A report by McKinsey published in December 2022 found that AI adoption by organisations has more than doubled since 2017, with 50–60% of organizations using some form of AI tool in their operations.
The World Economic Forum reported in early December 2022 that approximately 40% of the retail sector is currently automated by AI, with a rise to 60–65% expected in the next three to four years. Overall sales of service robots rose 37%, with the retail sector proving to be a significant driver for this demand.
A government initiative first publicised in mid-December 2022 is set to divide a total of £1.85 million among AI startups to optimise transport systems. The initiative aims to help foster a greener future for transport in the UK, as well as to create jobs in the sector.
On Tuesday 22 November 2022, the UK government launched a £1.5 million innovation programme supporting the use of AI in the reduction of national carbon emissions. The programme – called the AI for Decarbonisation Programme – is a part of the £1 billion Net Zero Innovation Portfolio, which aims to apply technology to reduce the UK’s carbon footprint.
A report published in October 2022 by Global Market Insights predicts that the AI engineering market, currently valued at $18 billion (USD) globally, will grow at a 35% CAGR from 2023 to 2032, reaching an estimated $70 billion.
A report published by Precedence Research in December 2022 estimates that the global generative AI market size will grow from $10.79 billion in 2022 to around $118.06 billion in 2032, at a 27.02% CAGR. The report also showed that the North America region is leading the market, capturing more than a 41% revenue share in 2022.