Find stats on top websites

Industry Landscape

The AI industry is experiencing explosive growth, driven by advancements in generative AI and large language models. It's rapidly transforming various sectors, from healthcare to entertainment. Competition is fierce, with major tech companies investing heavily in R&D, while ethical considerations and regulatory frameworks are evolving to address AI's societal impact. Innovation in AI for scientific discovery is also a significant trend.

Industries:
AIMachine LearningGenerative AIDeep LearningAI Research

Total Assets Under Management (AUM)

Artificial Intelligence Market Size in United States

~315.89 billion USD (2024)

(37.3% CAGR)

The AI market is growing at a rapid pace.

- Driven by generative AI and LLMs.

- Significant investment in enterprise AI solutions.

- Expanding applications across diverse industries.

Total Addressable Market

1.3 trillion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

Multimodal Foundation Models

These models integrate and process various data types (text, image, audio, video) simultaneously, enabling more sophisticated understanding and generation capabilities across diverse applications.

AI for Scientific Discovery Acceleration

AI is increasingly used to accelerate research in fields like biology, chemistry, and materials science by predicting complex interactions, generating hypotheses, and simulating experiments.

AI Safety and Alignment Techniques

Focusing on methods to ensure AI systems behave as intended, are transparent, and mitigate risks like bias, misinformation, or unintended harmful outcomes as AI becomes more powerful and pervasive.

Impactful Policy Frameworks

NIST AI Risk Management Framework (AI RMF 1.0) 2023

The NIST AI RMF provides a voluntary framework for organizations to better manage risks associated with AI, promoting trustworthy and responsible development and use of AI systems.

This framework influences Google DeepMind's internal development processes, emphasizing responsible AI and risk mitigation, potentially guiding feature development for tools like SynthID.

Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (2023)

This broad executive order directs federal agencies to establish new standards for AI safety and security, protect privacy, promote innovation, and ensure responsible development of AI across various sectors.

The order mandates stricter safety testing, disclosure requirements for AI-generated content, and federal agency procurement preferences, directly affecting how Google DeepMind develops, deploys, and communicates about its models.

Blueprint for an AI Bill of Rights (2022)

Though not a binding law, this White House blueprint outlines five principles to guide the design, use, and deployment of automated systems in the U.S., focusing on safety, privacy, and algorithmic equity.

This blueprint sets a foundational expectation for ethical AI development, influencing Google DeepMind's commitment to responsible AI, transparency, and fairness in its models and applications.

Transform Your Ideas into Action in Minutes with WaxWing

Sign up now and unleash the power of AI for your business growth