- “According to the OECD report on AI, ML, and Big Data in finance, global spending on AI is forecast to double for 2020-24, growing from $50 billion to more than $110 billion over four years.
- According to a 2020 JPMorgan study, over 60% of trades over $10 million were executed using algorithms. Moreover, the algorithmic trading market is expected to grow by $4 billion by 2024, bringing the total volume to $19 billion.”
https://venturebeat.com/2022/03/22/how-ai-is-changing-the-world-of-finance/amp/