Artificial intelligence (AI) has been the subject of a lot of media attention over the past few years. Information on artificial intelligence (AI) and facts about AI are a bit misleading.
This is probably to be expected considering the speed at which it develops. It sounds crazy that machines can learn from unsupervised data.
This article will discuss amazing and mind-bending facts about artificial intelligence and machine learning, as well as numbers and figures from surveys and reports. It also includes information on the future potential of AI.
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Facts about AI
75 Interesting Facts about Artificial Intelligence
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- Sundar Pichai, Google CEO, claimed that artificial intelligence (AI), will be more transformative than electricity for humanity.
- McKinsey’s survey found that 1,151 respondents said their company had adopted AI in at most one function.
- PWC reported that AI-enabled activities could lead to a 14 percent increase in global GDP by 2030. This is equivalent to $15.7 TrILLION!
- International Data Corporation (IDC) estimates that European spending on AI will exceed $12 billion by 2021. It also predicts a double-digit increase in growth through 2024.
- Companies that have used AI in at least one function plan to invest more to combat the pandemic. This will help them to stand out from their competition. McKinsey
- Private AI investment rose 9.3% in 2020, despite COVID-19. This is 3.6% more than the 2018-2019 development. AI Index
- 84% of companies believe that investing in AI will increase their competitive advantage.
- Successful companies use AI extensively, such as Tesla.
- The global revenues from AI-based enterprise applications are expected to rise from $1.62B in 2018 and $31.2B by 2025.
- According to PWC AI’s Predictions 2021 only 28% have made AI and machine learning a priority in information extraction.
- The AI Index reports that since 2000, the annual venture capital investment in US startups using AI systems has increased by sixfold!
- Venture funding for AI reached a staggering $61 billion between 2010 and 2020. This investment was dominated by companies located in China and the USA.
- Research shows that China will be the world’s leader in AI development and applications in 2021.
- Gartner reports that 75% more venture capital and seed capital investors will be using AI and data analytics by 2025 to collect information.
- A supercomputer identified 77 chemicals that could stop the coronavirus spreading. This could be useful for doctors to help them develop effective treatment plans and mitigate infection.
- AI holds great promise for the future in medicine
- Alphabet’s Google and Nvidia are two of the most innovative AI companies worldwide.
- There are still no standards and agreements in the AI field.
- Machine learning will become more automated.
- China’s government offers financial incentives to private companies that work in AI development.
- Microsoft and other collaborators will host the third online workshop on video analytics, intelligent edges at the beginning of 2022.
- Only 9% of companies will report using AI tools in 2020.
- Bespoken’s study found that Google’s AI outperformed Siri and Alexa in terms of accuracy.
Google continues to crush it
- Elon Musk predicted in 2020 that AI would surpass humans and become more intelligent than the human species by 2025.
- AI-enabled voice assistants won’t be available by default for women.
- Chinese scientists created AlphaDog, a robot dog that can help with delivery and bussing to restaurants.
- A total of 33% of just over 1000 companies will implement AI in 2021. PWC
- Google’s AI DeepMind, owned by Google, can defeat most Starcraft 2 players. It also competes with the best.
- Top technologists and scientists like Bill Gates, Stephen Hawking and Elon Musk believe AI poses a serious threat to humanity.
- Google’s AI can design chips faster than human designers, thanks to its ability to use AI.
- Artificial intelligence can increase productivity by 40%, which allows people to use their time more efficiently.
- According to the AI Index, the top universities around the world have seen an increase in AI-related education in recent years.
- AI education has increased
- Since 2000, the number of AI startups has increased 14 times.
- The number of AI-related courses at Stanford has increased from 25 in 2010 to 77 in 2020.
- Europe is not the origin of any of the 10 largest internet companies. These are the ten largest internet companies:
- China is the biggest market for industrial robots, with 140,492 units installed by 2019.
- China, the USA, Japan, UK and India are the top five countries to find AI jobs.
- Harish Natarajan, a top-ranked human debator, defeated the IBM AI machine Debater in 2019.
Better maps, better journeys
- Baidu, China’s largest search engine company, created a smart cat shelter that uses AI to detect when a cat approaches and opens its door. The shelter can be heated and provides cats water.
- Google and Microsoft warn potential business owners that bad AI decisions could lead to losses.
- Many sci-fi films and literature have led to real tech discoveries. For example, the Blade Runner AI-infused replicants are based on Philip K. Dick’s Do Androids Dream Of Electric Sheep?
- AI will be a $60 billion industry by 2025!
- Businesses must also improve their Voice SEO (VSEO) to remain competitive in today’s market.
- Voice search will make SEO more difficult as users will only see one result from one source.
