Annual global corporate investment in artificial intelligence, by type

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What you should know about this indicator

  • Reporting a time series of AI investments in nominal prices (i.e., without adjusting for inflation) means it makes little sense to compare observations across time; it is therefore not very useful. To make comparisons across time possible, one has to take into account that prices change (e.g., there is inflation).
  • It is not obvious how to adjust this time series for inflation, and we debated it at some length within our team.
  • It would be straightforward to adjust the time series for price changes if we knew the prices of the specific goods and services that these investments purchased. This would make it possible to calculate a volume measure of AI investments, and it would tell us how much these investments bought. But such a metric is not available. While a comprehensive price index is not available, we know that the cost for some crucial AI technology has fallen rapidly in price.
  • In the absence of a comprehensive price index that captures the price of AI-specific goods and services, one has to rely on one of the available metrics for the price of a bundle of goods and services. In the end we decided to use the US Consumer Price Index (CPI).
  • The US CPI does not provide us with a volume measure of AI goods and services, but it does capture the opportunity costs of these investments. The inflation adjustment of this time series of AI investments therefore lets us understand the size of these investments relative to whatever else these sums of money could have purchased.

Data from NetBase Quid via AI Index (2023) on global corporate investment in AI from 2013 to 2022. Corporate investment includes mergers and acquisitions, minority stakes, private investment, and public offerings.

The AI Index is an independent initiative at the Stanford University Institute for Human-Centered Artificial Intelligence. The mission of the AI Index is “to provide unbiased, rigorously vetted, and globally sourced data for policymakers, researchers, executives, journalists, and the general public to develop intuitions about the complex field of AI.” Their flagship output is the annual AI Index Report, which has been published since 2017.

NetBase Quid (2022) via AI Index (2023) – processed by Our World in Data
Last updated
June 14, 2023
Date range
US dollars

Sources and processing

This data is based on the following sources

NetBase Quid (2022) via AI Index (2023)

Data published by

NetBase Quid (2022) via the AI Index 2023 Annual Report, AI Index Steering Committee, Institute for Human-Centered AI, Stanford University, Stanford, CA, April 2023

Retrieved on
June 19, 2023

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“Data Page: Annual global corporate investment in artificial intelligence, by type”, part of the following publication: Charlie Giattino, Edouard Mathieu, Veronika Samborska and Max Roser (2023) - “Artificial Intelligence”. Data adapted from NetBase Quid (2022) via AI Index (2023). Retrieved from [online resource]
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NetBase Quid (2022) via AI Index (2023) – processed by Our World in Data

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NetBase Quid (2022) via AI Index (2023) – processed by Our World in Data. “Annual global corporate investment in artificial intelligence, by type” [dataset]. NetBase Quid (2022) via AI Index (2023) [original data]. Retrieved June 22, 2024 from