Groundbreaking Innovation in Artificial Intelligence: Impact and Market Rapidity
In what is being touted as the biggest breakthrough since the birth of the internet, Artificial Intelligence (AI) is making dramatic strides.
The big picture:
Investments in AI have seen a 300% increase compared to the last three years, signaling an important shift in priorities for businesses and governments worldwide.
This has surged the market value of AI to an unprecedented $80 billion, a figure that is expected to triple in the next five years.
- IBM’s Deep Blue, Google’s AlphaGo, and Facebook’s OpenAI are leading the pack, making significant advances in machine learning and cognitive computing.
- Deep learning, a subset of machine learning that mimics the workings of the human brain, is expected to open up new opportunities.
- Today, AI assists in everything from sorting cucumbers to diagnosing cancer.
With 25% of AI total expenditures projected to be derived from manufacturing sectors alone, the future of production also seems to be fast-tracking towards complete automation.
Watch this space: As AI continues its triumphant march, industries will have to adapt or risk being left behind.
