November 30, 2017
Annual worldwide AI revenue is projected to grow from $644 million in 2016 to $37 billion by 2025, with top use cases including algorithmic trading strategy performance improvement; static image recognition, classification, and tagging; efficient, scalable processing of patient data; predictive maintenance; content distribution on social media; and much more. Machine learning is extensively applied by financial institutions, and AI is becoming the most defining technology in banking. Furthermore, AI is expected to have a strong impact on the FinTech community.
With data being the primary force behind AI advancement, international corporations in the years ahead will be competing for the dominance in this segment. Meanwhile, the startup community will be a major beneficiary as tech giants are