Study of investment in artificial intelligence industry across the world

Abstract

Artificial intelligence plays a vital role. The term AI was first used in 1955, and since then, much progress has been made. Investment is considered as one of the parameters of growth in any field, and this study investigates the same. The main objective is to know that how is AI market growing and what kind of investment is being made in this area worldwide. The world is classified into four parts for this purpose. The study is based on various published sources. Therefore, explorative research is used here. It is found that post 2000, a notable increase in investment was seen and highest investment in this sector was made by the US and China. India stands at fourth now. So, it is concluded that North America is at top and after which Asia and Europe come into the list. Finance, healthcare, automative, retail and software development are found as the key attractor of AI investment. The conclusion says that AI industry has a rich future and countries other than US, China and existing one will also invest significantly in it.