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Industry Landscape
The AI software market is experiencing rapid growth, driven by increasing adoption across diverse industries for automation, data analytics, and enhanced decision-making. Cloud-based AI solutions and specialized AI applications are becoming prevalent, fostering innovation and competitive advantage. Ethical AI considerations and data privacy are growing concerns shaping regulatory landscapes and development practices.
Total Assets Under Management (AUM)
AI Software Market Size in United States
~Approximately 124.6 billion USD
(38.1% CAGR)
- Driven by increasing enterprise adoption of AI solutions.
- Expansion into new applications like generative AI and intelligent automation.
- Significant investments from tech giants and startups.
Total Addressable Market
124.6 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI models are capable of creating new content, such as text, images, and code, revolutionizing content creation, design, and personalized user experiences.
Explainable AI (XAI)
XAI focuses on making AI models more transparent and understandable, crucial for building trust, ensuring regulatory compliance, and debugging complex AI systems.
Edge AI
Edge AI involves deploying AI models directly on edge devices, enabling real-time processing, reduced latency, and enhanced privacy for applications like IoT and autonomous systems.
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 for the design, use, and deployment of automated systems to protect the American public in the age of AI.
This policy will influence Stride AI's development practices by emphasizing ethical AI, transparency, and data privacy, requiring adherence to principles like safe and effective systems, algorithmic discrimination protection, and human alternatives.
National AI Initiative Act of 2020
This act established the National Artificial Intelligence Initiative to ensure U.S. leadership in AI research and development, setting priorities for federal investments in AI across various sectors.
This act could provide Stride AI with potential funding opportunities, research collaborations, and a more favorable ecosystem for AI innovation, while also increasing competition from other federally supported entities.
California Consumer Privacy Act (CCPA) - as amended by CPRA (2020/2023)
The CCPA (2020), further strengthened by the California Privacy Rights Act (CPRA) in 2023, grants consumers more control over their personal information collected by businesses, including the right to know, delete, and opt-out of sales and sharing.
Stride AI must ensure robust data governance, consent mechanisms, and transparent data processing practices to comply with stringent data privacy regulations, particularly when handling user data for AI model training or insights.
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