1、HARNESSING AI:INSIGHTS AND INNOVATION IN FINANCIAL SERVICES|OCT 2024 2024 Elevandi Ltd,All Rights Reserved.Reproduction Prohibited.HARNESSING AI:INSIGHTS AND INNOVATIONIN FINANCIAL SERVICES October 2024 Disclaimer:This document is published by Elevandi Limited as part of its FutureMatters insights p

2、latform.The findings,interpretations and conclusions expressed in Elevandi Reports are the views of the author(s)and do not necessarily represent the views of the organization,its Board,management or its stakeholders.2024 Elevandi Ltd,All Rights Reserved.Reproduction Prohibited.HARNESSING AI:INSIGHT

3、S AND INNOVATION IN FINANCIAL SERVICES|OCT 2024 2024 Elevandi Ltd,All Rights Reserved.Reproduction Prohibited.2HARNESSING AI:INSIGHTS ANDINNOVATION IN FINANCIAL SERVICESContents334571316171719Executive SummaryThe Artificial Intelligence MarketPatentsCapitalPolicyDeep Dive:Artificial Intelligence in

4、Financial ServicesCompanies in FocusConclusionContributorsReferencesHARNESSING AI:INSIGHTS AND INNOVATION IN FINANCIAL SERVICES|OCT 2024 2024 Elevandi Ltd,All Rights Reserved.Reproduction Prohibited.Executive SummaryThe Artificial Intelligence MarketThis report comprehensively reviews Artificial Int

5、elligence(AI),particularly in financial services.As of August 2024,the global AI market was valued at approximately US$638.2 billion and projected to grow to US$3.6 trillion by 2034,i.e.,a compound annual growth rate of 19.1%.The United States leads the market with a 37%share by revenue,followed by

6、Europe and the Asia-Pacific region.AI patent activity has increased notably,with global grants up nearly 63%from 2021 to 2022.The Asia-Pacific accounted for over 75%of these patents,with China as the primary contributor.Private investments in AI declined overall in 2023,trends reveal;however,generat