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Factoid of the Day Monday, March 18, 2019
International Data Corporation's (IDC) Worldwide Semiannual Artificial Intelligence Systems Spending Guide reported that global spending on artificial intelligence (AI) systems is expected to reach $79.2 billion in 2022, according to its own release. Spending will total an estimated $35.8 billion in 2019. IDC notes that the U.S. will account for nearly two-thirds of all spending on AI systems in 2019, led by the retail and banking industries. From 2018-2022, spending is expected to achieve a compound annual growth rate of 38.0%.
 
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