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20 Fascinating Facts about AI | Why is AI important in our lives?
The capacity of technology, particularly computer systems, to mimic human thought processes is known as artificial intelligence. A few particular applications of AI include machine learning, speech recognition, natural language processing, expert systems, and vision.
Table of Contents
How does artificial intelligence work?
Artificial intelligence (AI) systems operate by consuming vast quantities of labeled training data, examining the data for correlations and patterns, and utilizing these patterns to forecast future states. In this way, an image recognition program may learn to recognize and characterize items in photographs through millions of examples, or a chatbot given text samples can learn to create realistic conversations with humans. Generative AI algorithms are developing quickly and can produce realistic text, graphics, music, and other media.
Why is AI important in our lives?
- Large Businesses Will Probably Use AI in Their Plans.
- The majority of consumers believe AI will make their lives better.
- AI Voice Assistants Are Used by Nearly All Smartphone Users.
- Many People Don’t Realize They’re Using AI Platforms.
- The Voice-Search Function Is Becoming More and More Popular.
- AI Adoption Helps Businesses Increase Profits.
- Chatbots Are Currently Getting Popular.
- Leading Stores Want to Use AI in 2023 to Help with Price Optimization.
- AI Automation Is Leading the Way in Asset Maintenance.
10 Facts about AI
The Artificial Intelligence statistics that follow will provide you with a thorough picture of AI’s prospects and current state. Let’s first look at some incredible facts about AI that will astound you before delving further into the statistics.
AI Technology Pervades Gadgets
AI-capable gadgets are widely available. These days, AI technology is present in around 77% of gadgets.
Sundar Pichai’s Perspective on AI Impact
Sundar Pichai, the CEO of Google, stated that artificial intelligence (AI) will change mankind more than electricity and fire will.
AI’s Economic Impact on Global GDP
Artificial intelligence is projected to increase global GDP by 14%, or 15.7 trillion dollars, by 2030.
Venture Capital & AI Utilization
According to a Gartner estimate, over 75% of venture and seed capital investors would utilize data analytics and artificial intelligence (AI) to obtain information by 2025.
Rapid Growth of AI Companies
Since 2000, the number of AI companies has grown fourteen times faster. We also venture that the number of them is increasing annually.
AI Aides Surpass Human Population
In this scenario, AI aides will outnumber humans. Forecasts indicate that by 2024, there will be 8.4 billion digital voice assistants powered by AI, more than there are humans on the earth.
Global Expansion of the AI Market
The AI market is expanding globally. By 2025, it will have grown to 190.61 billion dollars at a compound annual growth rate of 36.62%.
AI Aides Outnumbering Humans
In this scenario, AI aides will outnumber humans. Forecasts indicate that by 2024, there will be 8.4 billion digital voice assistants powered by AI, more than there are humans on the earth.
China’s Dominance in AI Research
China emerged as the world leader in artificial intelligence research in 2021, both in terms of market applications and technological advancement.
Concerns of Prominent Innovators on AI
Prominent innovators and scientists including Elon Musk, Bill Gates, and Stephen Hawking think AI poses a serious threat to mankind.
8 Interesting Facts about AI
| DeepMind, an AI owned by Google, can compete with the top and defeat the majority of StarCraft 2 players. |
| A Bespoken analysis found that Google’s AI significantly outperformed Alexa and Siri. |
| AI is used by banks for risk management and revenue production. |
| Carl Djerassi wrote one of the first AI algorithms in 1965. DENDRAL was the name of the machine that autonomously identified unidentified drug forms. |
| The first AI robot was created in 1996 and was named Deep Blue. On February 10, 1996, a chess-playing computer defeated a world champion in its debut match. |
| Within the next ten years, AI is predicted by experts to displace over sixteen percent of present occupations. Nevertheless, there will be new career prospects in this period. |
| Since 2020, certain robots have been able to identify when they are “in pain,” or injured, alerting them to the need for maintenance. These are also self-repairing robots. |
| A firm named Outrider creates totally automated yard tasks that are monotonous and occasionally even dangerous for people by utilizing electric yard vehicles with artificial intelligence. |
| In 2020, 13 AI startups were acquired by the “Big Tech” corporations, which include Amazon, Google, Facebook, Apple, and Microsoft. This is due to the industry’s current perception of AI companies as a “prime acquisition target.” |
5 Fun facts about AI
| Historical Inspiring | The idea of manufactured life dates back to prehistoric societies. Greek mythology had automatons, while Chinese folklore featured mechanical men. |
| Learning Video Games | A few AIs have been trained to play and excel at video games. For example, the bot developed by OpenAI was taught to play the well-known online game Dota 2, and it faced off against skilled human players. |
| Autonomous Vehicles | Self-driving automobiles are one of the most anticipated uses of artificial intelligence. Businesses that are significantly investing in this technology include Uber, Tesla, and Google’s Waymo. They see a time when vehicles will be able to drive themselves. |
| Hollywood’s use of AI | AI ideas are the basis for many of our greatest films, like Blade Runner, I Robot, and Ex Machina. It’s interesting to note that AI is also utilized in film behind the scenes for things like script recommendations and CGI rendering. |
| AI Dreams | AI’s neural network subtype can “dream.” These networks can produce bizarre and frequently hallucinogenic pictures using a procedure known as Deep Dream. |
Conclusion
Artificial Intelligence is a wide and vibrant field. We must accept this technology going fast, recognize its advantages and disadvantages, and make use of it to advance our lives. The path ahead of AI is expected to be thrilling for everyone, be they a computer enthusiast, an experienced marketer with eighteen years of expertise, or just an inquisitive mind.
Frequently Asked Questions (FAQs)
What is an interesting fact about AI?
The creative power of AI is one startling reality, as evidenced by the creation of textual, musical, and artistic works.
What are AI facts for kids?
Artificial intelligence, or “AI,” is the ability of a computer to reason and learn to perform tasks that are typically performed by people. On the other hand, AI can process enormous amounts of data in a way that humans cannot. Like people, AI is meant to be able to see patterns and draw logical conclusions.
Who invented AI?
Professionals utilize the Turing Test, created by Alan Turing after he published “Computer Machinery and Intelligence,” to evaluate computer intelligence. The term “artificial intelligence” was coined and gained popularity.
Can AI replace humans?
AI is developing so quickly that these restrictions may eventually vanish. But technology will never be able to completely replace humans. Though human intelligence is still required for success, artificial intelligence has the potential to radically revolutionize business.
What makes AI so unique?
AI is now able to achieve astounding accuracy thanks to deep neural networks. For example, deep learning serves as the basis for all of your conversations with Alexa and Google. Moreover, these tools get increasingly accurate the more you use them.
Who is the father of AI?
One may argue that McCarthy is the father of artificial intelligence. Computer scientist John McCarthy was from the United States. He is credited with coining the phrase “artificial intelligence”.
Is AI good or bad?
The benefits include, but are not limited to, simplifying, time savings, bias elimination, and work automation. The drawbacks include things like expensive implementation, the possibility of eliminating jobs for people, and a lack of feeling and originality.
Related Content:
- 40 Interesting Facts about Technology
- Images Used are from Canva and Unsplash
