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This question is about how fast is technology advancing.

How fast is the artificial intelligence industry growing?

By Zippia Team - Jun. 29, 2022

The artificial intelligence industry is growing by 16.4% year over year. This number is the IDC estimate for 2021, and if correct, the global AI industry would earn $327.5 billion in revenue during that year.

It's anticipated that the industry will have a five-year CAGR of 17.5%, reaching a value of $500 billion by 2024.

How fast is the artificial intelligence industry growing?

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