Find stats on top websites
Industry Landscape
The custom AI platform industry is rapidly expanding, driven by the increasing demand for tailored AI solutions and the accessibility offered by no-code platforms. Businesses across various sectors are adopting these tools to enhance efficiency, customer engagement, and data utilization without extensive technical expertise. Security and data privacy remain key concerns, pushing for robust compliance measures and ethical AI development.
Total Assets Under Management (AUM)
Artificial Intelligence Market Size in United States
~Approximately 120 billion USD
(37.3% CAGR)
- Driven by increasing adoption across diverse industries.
- Significant investment in R&D and advanced AI technologies.
- Growing demand for AI-powered solutions in business operations.
Total Addressable Market
Approximately 120 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Edge AI
Processing AI models closer to the data source (e.g., on a user's device) for lower latency and enhanced privacy, reducing reliance on cloud infrastructure.
Multimodal AI
AI systems capable of understanding and integrating information from various data types, such as text, images, audio, and video, for more comprehensive insights.
AI TRiSM (Trust, Risk, and Security Management)
A framework for building trustworthy AI systems by ensuring reliability, security, fairness, and transparency throughout the AI lifecycle.
Impactful Policy Frameworks
AI Bill of Rights (2022)
The White House Office of Science and Technology Policy (OSTP) released the 'Blueprint for an AI Bill of Rights' in October 2022, outlining five principles for the design, use, and deployment of automated systems: safe and effective systems, algorithmic discrimination protections, data privacy, notice and explanation, and human alternatives, consideration, and fallback.
This policy pushes CustomGPT.ai to ensure its AI models are fair, transparent, and protect user data, potentially requiring additional development for auditing and bias detection features.
National Institute of Standards and Technology (NIST) AI Risk Management Framework (AI RMF 1.0, 2023)
NIST published its AI Risk Management Framework (AI RMF 1.0) in January 2023, providing voluntary guidance for organizations to manage risks associated with AI systems, focusing on govern, map, measure, and manage functions.
CustomGPT.ai will need to align its development and deployment processes with the NIST AI RMF to demonstrate responsible AI practices, potentially leading to new internal compliance procedures and reporting.
American Data Privacy and Protection Act (ADPPA, proposed 2022)
The American Data Privacy and Protection Act is a proposed comprehensive federal privacy bill in the US aiming to establish a national standard for data privacy, including data minimization, new consumer rights, and heightened protections for sensitive data.
If enacted, the ADPPA would necessitate significant adjustments to CustomGPT.ai's data handling practices, consent mechanisms, and user data access policies to ensure compliance across all operations.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
