Shocking AI Statistics in 2023

PLUS: Nearly $12 Billion in Funding for AI

Hey there 👋 - Harsh here!

Happy Friday to all the Tech Enthusiasts reading today :)

Welcome to the latest edition of "Tech that Matters" your weekly dose of curated insights on AI, ChatGPT Prompts, and Productivity to ensure you and your business run at maximum speed and efficiency.

In Today's Tech That Matters:

🔥 8 Trending AI Tools

🤖 13 Shocking AI statistics

📺 AI News Today

🐦 2 Tweets you cannot miss

Spotlight Space 🧨

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8 Trending AI Tools 🔥

  1. 🕒 Powder Converts your live streams into social media clips for other short-form platforms like TikTok.

  2. 🧠 MindStudio builds and embeds custom AI tools on your website without coding.

  3. 💬 Context SDK Brings real-time user context to improve engagement in your marketing campaigns.

  4. 📄 Chatmind: Create and adjust maps and flow charts using chat-driven mind mapping and brainstorming with AI.

  5. ✍️ MagicPost Creates standout LinkedIn posts for you with AI that will save you time in the process.

  6. 🧠 Taskade Combines 5 AI tools in one to increase productivity and peace of mind.

  7. 🏠 Looka Designs Logos and brands in seconds so you don’t have to pay a designer.

  8. 👀 AutoMata Repurposes your video and writing content to use on different platforms.

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13 Shocking AI Statistics and Thoughts in 2023 🤖

  1. Chat GPT reached 100 million users faster than any other app. By February 2023, the website saw an average of 25 million daily visitors. How can this rise in AI usage benefit your business’s function?

  2. 45% of executives say the popularity of ChatGPT has led them to increase investment in AI. If executives are investing in AI personally, then how will their beliefs affect corporate investment in AI to drive automation further? Also, how will this affect the amount of workers hired to manage AI systems within companies?

  3. eMarketer predicts that in 2024 at least 20% of Americans will use ChatGPT monthly and that a fifth of them are 25-34 year olds in the workforce. Does this mean that there are more young workers using AI?

  4. eMarketer also predicts that more than half of all Americans aged 12 to 44 will use generative AI by 2025. If that many people in a young audience are going to be using Generative AI, think about how AI will be used in the future to teach school.

  5. The global AI market size is expected to be worth $407 billion by 2027. That’s a compound annual growth rate of 36.2% from 2022. If the AI market is growing by 36.2% annually for 5 years, considering who’s investing in it might be a great way to further develop your AI marketing campaigns and choose the software you use.

  6. 52% say they are concerned about having AI used to help target advertising to consumers. If some people are concerned about AI targeting, would that be because AI is better or worse at targeting consumers?

  7. More than 100 million people in the U.S. are said to be using generative AI by 2024. By 2025, that number is expected to reach 116.9 million. That’s about a third of the US population for scale.

  8. 49% of CEOs say that AI can replace their jobs and is actually a preferable way to develop a company. If CEO's jobs can be done by AI and they think AI is a preferable way to scale, what does the future of big corporations' corporate ladder look like?

  9. GPT-3 was originally trained with 45 terabytes of data and employed an original 175 billion parameters or coefficients to make its predictions. Think about how much data and research that can bring to your business.

  10. 28% of U.S. adults said their employer is using ChatGPT or similar chat-based tools within their business. 19% said their employer is using AI image generators, 30% said their employer is using AI for data analysis, 21% said the employer is using AI tools for video generation, and 17% said their employer is using AI for HR and recruiting. Would it be optimal to use an AI-generated resume if AI is the one analyzing it?

  11. 49% of employers expect AI to have a positive impact on job growth. By contrast, only 23% expect the impact of AI to be negative on jobs in the US. On the other hand, only 38% of U.S. adults think AI will improve corporate job opportunities, while 42% think AI will reduce these opportunities. For blue-collar jobs, 37% think AI will improve opportunities and 46% think they will take away opportunities. How will AI’s use in business lead to increased or decreased jobs?

  12. 66% of global adults say AI products and services will become a part of their lives in the next 3-5 years. Is this good for the consumer economy?

  13. 34% of companies currently use AI, and an additional 42% are exploring how they can use AI in their business. 1 in 4 companies are also integrating AI because of physical labor and skill shortages. Is this a sign that AI is actually the better alternative to scaling?

AI News Today 📺

💼 AI company funding in the last 3 months has totaled over 11.7 Billion dollars. Goes to show that AI really is on the rise and priority list as far as funding goes.

💵 Google Invests $500 million in Anthropic with plans to add $1.5 billion later to fight an AI proxy war.

📄 Is AI really taking your content word for word? Scary truth about how AI taking content and repurposing it for answers to prompts without your knowledge.

2 Tweets you cannot miss 🐦

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