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The goal of this article is do provide a short consensus on well-researched projections of AI’s growth and market value in the coming decade, and to (as always) provide amble references for further exploration for those of you who aim to go deeper. We’ve aimed to stick to sources whose reputation rests on their objectivity, rather than on excited statements of companies whose incentive is to see the future their way (such as IBM’s CEO claiming a potential $2 trillion dollar market for “cognitive computing”).
ractica forecasts that the revenue generated from the direct and indirect application of AI software is estimated to grow from $643.7 million in 2016 to $36.8 billion by 2025. This represents a significant growth curve for the 9-year period with a compound annual growth rate (CAGR) of 56.8%.
Market Analysis (Top 3 highest number of use cases by percentage of resources spent):
Cyber intelligence (22%)
Manufacturing automation (8%)
While the gains vary from country to country, our results are indicative of AI’s ability to transcend regional and structural disparities, enabling huge, rapid leaps in labor productivity.
BofA Merrill reckons the market will blossom to $153bn over the next five years — $83bn for robots, and $70bn for artificial intelligence-based systems. That compares to roughly $58bn in 2014, according to a calculation by Beijia Ma, one of the report’s authors…
Demand is expected to be driven by an ageing global population and a rise in wages of workers in emerging markets. Wage growth among China’s factory workers, for example, has surged nine-fold since 2000.
4) By 2018, more than 3 million workers globally will be supervised by a “robo-boss.” Robo-bosses will increasingly make decisions that previously could only have been made by human managers…
originally posted by: toysforadults
Do we free up human time for creative and philosophical endeavors or do we become slaves to the machine while a select group of elite pillage the earth's resources.
originally posted by: strongfp
It basically makes entry level jobs in the structural steel world redundant. Simple beam fittups and weldments will be performed by a machine.