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Global Generative AI Investment Soars 800% to $25.2 Billion in 2023, China Reaches 230M Users

Dec 1, 2024, 07:35 AM

Global investment in generative artificial intelligence (AI) reached $25.2 billion in 2023, marking an 800% increase compared to the previous year, according to Stanford University's AI Index Report 2024. The adoption of generative AI has been particularly significant in China, where the user base for such products reached 230 million by June 2024. These developments underscore the rapid growth and widespread adoption of AI technologies across industries worldwide.