THE Journal: AI software and supporting hardware systems are seeing explosive growth and will continue to do so at least through 2022, with most of it happening in the United States, according to a new artificial intelligence market analysis by IDC.
IDC reported that worldwide spending on AI is seeing 44 percent growth this year over 2018 and is expected to hit $35.8 billion by the end of 2019. That figure is expected to hit $79.2 billion in 2022. The United States will account for approximately two-thirds of total AI spending.
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