AI market

Artificial intelligence advances and their potential to fundamentally alter how society is shaped in the future can frequently thrill us. But as AI enthusiasts are aware, the technology is already pervasively present in so many of our daily interactions that it is drastically altering the ways in which we work, relax, and have fun.

The media has been covering high-tech topics for decades, such as robots that resemble humans and can perform all of our everyday household activities. Mabel the Robot Housemaid first appeared in 1966 and was supposed to perform all household chores by 1976. Even though it didn’t work out, artificial intelligence (AI) has adapted to our daily lives and, although there may not be any Mables, many of us do have personal assistants in the form of Alexa, Siri, and Cortana.

While they might not be able to iron our clothes for us, these robots can operate our heating systems, program the oven, and switch on and off the lights while we’re not home. Instead of doing all the manual labor alone, they assist us in the background and become a part of our homes. Experts predict that by 2033, robots will handle nearly 40% of our household chores. This appears to be fairly similar to the 1966 statements, however data from the Universities of Oxford in the UK and Ochanomizu in Japan support this. What routine chores will be automated in the next five to ten years? That was the question posed to 65 AI professionals.

What kinds of futures are envisaged for unpaid work? was the question examined in this study. Will robots at least take out the trash for us if they replace our jobs? It’s predicted that over the next ten years, consumers will spend 46% less time cleaning their homes. Grocery shopping is the one chore that is most likely to become more automated. Experts estimate that by 2033, AI will handle almost 60% of our food shopping. It is unlikely, nevertheless, that machines will be trusted with caring duties like tending to the young or the elderly.Experts in the field think that trusting machines to take care of children would not be acceptable, even if AI were technically capable of doing so. This is because there could be negative effects on the child’s development and privacy concerns.

What jobs is artificial intelligence performing, therefore, if not taking care of our kids or doing the laundry? Given the magnitude of the market, this industry contributes significantly to the global economy. According to the latest recent figures, its value is expected to reach US$ 184.00bn by 2024. That is nothing, though, in comparison to projections for 2030. By the end of the decade, the market is predicted to increase at a rate of about 29% and be valued a whopping US$826 billion.

These are a few domains in which artificial intelligence has become so pervasive in our lives that it almost makes us forget how we used to live.

We use our facial IDs to unlock our phones. This feature is made possible using AI. The gadget uses 30,000 invisible infrared dots to take pictures of your face and use biometrics to see you in three dimensions. Then, to identify whether it’s an intruder attempting to access your phone or you, it uses machine learning algorithms to compare the facial scan with what it has saved on file. Apple asserts that there is a one in a million possibility of tricking its FaceID.

We can go in a lot of different areas once our phones are open. Some folks leave to read the news or check social media. Some use their phones to access online casinos or play games for fun. These websites cannot operate without AI and algorithms; AI is used in customer support, payment verification, and winning distribution, among other tasks. Players can select from the newest games available, giving them a personalized experience as the AI learns the games they prefer playing. But instead of going through every new release, the algorithm may recognize what they have already played and recommend something similar to them.

Social media feeds are also updated by AI. Because the computer has learnt what posts you react to based on your past interactions, what a user sees is personalized. It generates news posts and friend recommendations. The next stage for AI is to improve recognition, weed out false information, and stop cyberbullying. Since general elections will be held worldwide in 2024, eliminating fake news will be even more important.

Whether writing emails, chats, reports, or anything else on our computers or phones, we use Grammarly and spell check. Through the use of natural language processing and suggestions, they assist us in producing error-free messages. When we use spam filters to send and receive emails, certain emails are blocked and sent to our junk mail boxes, involving more AI. Furthermore, machine learning is used by antivirus software to safeguard our computers and email accounts.

Although all of these instances take place in the background, the usage of digital voice assistants has changed significantly in recent years. Siri, Alexa, Google Home, and Cortana are always with us, whether we need help finding our way or checking the weather. Many people now rely on them as a copilot when driving and as a general source of limitless information around the house, and they have truly become necessary. These assistants use artificial intelligence (AI)-powered natural language processors and generators to respond to all inquiries. They are becoming more and more trained to respond in “human-like” ways; occasionally, they even sound offended.

While the idea of robots performing housekeeping has been around since 1966, our homes are getting “smarter” every day. We have refrigerators that can make shopping lists based on what is no longer in the refrigerator and thermostats that let us manage the temperature from our phones. Based on what’s in your refrigerator, they can also suggest possible accompaniments, like wine or condiments.

Mabel is still nowhere to be seen, but perhaps one day she will show up.

PC Soni Editor

Categorized in:

Artificial Intelligence,

Last Update: 3 June 2024

Tagged in: