By 2030, artificial intelligence(AI) experts expect a value-added contribution to the gross national product of 13 trillion dollars. Investors need to invest along the entire artificial intelligence value chain. Because there are always groundbreaking innovations that can change certain areas significantly.
It should be clear to everyone that artificial intelligence is the big game-changer in business and society. Business models and entire industries will change due to artificial intelligence. Without the continuous further development of these systems, gigantic amounts of data can no longer be organized and used in the future.
Missing out on this future technology would be unforgivable and could ultimately mean the loss of competitiveness for companies and entire economies. By 2030, artificial intelligence experts expect a value-added contribution to the gross national product of 1.2 percent ($13 trillion). This is twice as much as in the steam engines of the first industrial revolution and general information and communication technology and three times as much as in industrial robotics.
Of course, artificial intelligence is constantly evolving, so innovations based on artificial intelligence are constantly being created in science, technology, and medicine—an overview of key developments.
Trend 1: Medicine
Alphabet, for example, has DeepMind, a company in its portfolio that specializes in artificial programming intelligence for medical applications. Among other things, this allows the three-dimensional structure of proteins to be predicted based on the sequence of the amino acids in the protein. The AI system Alpha-Fold 2.0 is thus considered a scientific breakthrough, as it can solve the old problem of protein folding and thus advance many research areas by decades.
Or the start-up Neural-link from Tesla founder Elon Musk: Neural-link aims for the brain chip revolution and wants to make brain chips suitable for the masses. Neural-link aims to develop a device for communication between the human brain and computers, a so-called brain-computer interface. The long-term goal: people should think and communicate faster with computer chips to keep up with artificial intelligence. This should bring tangible improvements in medical care. According to Elon Musk, a chip in a human brain could, for example, help a paralyzed person to operate a computer with the power of thought.
Trend 2: Metaverse
On the other hand, the Metaverse concept is about establishing a collaborative virtual space, i.e., a fusion between reality and digital technology in which people move as avatars. Microsoft boss Satya Nadella describes the Metaverse as a new platform for a time when the digital and real worlds are moving ever closer together. This platform makes it possible to embed the natural world in the virtual environment or integrate digital elements into the real world. For example, people should be able to create digital images that learn the body language of their natural counterparts with the help of artificial intelligence.
According to Vantage Market Research’s market research, the Metaverse could reach $800 billion in sales by 2028. Analysts from Morgan Stanley predict an annual market potential of around eight trillion dollars. This would be more than double the German gross domestic product in 2020.
Trend 3: Autonomous Driving
Autonomous driving means the movement of vehicles, mobile robots, and driverless transport systems. Artificial intelligence is required for this: “AI systems in autonomous vehicles process various data in parallel and in real-time: the course of the road, the street signs and traffic lights as well as the movements of other road users and much more,” says the Federal Office for Information Security.
An example: Mobileye, the Israeli subsidiary of the Intel group, produces software and hardware for driver assistance systems and has already sold more than 100 million of these systems, called Eye-Q. Mobileye calls the latest system-on-a-chip (SoC) Eye-Q Ultra a “supercomputer for autonomous driving.” The company recently announced that it would be launching an autonomous car for end customers.
For investors, this means not narrowing their views. It would help if you tried to invest along the entire Artificial Intelligence value chain. Artificial intelligence is used in almost all business areas. Therefore, future-oriented investors can benefit from artificial intelligence on many levels. And from the regularly far-reaching innovations.
Also Read: How Intelligent Can AI Be?