The world is rapidly moving towards decentralization, and Decentralized AI (DAI) is leading the way by distributing processing, storage, and data management across a global network of nodes.
As the decentralized ecosystem matures, DAI’s influence is reshaping industries like finance and healthcare, proving its transformative potential. By combining artificial intelligence with blockchain technology, DAI is set to redefine the future of innovation.
Explore the data below for a closer look at how this groundbreaking field is evolving.
Key Decentralized AI Blockchain Statistics
- By 2027, the market cap of decentralized AI is expected to reach $973.6 million.
- As of 2024, there are 164 decentralized AI companies, with 104 securing funding.
- Most decentralized AI companies are based in the USA, with around 51 startups.
- In 2024, Asia Pacific is leading the global adoption of blockchain AI.
Decentralized AI Market Size & Revenue
Experts in 2023 report that the decentralized market cap is projected to grow at a compound annual growth rate (CAGR) of 23.6% between 2020 and 2027. By 2027, this market cap is anticipated to reach $973.6 million.
In the decentralized AI sector, revenue grew from $10.1 billion in 2019 to $51.27 billion in 2022, marking an impressive 125.2% growth over three years.
The decentralized AI niche has seen explosive growth, signaling its increasing relevance and the potential for continued expansion in the coming years.
Funding Received In Decentralized AI Niche
As of 2024, there are 164 decentralized AI companies, with 104 securing funding. In the last 10 years, decentralized AI companies have raised $12.8 billion in funding.
In the first eight months 2024, these companies raised $1.27 billion across 25 equity funding rounds. This marks a substantial increase from the $484 million raised during the same period in 2023 across 9 funding rounds.
Funding for decentralized AI companies in 2024 has surged by 162.64% compared to 2023, reflecting a significant upward trend in investment.
Year | Total Funding |
---|---|
2024 | $8.78 billion |
2023 | $3.46 billion |
2022 | $153 million |
2021 | $97.5 million |
2020 | $7.01 million |
2019 | $29.6 million |
2018 | $57.9 million |
2017 | $187 million |
2016 | $9.2 million |
2015 | $100K |
This growth highlights the increasing interest and confidence in the decentralized AI industry in terms of the number of companies and the capital being invested.
Decentralized AI Company Regional Analysis
As of 2024, most decentralized AI companies are based in the United States, with approximately 51 startups. The United Kingdom ranks second, hosting 12 decentralized AI startups, followed by Singapore in third place with 9 startups.
Countries | No. Of Companies |
---|---|
United States | 51 |
United Kingdom | 12 |
Singapore | 9 |
Canada | 8 |
China | 7 |
Germany | 6 |
United Arab Emirates | 6 |
India | 5 |
Netherlands | 4 |
France | 2 |
Decentralized AI Investors
As of 2024, 35 investors have entered the decentralized AI niche, reflecting its growing appeal.
Renowned companies such as Andreessen Horowitz (a16z), Microsoft, Google Ventures, Lightspeed Venture Partners, and Amazon lead the charge in this space.
The involvement of major tech giants and venture capital firms signals strong confidence in the potential of decentralized AI, indicating that this sector is poised for significant innovation and growth in the coming years.
Blockchain AI Market Share By Region
Reports depict that Asia Pacific is leading the global adoption of blockchain AI, showcasing its strong focus on technological advancements.
It’s the fastest-growing market for blockchain AI, accounting for 52% of the total market.
Europe follows with a 22% market share, while North America holds 19%.
Blockchain AI Adoption Statistics
According to 2023 reports, machine learning leads blockchain AI adoption in the technology sector with a market share of 36.1%.
Cloud-based solutions account for 20.6% of the blockchain AI market in the deployment industry.
For applications, supply chain management holds the largest share at 44.9%. Among industries, Banking, Financial Services, and Insurance (BFSI) dominate blockchain AI adoption with a market share of 67.5%.
Decentralized AI Companies
1.SingularityNET | Founded by Dr. Ben Goertzel, SingularityNET aims to create a decentralized, open-access AI ecosystem. It’s a decentralized platform that enables users to create, share, and monetize AI technologies at scale. |
2. Fetch.ai | This one is a decentralized machine learning platform built on blockchain technology. It allows autonomous agents to handle transactions independently and make decisions without human input. By combining smart contracts with advanced machine learning, Fetch.ai is working towards building a decentralized digital economy where different agents can interact, trade, and make decisions automatically. |
3. Rejuve.AI | Rejuve.AI runs a decentralized platform where users can share their health data and participate in longevity research. This data helps train AI models that offer personalized health insights and tailored recommendations, empowering members to actively contribute to and benefit from advancements in health tech. |
4. Gensyn | Gensyn enables developers to train AI models across a wide range of hardware, from personal gaming PCs to small data centers, making high-performance AI more accessible and scalable. |
5. Numerai | Numerai sends encrypted financial data to data scientists worldwide using AI, blockchain, and crowd-sourced models. These data scientists then apply machine learning to create predictive models for stock market trading, making the whole process more efficient and innovative. |