id,name,unit,description,createdAt,updatedAt,code,coverage,timespan,datasetId,sourceId,shortUnit,display,columnOrder,originalMetadata,grapherConfigAdmin,shortName,catalogPath,dimensions,schemaVersion,processingLevel,processingLog,titlePublic,titleVariant,attributionShort,attribution,descriptionShort,descriptionFromProducer,descriptionKey,descriptionProcessing,licenses,license,grapherConfigETL,type,sort,dataChecksum,metadataChecksum
946939,Global corporate investment in AI,constant 2021 US$,,2024-07-02 19:13:37,2024-07-10 11:55:24,,,2013-2023,6604,,$,"{""unit"": ""constant 2021 US$"", ""shortUnit"": ""$"", ""numDecimalPlaces"": 0}",0,,,world,grapher/artificial_intelligence/2024-06-28/ai_corporate_investment/ai_corporate_investment#world,,2,major,,,,,,"This data is expressed in US dollars, adjusted for inflation.",,"[""A merger is a corporate strategy involving two companies joining together to form a new company. An acquisition is a corporate strategy involving one company buying another company."", ""A minority stake is an ownership interest of less than 50% of the total shares of a company."", ""Private investment in AI companies in each year that received an investment of more than $1.5 million (not adjusted for inflation)."", ""A public offering is the sale of equity shares or other financial instruments to the public in order to raise capital.""]","- Reporting a time series of AI investments in nominal prices (i.e., without adjusting for inflation) means it makes little sense to compare observations across time; it is therefore not very useful. To make comparisons across time possible, one has to take into account that prices change (e.g., there is inflation).
- It is not obvious how to adjust this time series for inflation, and we debated it at some length within our team.
- It would be straightforward to adjust the time series for price changes if we knew the prices of the specific goods and services that these investments purchased. This would make it possible to calculate a volume measure of AI investments, and it would tell us how much these investments bought. But such a metric is not available. While a comprehensive price index is not available, we know that the cost for some crucial AI technology has fallen rapidly in price.
- In the absence of a comprehensive price index that captures the price of AI-specific goods and services, one has to rely on one of the available metrics for the price of a bundle of goods and services. In the end we decided to use the US Consumer Price Index (CPI).
- The US CPI does not provide us with a volume measure of AI goods and services, but it does capture the opportunity costs of these investments. The inflation adjustment of this time series of AI investments therefore lets us understand the size of these investments relative to whatever else these sums of money could have purchased.",,,"{""note"": ""This data is expressed in constant 2021 US$. Inflation adjustment is based on the US Consumer Price Index (CPI).""}",int,[],bae455a28cd7cfd43253c6b566da9fb8,e3edaed22900be32ccf5ca344308a7a9