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Industry Landscape
The AI Solutions market is experiencing rapid growth, driven by increasing adoption across diverse sectors for efficiency and innovation. Investments are surging, particularly in North America and Europe, focusing on AI-driven insights, automation, and customer experience. The demand for skilled talent remains high, alongside challenges in integration and data governance.
Total Assets Under Management (AUM)
Artificial Intelligence Market Size in United States
~$156.4 Billion (2023)
(36.8% (2023-2030 CAGR) CAGR)
- Driven by increasing AI adoption across industries.
- Strong growth in enterprise AI solutions.
- Focus on operational efficiency and innovation.
Total Addressable Market
1.85 Trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI models are capable of creating new content, from text and images to code, enabling hyper-personalization and automated content generation across various business functions.
Explainable AI (XAI)
XAI focuses on developing AI models whose output can be understood by humans, crucial for building trust, ensuring fairness, and complying with ethical guidelines in AI applications.
Edge AI
Edge AI brings AI processing closer to the data source, reducing latency and bandwidth requirements, and enabling real-time decision-making in environments like manufacturing and IoT.
Impactful Policy Frameworks
AI Bill of Rights (2022)
The Blueprint for an AI Bill of Rights, released by the White House Office of Science and Technology Policy in 2022, outlines five principles to guide the design, use, and deployment of automated systems.
This non-binding framework encourages ethical AI development and deployment, urging companies like Levatas to prioritize safety, transparency, and non-discrimination in their AI solutions.
National Artificial Intelligence Initiative Act of 2020
This act, signed into law in 2020, establishes a national strategy for AI research and development across federal agencies, aiming to ensure U.S. leadership in AI innovation.
It fosters increased government investment in AI, potentially leading to more funding opportunities for AI solution providers and influencing research priorities for future AI applications.
California Consumer Privacy Act (CCPA) - as amended by CPRA (2020/2023)
The CCPA, effective 2020 and amended by the California Privacy Rights Act (CPRA) effective 2023, grants California consumers more control over their personal information collected by businesses, including obligations related to automated decision-making.
Businesses deploying AI solutions must ensure robust data governance, transparency in data collection and usage, and mechanisms for consumer data requests, directly impacting the design and deployment of data-intensive AI models.
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