Investing In Artificial Intelligence
Artificial intelligence (AI), a non-mainstream concept up until 2021, is now the talk of the town. From the idea of basic automated tasks to extensive news coverage, AI is everywhere.
AI has generated a phenomenal amount of interest over a short period of time. Google Trends data suggests the term “artificial intelligence” reached its peak popularity (100) between April 30 and May 6, 2023. On that same scale of 100, interest in AI currently stands at 78. This interest, coupled with AI’s tremendous utility, has helped it garner massive investment, over recent years. Worldwide private investment in AI shot up from $48 billion in 2020 to more than $90 billion in 2021 and in 2022. Goldman Sachs research indicates there’s potential to cross $110 billion in 2023.
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