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The global artificial intelligence market size is expected to reach USD 1,811.75 billion by 2030, expanding at a CAGR of 37.3% from 2023 to 2030. AI uses algorithms to understand human speech, visually recognize objects, and process information. The advent of big data is expected to be the cause of artificial intelligence market growth, as a large volume of data is needed to be captured, stored, and analyzed. North America dominated the market and accounted for a revenue share of over 36.8% of global revenue in 2022. Recently, several developments have been carried out for enhancing artificial intelligence algorithms.