June 17, 2025

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Google Client Mission Group, AI Market to $143.1 Billion

AI is rapidly expanding across various sectors, driving significant market growth and prompting both opportunities and concerns. A recent study forecasts the global AI systems market to surge from $143.1 billion in 2024 to a staggering $1.6 trillion by 2031, fueled by adoption in healthcare, finance, and retail. Canada's healthcare AI market alone is projected to reach $3.3 billion by 2033, up from $163.80 million in 2024. This growth is spurred by AI applications in diagnostics and personalized medicine, though data privacy and talent shortages pose challenges. The broader healthcare analytics market is anticipated to hit $540 billion by 2035, benefiting companies like CVS Health. However, this rapid advancement also raises concerns about AI safety and bias. The US Center for AI Standards and Innovation (CAISI) is shifting its focus to national security, potentially sidelining issues affecting vulnerable groups. In response, the Center for Civil Rights and Technology has introduced an AI development framework emphasizing civil rights and human-first design. AKYLADE has also launched an AI Security Practitioner certification to address AI security risks. AI's transformative impact is evident in diverse fields. In sports, AI enhances hockey through data analytics and virtual reality training. In criminal justice, a Texas task force led by former Justice Nathan Hecht is developing ethical AI guidelines. Mission Group PLC, whose clients include Google, is making strides in its AI strategy. Rakuten is expanding its AI Site Manager beyond telecom, while AT&T utilizes it for fiber deployments. Efforts are also underway to secure AI from foreign threats, as highlighted by a new House bill directing the NSA to create an "AI Security Playbook." The Air Force is integrating AI to modernize its B-52 bomber fleet and improve nuclear command and control. Cisco is leveraging AI to enhance customer experience by preventing issues and personalizing interactions.

Key Takeaways

  • The global AI systems market is projected to grow from $143.1 billion in 2024 to $1.6 trillion by 2031.
  • Canada's healthcare AI market is expected to reach $3.3 billion by 2033, driven by advancements in diagnostics and personalized medicine.
  • The healthcare analytics market is projected to reach $540 billion by 2035, benefiting companies like CVS Health.
  • The US Center for AI Standards and Innovation (CAISI) is shifting its focus to national security, raising concerns about AI safety and bias.
  • The Center for Civil Rights and Technology has introduced an AI development framework focused on civil rights and human-first design.
  • AKYLADE has launched an AI Security Practitioner certification to manage AI security risks.
  • AI is transforming hockey through data analytics, virtual reality training, and wearable technology.
  • A Texas task force, led by former Justice Nathan Hecht, is developing ethical AI guidelines for the criminal justice system.
  • Mission Group PLC, with clients like Google, reports progress in its AI strategy.
  • A new House bill aims to protect AI from foreign threats by directing the NSA to create an "AI Security Playbook."

AI spending to hit $1.6 trillion by 2031 says report

A new study predicts the global artificial intelligence systems market will grow from $143.1 billion in 2024 to $1,600.4 billion by 2031. This big increase is because more industries like healthcare, finance, and retail are using AI. Companies are investing in AI for things like data analysis and automation. North America currently leads in AI spending due to strong tech companies and government support.

Canada's healthcare AI market to reach $3.3 billion by 2033

The artificial intelligence market in Canada's healthcare sector is expected to reach $3,321.44 million by 2033, up from $163.80 million in 2024. This growth is due to more AI use in diagnosis, personalized medicine, and better healthcare processes. Government investments and the use of wearable technology are also helping the market grow. However, data privacy concerns and talent shortages could slow down progress.

Medical stocks poised to profit from AI healthcare boom

The medical services industry is changing because of new technology and a focus on value-based care. The healthcare analytics market is expected to grow a lot, reaching $540 billion by 2035. Companies like CVS Health, BrightSpring Health Services, Inc, and GeneDx Holdings Corp are set to gain from these changes. However, there is a shortage of healthcare staff, which is increasing labor costs.

AI standards shift raises concerns for vulnerable groups

The US Center for AI Standards and Innovation (CAISI) is now focused on national security and American competitiveness. This shift means less focus on AI safety and issues like bias and discrimination. CAISI will be the main contact for the tech industry and aims to ensure US dominance in AI standards. Some worry this change will leave vulnerable groups unprotected from AI harms.

Civil rights group releases AI development framework

The Center for Civil Rights and Technology has created a new framework for developing AI with civil rights in mind. This framework helps companies design AI systems that protect marginalized groups. It covers each step of the AI development process and includes resources and case studies. The framework focuses on civil rights, human-first design, sustainability, and using AI as a tool, not the only answer.

AKYLADE launches AI Security Practitioner certification

AKYLADE has launched a new AI Security Practitioner certification (A/AISP). This certification is for AI and machine learning security engineers, ethics officers, and others. It helps professionals learn how to manage AI security risks. The certification tests real-world use of AI security rules and shows readiness to lead AI risk management.

AI transforms hockey with data and virtual reality

Artificial intelligence is changing hockey through data, sensors, and algorithms. Teams are using AI to analyze data, predict strategies, and improve training. Players can use virtual reality to practice skills. Wearable technology helps monitor players' health and prevent injuries. AI is also making the fan experience more interactive and personalized.

Former Texas justice to lead AI task force

A former Texas Supreme Court Chief Justice, Nathan Hecht, will lead a task force on AI in the criminal justice system. The task force will create rules for using AI safely and ethically. The group includes AI experts, law enforcement, and community leaders. They will also publish research for policymakers and the public.

Mission Group sees AI progress and strong client retention

Mission Group PLC reports that its trading is going as expected and it is making good progress with its AI strategy. The company has finished restructuring to be more flexible. They have kept clients and gained new ones, including Google and TikTok International.

Rakuten expands AI site manager beyond telecom

Rakuten has released a new AI-enhanced version of its Site Management tool. This tool helps with site audits, design, and feasibility analysis. Rakuten says the tool can now be used for more than just telecom projects. AT&T is already using the tool for its fiber deployments.

House bill aims to secure AI from foreign threats

A new House bill wants to create a security plan to protect AI from foreign threats like spying and cyberattacks. The bill would direct the National Security Agency’s AI Security Center to make an “AI Security Playbook”. This playbook would give national security agencies information about weaknesses in AI data centers and among AI developers. It would also outline cybersecurity plans to find and stop threats.

Air Force updates on bombers, ICBMs, and AI use

General Bussiere, head of Air Force Global Strike Command, shared updates on bomber modernization and nuclear command. He said the US must deter multiple nuclear-armed nations. The B-52 bomber is getting new engines and radar and will be called the B-52J. AI is also being used to improve nuclear command and control.

Cisco uses AI to solve customer experience problems

Cisco is using AI to solve customer experience problems by focusing on consistency and continual improvement. They are addressing issues like configuration errors and manual tasks. Cisco has seen a decrease in support cases and has reduced the time spent on data gathering. Their AI strategy focuses on preventing problems, simplifying interfaces, and personalizing customer journeys.

Sources

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