The digital revolution has managed to alter the way people live, work, and interact. These technologies are generating novel hurdles for citizens and governments across the globe. Election interference to data security breaches and cyber-attacks shown that technology is fluctuating our thought process regarding privacy and national protection. According to the projections published by Fortune Business Insights™, the global market for artificial intelligence stood at USD 35.92 billion in 2020 and is projected to grow from USD 47.47 billion in 2021 to USD 360.36 billion by 2028 at a CAGR of 33.6% during the forecast period.
Artificial Intelligence (AI) can be found in day-to-day errands, without which performing tasks could be inconvenient. From voice assistants in mobile phones to autonomous vehicles, this technology is evolving promptly. Whereas, science fiction frequently showcases AI as robots with man-like features, this can cover everything from Watson to autonomous weapons by IBM to Google’s SEO algorithms.
Role of Artificial Intelligence Turns More Prominent during COVID-19-Related Interruptions
Shortly after COVID-19 caused chaos throughout the globe, the World Health Organization highlighted that AI could be a grave technology to administer the unparalleled disaster. During extensive disturbances formed by the pandemic, numerous AI-enabled developments on the basis of machine learning, data science, and Big Data were employed to comprehend, administer, and estimate diverse situations. The role of AI in healthcare has become more noticeable during the pandemic to anticipate preliminary COVID-19 indications and control the spread of coronavirus infections. It is also deployed to trail and screen patients and forecast forthcoming infections by leveraging algorithms that process data to classify perceptive patterns.
Ways Artificial Intelligence Can be Hazardous
Most researchers settle on the fact that super-intelligent AI is questionable to display various human emotions such as affection or hatred and that there is no cause to presume AI to become deliberately compassionate or unkind. As an alternative, when bearing in mind how AI is possible to become a matter of threat, subject professionals seem to think two most possible scenarios:
AI is preset to perform in a devastating way. Autonomous weapons are artificial intelligence systems, which are planned to destroy. These weapons possess the ability to easily trigger mass execution if they fall in the wrong hands.
AI is programmed to perform beneficial tasks, but it creates a damaging technique for accomplishing its objective. This can happen if ever humans fail to completely line up the AI’s motives with ours, which is outstandingly challenging.
Google LLC, Apple Inc., Microsoft Corporation, Amazon, Inc., Meta Platforms, Inc., IBM Corporation, Qualcomm Technologies, Inc., Salesforce.com Inc., NVIDIA Corporation, and OpenAI, LLC are the top 10 pioneers in their respective fields.
Digital life is amplifying human competencies and interrupting eons-old human activities. Code-driven systems have spread to over half of the world’s populations in ambient information and connectivity, offering formerly unthinkable prospects and unparalleled jeopardies. As developing algorithm-driven artificial intelligence endures to grow, will people be better off than they are today?
Future of Artificial Intelligence: Evolution of AI in the Coming Years
AI has developed substantially since its arrival and remains to develop more powerfully. Developing deployment in robotics, factory automation, autonomous vehicles, and smart healthcare offers massive prospects to advance and deploy novel technologies empowered by AI. As more companies are consciously acknowledging the prominence of AI, the number of developers and service providers of this technology has begun to rise steeply. Over the last decade, numerous start-ups have risen globally, consequently escalating competition in the market. With promptly developing AI novelties, the industry is anticipated to commence a prompt growth and technology revolution over the next few years.