Economics of AI: Agriculture

Agriculture worldwide is a US $5 trillion industry. And artificial intelligence (AI) is revolutionizing this industry every step of the way -- from preparing soils and sowing seeds to getting products to the kitchen table. AI-powered technologies are increasing productivity and reducing costs significantly throughout the production and supply chain. The market value of global AI in the agricultural sector is currently estimated at $852.2 million. In the next decade alone this value is expected to grow more than 10 times, exceeding $8 billion annually.