- Customer services can use AI to help map customer journeys and find business-related information for different segments. – Forbes
- Artificial intelligence expert Dr. David Levy predicts that we will not only be having sex and marrying robots in just a few years. He predicted that by 2050, human-robot marriages will be legal.
- Robots will soon be able to detect when they are “in pain,” i.e., injured, and would notify them that they need repair.
- The EU has developed a draft of its ethics guidelines for AI due to concerns about data privacy. It details points such as how developers can be certain that their AI will not violate fundamental human rights.
- Carl Djerassi created one of the first AI programs in 1965. It was called DENDRAL, and automatically discovered new forms of medication.
- “Facebook’s AI Team is hard at work creating AI that can understand videos and put it into use. Although the meaning of this is not clear, it does include automated captions for videos, which are an example.
- Banks use AI to generate revenue and manage risk.
- Google has a Quantum AI Lab, where, unlike other companies, they actually have a quantum computer.
- Deep Blue, the first AI robot, was created in 1996. It was a chess-playing machine that won its first game against a World Champion on 10 February 1996.
- Experts predict that AI will replace 16% of the jobs currently held within the next ten years. But, don’t be alarmed, there will be new opportunities.
- AI can automate and streamline many types of labor.
- Outrider, a startup that uses AI-based electric yard trucks, creates fully-automated yard operations that can be repetitive and even dangerous for humans.
- In 2020, 13 AI startups were acquired by the “Big Tech” companies of Amazon, Google, Facebook and Apple.
- John Searle described the distinction between ”weak AI” and AI’strong AI’ in 1980. Strong AI is more general and can be applied to a wide range of tasks. Weak AI is focused on a single task.
- Stanford researchers created a machine-learning algorithm that can predict death with shocking accuracy of 90 percent.
- The TUG robot is capable of carrying nearly 1000 lbs. of medication to any hospital. This innovation allows doctors to spend more time with their patients.
- Researchers propose a probabilistic programming language system to better address AI issues, including fairness.
- AI systems can now compose audio, text and photos. This was used to greatly improve facial and voice recognition’s ability to detect individuals.
An online fingerprint
- Machine learning is used by the FBI to detect terrorist activity through tracking mobile messaging apps, social media platforms, and other means.
- AI was limited in its capabilities during the 1970s due to limited computer power. However, with the shrinking size of transistors, and the increase in computational power of devices, machine and deep learning algorithms have become more capable of creating voice recognition, self-driving cars, and many other functions.
- AI has been shown to detect breast cancer better than individual doctors and is just as effective as double-reading, which involves two doctors diagnosing the patient.
- AI can diagnose as accurately as the world’s top medical experts. One such AI-driven algorithm can detect metastatic breast carcinoma with 99 percent accuracy.
- One of the most important problems with AI is the inability of its creators to understand the reasons for some AI decisions.
- BlueDot, a Canadian startup that uses AI to predict the coronavirus pandemic in Canada, was able to do so before anyone else.
- AI is used in surgery for diagnosis, decision-making, and automated (robot assisted) surgeries.
- Although AI has been developed to detect depression in people’s voices, there is still much to be done. It also has a tendency to misdiagnose ethnicities not represented in the group that was used to develop the ML.
- Finland offers AI training to keep it competitive. They aim to teach AI basics to at least 1% of residents.
- Experts believe that AI could automate up to 45% of business processes.
- You can nap in your car on your commute to work, but it is possible.
- The World Economic Forum estimates that AI technology will create more than 97,000,000 new jobs by 2025, despite AI technology replacing over 80 million jobs. PWC
- According to reports, half of the World’s Artificial Intelligence unicorns reside in China. The total valuation of the unicorns is $4.5 billion.
- This was the beginning of AI’s “commercial wave”.
- AI is the future of dating apps. It’s believed that people will find more compatible partners using their smartphones.
- The global spending on AI is expected to double by 2024. This would mean that it would reach over $110 billion.
Roundup of 75 facts about AI
Although AI has existed since the 1940s and McCarthy coined the term “artificial intelligence” in 1956, the concept of AI is still very much alive today. AI was not popularized until the 1980s when expert systems were developed.
Human history has reached an amazing point where AI information is almost ubiquitous in our daily lives.
We have seen rapid progress in AI research over the past few years. It has been a decade from algorithm-playing computer games to facial recognition and AI-Driven medical diagnoses. Businesses also use AI every day to improve their operational functionality.
Although we have made great strides, there are still many challenges in AI and ML. Artificial Intelligence (AI) and Machine Learning (ML) are growing rapidly and will not stop. These changes will have a profound impact on society and businesses.
One of the most fascinating facts about artificial intelligence (AI) is expected to surpass human intelligence by 2045. AI will begin to completely automate many industries by that point, such as telemarketers. AI will also create around 2 million jobs.