2 minute read
In 2023, 71% of American companies saved over $25,000 by using ChatGPT 🤯
Stanford reports that AI projects on GitHub jumped by 59.3% in 2023, with stars on AI-related projects tripling from 4 million in 2022 to 12.2 million in 2023. By August 2023, 80% of Fortune 500 companies had adopted ChatGPT. McKinsey estimates that AI could automate up to 30% of work hours in the US and lead to 12 million job transitions.
We're seeing AI, machine learning, and automation merge to create hyper-automated processes. Gartner predicts that by 2024, 65% of enterprises will have deployed some form of hyperautomation. A PwC report suggests AI could add $15.7 trillion to the global economy and boost GDP by up to 26% by 2030.
Statistica forecasts that the market size for generative AI in finance will grow from $1.83 billion in 2025 to $9.48 billion by 2032. Gartner also says 76% of HR leaders believe that not adopting AI in the next 12-24 months will put companies at a disadvantage.
Forbes projects an annual AI growth rate of 37.3% from 2023 to 2030.
My point is simple: AI is here to stay. Those who jumped in early are seeing the benefits, and others are starting to realize they need to catch up.