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Reports indicate that IBM expects the AI market to reach approximately $1.2 trillion by 2026, with an annual growth rate of 29% from 2023 to 2026. Projections suggest that the primary applications of artificial intelligence will include the financial services, healthcare, and manufacturing sectors, with increases of up to 56%. Research also emphasizes that the market anticipates AI will contribute to improving efficiency and reducing costs, alongside a continual rise in demand for the technology across various industries. This growth is expected to foster innovation and create new job opportunities, while also highlighting the need to address challenges related to data governance and ethics.
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