The news: The global AI market is projected to grow to between $780 billion and $990 billion by 2027, fueled by massive investments in AI expansion and necessary data center infrastructure, per a report from Bain & Company.
- AI revenue was $185 billion in 2023. Bain’s Global Technology Report estimates annual growth of 40% to 55%.
- Significant investments from companies and governments aim to boost AI efficiency and competitiveness.