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This report seeks to answer the question: “How has the AI industry evolved in recent years?”. To this end it covers the AI market, the funding trends of AI companies across the globe, those tech giants hoping to dominate this vibrant market, and the shifting importance of AI to the many industries using it. Investments, both private and public, play a huge role, as well as where they are made. Through examining these factors, it is possible to glimpse the near future of the AI market and the trajectory of this fast-evolving technology.