The headlines about the impact of artificial intelligence – and the industries they cover – are seemingly never ending.
“Artificial intelligence can identify students at risk of failing and provide tools for success”
“Artificial Intelligence Can Forecast Damaging Solar Storms”
“Artificial Intelligence Used to Predict Heart Trouble”
“Artificial Intelligence Cuts Miss Rates for Colonoscopies”
“Startups apply artificial intelligence to supply chain disruptions”
This didn’t require a deep dive through the annals of the internet; all of these articles were published online within the past two days.
The widespread application of artificial intelligence goes a long way toward explaining the widespread, exponential growth of investment in its broad spectrum of technologies.
Consider the following: in 2011, funding for artificial intelligence companies in the United States totaled just shy of $300 million.
In 2019 – just eight years later – U.S. AI companies brought in a whopping $16.5 billion in funding.
Keep in mind, this is all before the pandemic rapidly accelerated society’s transition to a more digitally focused lifestyle.
To demonstrate this impact, in 2021, U.S. investment in artificial intelligence eclipsed $50 billion.
Proverbially speaking, the toothpaste doesn’t go back in the tube.
Artificial intelligence is the new normal.
In fact, it could be argued AI isn’t just the new normal, but the new frontier altogether.
By using artificial intelligence, businesses are able to increase productivity by 40%, reaching heights previously thought unobtainable.
That’s one of the main reasons so many higher-ups are putting all of their chips into the AI basket. To be precise, 72% of decision makers say that artificial intelligence will be the business advantage of the future.
This market is projected to eclipse $500 billion in the next 20 months, but that’s not the end. It will continue growing at an incredible 36.1% CAGR through 2028.
Taking things a step further, by 2030, the AI industry will comprise more than a quarter of the world’s total GDP.
Simply put, artificial intelligence will be one of the most impactful shifts to the economy in history.
There are hosts of companies who are staking their claim to the future on its back, and in the next decade, new giants will be made on its account.
Of course, that makes these particularly fertile investment grounds.
And we don’t just mean for venture capital firms and day traders. In fact, these groups are only scratching the surface of the investment potential artificial intelligence presents…
That’s because so many AI startups are choosing to open the door to everyday Americans for their fundraising efforts via equity crowdfunding.
However, with the volume of crowdfunding startups in the AI space, it can be difficult to determine which will turn into the aforementioned giants and which will fizzle out in their pursuit of success.
That’s where Angels & Entrepreneurs come in.
Better yet, he is also one of the most successful entrepreneurs and angel investors there is.
The business world is in the midst of a tectonic shift thanks to artificial intelligence.
The Research Team