AI investment and startups

The global artificial intelligence market, currently valued at 327.5 billion U.S. dollars, continues to grow driven by the influx of investments it receives. From 2015 to 2020, the total yearly corporate global investment in AI increased by 55 billion U.S. dollars, with much of it coming from private investments from U.S. companies. The most recent top funded artificial intelligence startups in the United States are that of UiPath, Nuro, and Indigo Ag to name a few. UiPath is the AI startup to watch, as it is considered the second most valuable AI unicorn startup worldwide at 35 billion U.S. dollars and has accomplished the designation of the most popular robotic process automation (RPA) product vendor across Global 2000 enterprises.

AI jobs and popular AI use cases

The increase in AI investment is coupled with an increase in the need for AI talent. Many companies have posted job opportunities for those with AI talent across IT departments as well as in other business areas. Additionally, many countries have seen their AI hiring rate increase over the past few years, with Brazil seeing the most at 3.4 times more AI-related occupations in 2020 compared to 2016. This increase in hiring AI talent goes hand in hand with the overall global increase in artificial intelligence and machine learning use cases throughout companies. Popular use cases for AI and machine learning include improving customer experience and generating customer insights. Given the increase in use cases, we can expect to see more of AI in the coming years.

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