productize AI, Google may need to move faster. Google’s US ad revenues are expected to climb 2.9% in 2023, compared to Microsoft’s 10.0% from a lower base. As Amazon enters product search and regulators file antitrust actions, Google’s search business is threatened. (Insider Intelligence)
- OpenAI-powered Bing may be an intense competition. Microsoft may add ChatGPT technology to Bing by March, even though ChatGPT isn’t ready to compete with Google. Microsoft must establish guardrails to avoid ChatGPT’s flaws and restrict its massive computing and power needs. (Insider Intelligence)
- In eCommerce, 62% of consumers are worried about AI bias, but 69% of people who took part in a poll said they are open to brands using AI bias if it will make their shopping experience better. This will continue since 91% of consumers already use chatbots, most of which are powered by artificial intelligence. (Influencer Marketing Hub)
- 54% of executives say AI solutions have made their businesses more productive. These leaders are using AI to automate processes that are too hard for older technologies to handle, to find trends in historical data, and to help people make better decisions by giving them information about the future. (PwC)
- As AI improves electronic health records, doctors can give more accurate diagnoses, make drugs specific to each patient, and tailor treatment plans. AI-enhanced diagnostics can reduce the yearly harm that one in four patients experience because of mistakes or carelessness from hospital staff. (NEJM)
- Most senior IT leaders (57%) believe generative AI is a ‘game changer.’ They believe the technology has the potential to help them better serve their customers, take advantage of data, and operate more efficiently. Even people who say the technology is “over-hyped” agree with this view: 80% agree that generative AI will help them better serve their customers. (Salesforce)
- When asked about the challenges they face implementing generative AI, business leaders consistently cited concerns over data security as a top concern. (Salesforce)
- According to a recent poll of more than 500 senior IT leaders, generative AI will be prioritized for businesses during the next 18 months by 67% of respondents, with 33% designating it as a top priority. (Salesforce)
To Sum Up
Generative AI is becoming this super cool and creative tech, right? It’s got tons of possibilities and ways it can be used.
If we check out the latest stats and trends, we can really get a feel for where it’s going and how it’s gonna help everyone.
Staying in the loop with all the new stuff happening in Generative AI is super important as it keeps growing and changing. You don’t want to be left behind.
So, if you’re into this kind of stuff, don’t forget to share this article with your friends or even quote it on social media.
Let’s get more people talking about it and keep the conversation going.