Global AI Market Could Hit $6 Trillion Annually by 2031

A report by Bain & Company projects the global AI market could reach $6 trillion annually by 2031, driven by unlocking value and innovation. The report highlights the shift towards custom AI chips, diversification of supply chains due to geopolitical risks, and increased cybersecurity investments. Consumer and enterprise AI applications are expected to generate significant revenue, alongside new categories like autonomous systems and physical AI.