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AI market size expected to reach $169 million in 2025

The global artificial intelligence (AI) market size is expected to reach US$169 million in 2025, from $4 million in 2016, growing at a compound annual growth rate of 55.6% from 2018 to 2025, according to Valuates Reports.

Artificial intelligence enables computers and machines to mimic the perception, learning, problem-solving, and decision-making capabilities of the human mind.

Valuates Reports says that AI is positioned at the core of the next-gen software technologies in the market. AI has several industrial applications where production plants can operate without human supervision. AI-enabled applications in the industries are expected to improve efficiency and aid saving of time.

The research group’s study shows that trends influencing the AI market are: 

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