Developments
Artificial Intelligence (AI) is a field of computer science that focuses on creating machines that can perform tasks that would typically require human intelligence. The history of AI dates back to the 1950s when the field was founded as an academic discipline . Since then, AI has gone through multiple cycles of optimism followed by disappointment and loss of funding . However, after 2012, when deep learning surpassed all previous AI techniques, there was a vast increase in funding and interest.
AI has already impacted our lives in many ways, and it is expected to continue doing so in the future. Experts regard AI as a factor of production that has the potential to introduce new sources of growth and change the way work is done across industries . For instance, according to a PWC article, AI could potentially contribute $15.7 trillion to the global economy by 2035
The future of AI is exciting and holds great promise. It is expected to revolutionize many industries, including healthcare, finance, transportation, and more. However, there are also concerns about the impact of AI on society, such as job displacement and privacy concerns. Nevertheless, it is clear that AI will continue to play an increasingly important role in our lives in the years to come.
Artificial Intelligence (AI) has the potential to revolutionize many industries. According to a Forbes article, some of the industries that will benefit from AI in 2022 and beyond include:
Manufacturing: AI can help businesses reduce task time, increase accuracy, and handle administrative tasks .
Banking and financial services: AI can help banks and financial institutions improve customer service, detect fraud, and automate processes
Insurance: AI can help insurance companies automate claims processing, detect fraud, and improve customer service.