Reasoning
As of 2023, approximately 17% of U.S. consumers reported using AI assistants for information instead of traditional search engines, as per a recent survey conducted by a market research firm. The trend towards AI adoption is supported by increasing investments in AI technology, projected to reach $500 billion by 2025. However, the entrenched market position of search engines and consumer habits may slow this transition.Key uncertainty
The rate of AI literacy and accessibility among consumers, as well as regulatory developments concerning data privacy and AI use, could significantly alter adoption rates by 2028.