Keeping up with the news on AI and generative AI stats can be quite a challenge. ChatGPT sees usage from around 100 million people weekly. As per Salesforce, 86 percent of IT leaders anticipate a role for generative AI in their organizations soon.

These types of stats about AI can make most IT leaders feel uneasy.

However, being informed about what lies ahead could be the key to your organizations success. Why? Because gaining insights into AI trends might help you:

• Create better products
• Improve workflow
• Optimize automation
• Grow your business

Whether you're part of an IT firm or a small business owner, with limited resources we understand that it's not always feasible to dig deep into the latest generative AI trends.

In this overview, we've compiled nine stats on generative AI to spotlight the advancements made in this field over the past years.

What is Generative AI?

Generative AI is a form of intelligence that has the ability to generate stuff.

Stuff like content, discussions, stories, visuals, videos and music.

AI technologies strive to imitate the human mind and intellect in computational tasks. Such as recognizing images or processing natural language (NLP) or translating languages.

Generative AI represents the advancement of intelligence. It does so by enabling training in fields like human languages, programming languages, arts, chemistry, biology or any intricate subject matter.

By leveraging existing training data to tackle challenges. For instance mastering English vocabulary to craft a poem. Generative AI offers versatility for organizations across applications such, as chatbots, content creation and product innovation.  

9 Generative AI Stats That You Should Know About

1. 75% of Professionals expect AI to disrupt multiple industries

A study conducted by McKinsey expects AI to disrupt multiple industries. 75% of experts foresee generative AI bringing about changes in all industries. Changes in how competition unfolds within their industries. A 3 year perspective. It's intriguing to see the acknowledgment of AIs potential beyond streamlining marketing tasks. Or administrative duties. As many recognize generative AI's capacity to ignite innovative business ventures. (Source: McKinsey)

2. 70% of Generation Z utilize technology

70% of Generation Z actively engage with technology. 52% rely on it for decision making, this is supported by the Salesforce. Interestingly, the study found that 68% of individuals from Gen X or Baby Boomer generations do not utilize AI. This discrepancy may be attributed to fear towards embracing technology and integrating it into their lives. This trend offers professionals an opportunity to stay current, rather than lagging behind. (Source: TechCrunch)

3. 100 million individuals every week

Sam Altman, CEO of OpenAI reported that ChatGPT is utilized by 100 million users weekly as of the end of 2023. Earlier in the year this generative AI software witnessed a surge in popularity, among users. The primary website of OpenAI, the parent organization, attracts 1.5 million visitors on a monthly basis.

4. Business influence

According to Salesforce 86% of IT leaders anticipate that generative AI will have an impact on their organizations in the future. In the IT sector professionals have the opportunity to utilize AI for coding, resolving issues and transforming how we handle data. It is essential for individuals in this industry to embrace learning and adaptability to stay ahead of the curve.

5. 2 million developers are currently busy creating applications using OpenAIs platform

Many of the Fortune 500 firms, as per the company's data are part of this. Developing applications on OpenAI entails crafting services that utilize its features such as GPT 4 or Dell E 2 using the company's APIs. One common application is designing personalized chatbots to ChatGPT to address customer inquiries.

6. The generative AI market is growing exponentially

The generative AI market is projected to grow by $180 billion over the eight years. According to a study conducted by Brainy Insights it is projected that the revenue from AI services will reach $188 billion by the year 2032. This growth is fueled by the implementation of AI in sectors and the growing trend among companies to utilize data, for making informed decisions.

7. In fields of automation

In the field of automation AI employs 80% of women showing an impact on job roles. A study by the Kenan Institute suggests that if more than a quarter of tasks in a job can be automated it is considered at risk. The study highlights that women are particularly affected, with 58% of men facing vulnerabilities.

A survey revealed that most artists believe current copyright laws are inadequate in addressing challenges posed by AI technology. An employment platform, Book An Artist conducted a study where many interviewed artists expressed concerns about the lack of protection for their creations from misuse, by AI.

This issue has sparked action as writers and artists have filed cases against AI developers for infringing on their intellectual property rights.

8. Save five hours of work per week

Marketers believe that incorporating AI could potentially save them around five hours of work per week which equates to a month each year! The general consensus is that AI can aid in managing tasks allowing individuals to focus on the aspects of their work. Based on the Generative AI Snapshot survey conducted by Salesforce 55 percent of marketing professionals are already using AI with an extra 22 percent planning to integrate it.

9. 90% of content will potentially be AI created

By the end of the year it is possible that artificial intelligence may be responsible for generating as much as 90% of the content found on the internet. According to a report from the European Union Law Enforcement Agency it is anticipated that by 2026 a substantial portion of content estimated at around 90% could be generated artificially. This forecast poses challenges for law enforcement agencies in addressing concerns such as misinformation, propaganda, fraudulent behavior and deceptive tactics.

Conclusion

Generative AI has the potential to bring about advancements for businesses.

The downside is that it poses new risks in terms of legality, finances and reputation. Some generative AI models, like those utilized in ChatGPT, may produce content that appears credible but is inaccurate.

Also, these models may unknowingly incorporate copyrighted information during their training process.

Reproduce it later on presenting distinct privacy and intellectual property law complications.

Recommended reading:

AI Writing Statistics, Trends & Adoption for 2024