Global AI revenues reached $383.3B in 2021, up 20.7% from the prior year, according to International Data Corporation's (IDC's) latest Worldwide Semiannual Artificial Intelligence Tracker. The market intelligence firm predicts the AI market value will reach nearly $450B in 2022, up nearly 17.4% from last year. Background: - The figures cover software, services, and hardware for AI "centric" and non-centric applications.
- AI-centric applications, in which AI is critical to the application's functioning, captured 12.9% of the market. The remainder was held by AI-non-centric applications, where AI is integral to some workflows but not a necessity.
By the numbers: - Last year, AI software made up the lion's share of the overall AI market with $340B in market value. AI applications, such as CRM and ERM software, made up nearly half of that total.
- The AI services market rose 22.4% YoY, reaching $24B in 2021. The AI IT Services category grew 21.9% YoY to $18.8B.
- At $18.8B, AI hardware made up the smallest segment of the AI market but also the fastest growing at 38.9% YoY growth.
Future projections: - The IDC predicts worldwide spending on AI-centric systems will reach $118B this year and surpass $300B in 2026.
IDC 
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The U.S. Commerce Department in October is expected to publish new rules to restrict U.S. shipments of AI chips and related equipment to China. The rules would formally codify plans already communicated in letters to KLA Corp., Lam Research Corp., Applied Materials Inc., Nvidia, and AMD. More: - The letters prohibit KLA, Lam, and Applied Materials from exporting chipmaking equipment to China's factories producing certain advanced semiconductors unless those companies gain licenses from the Commerce Department.
- The agency also intends to codify its new restrictions barring Nvidia and AMD from exporting specific AI computing chips to China unless licenses are obtained.
- The U.S. government claims the export restrictions address the risk that the tech could be used for China's military. The rules are expected to impede much of China's AI development, including R&D occurring at its state-run research institutes and high-profile universities, which rely on large amounts of processing power made possible by the U.S.-made chips to train advanced AI systems.
REUTERS
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Unlikely AI, a London-based AI startup working on a "contrarian" path to AI, has closed a $20M seed round. The secretive startup was founded by William Tunstall-Pedoe, who previously founded Evi Technologies, the creator of a voice assistant by the same name. Amazon acquired Evi in 2012, and much of its technology was used to develop and launch Alexa. More: - Since then, Tunstall-Pedoe has been an AI investor and adviser to Ada Heath and other AI firms.
- Unlikely AI is his next large venture. The startup has yet to announce much of its work, though it did previously release an app that uses an AI assistant to explain and solve cryptic crossword clues.
- The early-stage startup says it's pursuing "an ambitious and fresh approach" to AI and is working on products "that do things previously considered impossible for computers," without elaborating.
- Its backers include Amadeus Capital Partners, Octopus Ventures, and former Google CFO Patrick Pichette.
- Unlikely AI plans to use the fresh funding to grow its team and boost AI technology development. It follows a £1.1M ($1.3M) angel-only round announced in October 2020.
BLOOMBERG
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Meta says it will spin out its open-source AI research library, PyTorch, to an outside operator under the broader Linux Foundation consortium. The shift means the deep learning framework will gain more independence from Meta and offer a "broader voice to other big partners" like Amazon and Google, Axios reports. More: - Meta launched PyTorch in 2016. About 2,400 contributors have built more than 150,000 projects on the framework, which is now used by about 80% of researchers who submit to major machine-learning conferences.
- The project will now spin out from Meta's direct control and will be overseen by the independent PyTorch Foundation, a Linux Foundation subsidiary.
- It will still have its own board made up of reps from AMD, Amazon Web Services, Google Cloud, Meta, Microsoft Azure, and Nvidia.
- Meta says the code will remain the same. The company will continue investing in PyTorch and use it as its "primary framework for AI research and production applications."
- The goal is to drive more adoption of AI tools and foster an ecosystem of neutral projects that are open source around PyTorch, further democratizing AI, Meta engineering VP Aparna Ramani said.
SILICON ANGLE
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AI solutions provider Diveplane, which provides machine learning software tools for enterprises and government institutions, announced a $25M Series A led by Shield Capital. The startup is focused on explainable AI that removes the "black box" in AI systems. More: - Diveplane says its solutions are centered on the principles of "predict, explain and show," where institutions' data is leveraged to produce interpretable and auditable AI tools.
- Its core offering, called Reactor, is a cloud-based ML tool that generates AI-based decision-making models from historical data.
- It can produce synthetic datasets to hide personally-identifiable data and identify anomalies in systems as they happen, for example.
- The startup was founded in 2018 by Mike Capps, Epic Games' former president, and Chris Hazard, a Hazardous Software co-founder.
- The Series A round included participation from Calibrate Ventures, L3Harris Technologies, and Sigma Defense.
- Raleigh, North Carolina-based Diveplane said it will use the capital to invest more in its AI solutions.
TECHCRUNCH
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AI Events and Conferences: - Edge AI Summit and AI Hardware Summit: Sept. 13-14, Santa Clara, Calif.
- Deep Learning Summit: Sept. 14-15, London.
- AI & Big Data Expo — North America: Oct. 5-6, Santa Clara, Calif., and online.
- AI in Healthcare Summit: Oct. 13-14, Boston.
- IROS 2022: International Conference on Intelligent Robots and Systems: Oct. 23-27, Kyoto, Japan.
- European Conference on Computer Vision: Oct. 23-27, Tel Aviv and online.
- The AI Summit Silicon Valley: Nov. 3-4, Santa Clara, Calif.
- NeurIPS, Conference on Neural Information Processing Systems: Nov. 24-Dec. 4, New Orleans and virtual.
- AI & Big Data Expo Global: Dec. 1-2, London and online.
- The AI Summit New York: Dec. 7-8, New York City.
- World Artificial Intelligence Cannes Festival: Feb. 9-11, 2023, Cannes, France, and online.
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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