Deep Learning market to surpass $296B by 2031

A new report from Mordor Intelligence predicts the global deep learning market will grow at a 35.48% compound annual growth rate to exceed $296 billion by 2031. The growth is expected to be driven by broad AI adoption, investments in generative AI, and demand for automation in computer vision and NLP.

- The role of the Chief Technology Officer is evolving from managing IT infrastructure to a more strategic function, responsible for leveraging AI to drive business innovation and align technology with executive goals. This transition requires CTOs to champion AI adoption across the C-suite, manage new security vulnerabilities from agentic systems, and build AI literacy throughout the organization. - In programmatic advertising, deep learning is being used to enhance precision and performance in a privacy-focused landscape by analyzing ad elements, user engagement patterns, and contextual information rather than relying solely on user data. This allows for more accurate predictive bidding, lookalike modeling, and real-time creative optimization. - AI agents are shifting the enterprise software paradigm from user-driven SaaS tools to autonomous, outcome-driven systems that can orchestrate workflows across multiple applications. This evolution is expected to change SaaS pricing models, moving from seat-based licenses to usage and outcome-based pricing. - The UK government is significantly investing in its AI sector, with UK Research and Innovation (UKRI) committing a record £1.6 billion for the 2026-2030 period. This strategy aims to position the UK as a global leader in areas like agentic AI and explainable AI by funding everything from early-stage SMEs to large-scale cloud compute resources. - Venture capital investment in AI is heavily concentrated, with foundation model companies like OpenAI and Anthropic raising $80 billion in 2025, accounting for 40% of global AI funding. In 2024, AI startups attracted approximately one-third of all global venture capital. - Key restraints on the deep learning market's growth include the high cost of specialized hardware (GPUs and TPUs) and energy consumption, a shortage of specialized talent, and increasing regulatory scrutiny such as the EU AI Act. - The 2026 Formula 1 season will feature a major technical overhaul, including new power units that nearly double the electrical power output to 350kW from the MGU-K. The cars will be smaller and lighter, and will feature active aerodynamics on both front and rear wings, replacing the Drag Reduction System (DRS). - The entrance of an eleventh team, Cadillac, into Formula 1 for the 2026 season will necessitate a change in the qualifying format. An additional car will now be eliminated in both Q1 and Q2, meaning six cars will be cut in each of the first two sessions before the final 10 compete for pole position in Q3.

Get your own daily briefing

Scout delivers personalized news, insights, and conversations tailored to your role and industry.

Download on the App Store

Shared from Scout - Be the smartest in the room.