Recently, American consulting firm Bain & Co announced it will expand its partnership with OpenAI, focusing on selling AI tools, including ChatGPT, to its clients. Last year, the two companies established a global services alliance aimed at helping Bain's clients better understand OpenAI's technology. Image credit: The image was generated by AI, authorized by image service provider Midjourney. Bain's headquarters is located in Boston and currently serves its global employees.

According to a latest report published by Bain & Company, the Artificial Intelligence (AI) market is experiencing explosive growth, with the market size expected to approach $1 trillion by 2027. This growth is mainly driven by increasing investments in AI technology and ongoing advancements in the technology. The report indicates that from 2022 to 2027, the compound annual growth rate (CAGR) for the AI market will be approximately 31%. Image source note: Image generated by AI, image licensed through Midjourney. So, what is driving this wave of growth?

Recently, the French startup Poolside has garnered significant attention. The company focuses on developing artificial intelligence technology aimed at assisting in software development. Despite the fact that their initial product has not yet been released, they are already discussing a new round of funding, with a valuation expected to reach 3 billion USD. Image source note: image generated by AI, image authorized by service provider Midjourney. According to informed sources, Poolside plans to raise nearly 500 million USD, with existing investor Bain Capital Ventures.