Global Matters Weekly – 6 February 2023

AI: is your job safe?

by Jackson Franks — Analyst

— To see if AI has the ability to take my job, I put this to the test and asked ChatGPT to write my blog.

Artificial Intelligence, otherwise known as AI, is becoming ever more prominent in our day-to-day lives, both personally and at work. The market size of AI is gaining momentum. According to Precedence Research, the global AI market size was estimated at USD 119.78bn in 2022 and it is expected to be USD 1,597.1bn by 2030, with a forecast Compound Annual Growth Rate (CAGR) of 38.1% from 2022 to 20301. So, what’s driving this growth?

Market Snapshot

    • Global equities returned 1.3% last week
    • Most major developed indices saw positive gains last week on the back of decent US Q4 earning reports and upside surprises in economic data
    • Brent crude fell 7.8% last week to $79.9 per barrel
    • Gold fell 3.3% last week to $1864.97 per ounce