The AI/ML industry has witnessed significant advancements since its inception, primarily driven by the growth in computational power and the availability of vast datasets. Historically, the field has evolved from rule-based systems to complex algorithms capable of learning and making predictions.

The global AI market, currently valued at over $196 billion, is expanding rapidly with a projected CAGR of 38.1% between now and 2030, a potential significant increase in value over the next several years. (Grand View Research)