Worldwide Spending on AI - Prediction

Where we got the data from:

International Data Corporation (IDC) published a new forecast via their Worldwide Artificial Intelligence Spending Guide in March 2023.

IDC states:

"Global spending on artificial intelligence (AI), including software, hardware, and services for AI-centric systems*, will reach $154 billion in 2023, an increase of 26.9% over the amount spent in 2022. The ongoing incorporation of AI into a wide range of products will result in a compound annual growth rate (CAGR) of 27.0% over the 2022-2026 forecast with spending on AI-centric systems expected to surpass $300 billion in 2026."

How we display the data

The live counter counts up at the rate per minute calculated below:

It is estimated that approximately $226.17 billion was spent in 2024, and approximately $223.96 billion was spent in 2025 based on the given compound annual growth rate (CAGR) of 27.0%.

Total spending during the 5-year period: $121.27 billion + $154 billion + $226.17 billion + $223.96 billion + $300 billion = $1,025.4 billion

Average spending per annum: Total spending / Number of years = $1,025.4 billion / 5 years ≈ $205.08 billion

Spending per minute = $205.08 billion / 525,600 minutes

Spending per minute ≈ $390,580.52

Change log

We added this source on May 31, 2023

Considerations

Please note that our dashboard displays findings, predictions and data from different sources, which may at times overlap and contradict each other. Each visualized data set is therefore intended to be viewed in isolation. When citing the data in your work, you may link to our website but you must attribute the data to its original source, outlined in the box below.