Artificial intelligence (AI) dates back to 1951 with a checkers-playing project. Today, technological advancements have led to the rise of autonomous machines, such as convolutional networks where AI systems interact and influence each other’s conclusions. Generative AI, particularly transformer models like ChatGPT, are at the forefront, transforming inputs into outputs, with applications in chatbots, text, and image generation.

The AI market, valued between $100 and $450 billion in 2022, is projected to expand rapidly, potentially reaching over $600 billion by 2030 or even trillions. AI’s influence is integral to the Industrial Revolution 4.0, enhancing digitization and efficiency in businesses through automation and smart technology. By 2024, cloud-based AI and edge computing will be pivotal as technology integrates AI into global devices.

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Matthew Paulson
MarketBeat