AI global market may touch $990 bn by 2027 with 40-55% AGR: Report

The global market for artificial intelligence (AI)-related products and services is expected to grow at an annual rate of 40-55 per cent, and can reach up to $990 billion by 2027, a report has said.

Bain & Company’s 5th annual Global Technology Report said AI workloads could grow about 25-35 per cent per year through 2027.