Over the course of the last decade, corporate interest in AI investments has exploded, with Reuters reporting that global corporate investment into AI had reached over $1 trillion USD between 2021-2024.
Much of this corporate enthusiasm was caused by the success of various high-profile AI chatbots, most notably Open AI’s ChatGPT. Just two months after its launch in November 2022, the chatbot had reached 100 million users, which made it the fastest-growing consumer application in history.