# Where is the AI industry heading?

**The AI industry is on the cusp of a major breakthrough.** With recent advances in deep learning, AI is now capable of tasks that were once thought impossible, such as driving cars, writing poetry, and even composing music. The potential applications of AI are endless. AI can be used to improve healthcare, education, transportation, and many other industries. As AI continues to develop, it is likely to have a profound impact on our lives.

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**The graph, sourced from Statista, shows the projected growth of the Artificial Intelligence market size. While it was $108.42 billion in 2020, it is forecasted to surpass $740 billion in 2030.**&#x20;

Some research firms including Grand View Research and Markets and Markets have estimated the AI market size to be more than $1.8 trillion as well.

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This number highlights the amount of money invested in AI technology and the revenue Artificial Intelligence companies plan to earn. The demand for AI professionals has already started growing and will surge in the coming years.
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