The global artificial intelligence (AI) market — an industry that has been blessed with serious hype (and rightly so: such unexpected growth and innovative solutions put forth sure make investors see opportunities) — is a sector on the rapid rise.

In 2023, the industry grew to its current value of US$196.63 billion; by 2030 that figure is predicted to have ballooned massively. According to Grand View Research, the primary source of statistics and figures for this article,...