The global automotive industry experienced a 5% drop in company filings mentions of artificial intelligence in Q2 2023 compared with the previous quarter, with the highest share accounted for by Tata Motors with 330% year-on-year increase, according to GlobalData’s analysis of over 127 automotive company filings. The growing application of Artificial Intelligence will prove to have a transformative impact across multiple sectors. GlobalData’s Artificial Intelligence (AI) Market Size, Share, Trends, Analysis and Forecast report helps keep abreast of the latest trends in Artificial Intelligence, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, artificial intelligence was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of edge computing and 3d printing, according to GlobalData.
Of the top leading companies in the automotive industry, Tata Motors had the greatest increase in references for artificial intelligence in Q2 2023, compared with the previous quarter. GlobalData identified 43 artificial intelligence-related sentences in the company's filings - 0.3% of all sentences - and an increase of 330% in Q2 2023 compared with Q2 2022. Didi Global’s mentions of artificial intelligence rose by 5% to 21 and Tesla’s by 50% to 12 and CarMax’s by 57% to 11 and D'Ieteren’s by 900% to 10.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for artificial intelligence in Q2 2023 was 100.
To further understand GlobalData's analysis on Artificial Intelligence (AI) Market Size, Share, Trends, Analysis and Forecast by Product/Service (Specialized AI Applications, AI Hardware, AI Platforms, AI Consulting and Support Services), Enterprise Size Band, Vertical and Region, 2021-2026, buy the report here.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
