2024: AI company revenue expected to reach $3 billion

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[Netease smart news November 28 news] New Delhi news: According to Avendus Capital's report, artificial intelligence (AI) company's expected revenue is growing rapidly and is expected to reach about 3.06 billion US dollars by 2024.

According to this report, deep learning is expected to achieve the fastest growth in the field of artificial intelligence, and will become the largest part of the total revenue of artificial intelligence companies.

According to the report, “Artificial intelligence predicts that revenues are on the fast-growing track, with a growth rate of 40% and is expected to reach US$3.061 billion by 2024.” In addition, the increasing demand for robots by humans has led to investment in artificial intelligence. M&A activity increased.

According to the report, in the past three years, the artificial intelligence industry has obtained more than 11.5 billion U.S. dollars in investment, and it is estimated that there will be more than 6 billion U.S. dollars in venture capital investment in 2017.

Puneet Shivam, head of joint service at Avendus Capital headquarters in Washington DC, said: "The evolution of the times has made the automation process more and more important, and the demand for artificial intelligence has grown in the past few years to attract this area. The reason for the exponential increase in investment."

Shivam further stated: "Now, companies are now allocating more budget to artificial intelligence, making it an intangible asset to increase the customer volume and market share of local Indian companies. With the update of artificial intelligence and the introduction of an evolutionary version This technology will continue to develop in the future, thus shaping the dynamic environment of technology.

Currently, some of the most active venture capital funds in this area are Data Collective, Khosla Ventures, Intel Capital, New Enterprise Associate, Google Ventures and Bloomberg Beta.

It is estimated that the revenue share of medical and diagnostic services will account for 21% of total revenue in 2020, followed by search (20%), sales and marketing (18%), self-driving cars (8%), and law (7%) And cyber security (6%).

The report said that the automated process brought by robots will have an impact on the ecosystem of companies and services in different markets around the world.

RPA uses computer software to process and automate routine standardization tasks to help the knowledge workers in the organization.

(From: FirstPost Compilation: Netease See Compiled Robot Reviewer: Fu Zeng)

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