Remember when everyone said the internet would change everything? They were right, just a decade too early. Now, generative AI is having its moment, except this time the predictions might actually be conservative.
The Numbers That'll Make Your Coffee Go Cold
The generative AI market hit $36 billion in 2024. By the end of this year? We're looking at $66 billion. But here's where it gets wild: analysts project the market will balloon to $1 trillion by 2032. That's a 44% compound annual growth rate for the next decade.
To put that in perspective, that's faster growth than smartphones, social media, or cloud computing in their early years.
And it's not just PowerPoint projections. The jobs data tells the real story: 150,000 new positions created in the past year alone. Thousands of new firms are flooding into the space. VCs are writing checks like it's 2021 again, except this time the business models actually make sense.
Where the Money's Actually Being Made
Forget the hype about AI replacing everyone's jobs. The real action is happening where AI augments human creativity and expertise. Here's where entrepreneurs are actually building profitable companies: