Citigroup Raises AI Market Forecast to More Than $4 Trillion
Citigroup has raised its outlook for the global AI sector, pointing to stronger-than-anticipated uptake by businesses adopting AI-driven tools for software development and automation. The bank highlighted rapid progress among companies like Anthropic, which has posted significant gains in revenue. In a research note dated April 27, the Wall Street firm projected that the worldwide AI industry could exceed $4.2 trillion in value by the end of the decade. Of that total, about $1.9 trillion is expected to come from enterprise-focused applications. This marks a notable revision from Citi’s earlier estimate, which placed the overall market above $3.5 trillion, with close to $1.2 trillion linked to corporate use. According…