IDC: China's total investment in artificial intelligence is expected to exceed US$100 billion by 2028, with a five-year compound growth rate of 35.2%
According to data released by IDC, the total global investment in artificial intelligence (AI) IT will be US$315.8 billion in 2024, and is expected to increase to US$815.9 billion in 2028, with a five-year compound annual growth rate (CAGR) of 32.9%. IDC predicts that the five-year compound annual growth rate of the global generative AI market may reach 63.8%, and the global generative AI market size will reach US$284.2 billion by 2028, accounting for 35% of the total investment in the AI market. IDC predicts that by 2028, China's total investment in artificial intelligence will exceed US$100 billion, with a five-year compound annual growth rate of 35.2%.