Artificial Intelligence - A Top Investment Priority for Modern Businesses

Artificial Intelligence Is a Growing Point of Investment for Many Companies

artificial intelligence as top investment for business

Artificial intelligence (AI) has become a focal point of investment for many companies, and countries like China are making a serious attempt to invest in the technology and become the world’s leader in artificial intelligence. 

Rising Impact of Artificial Intelligence in Everyday Life

Although AI seems to have just recently introduce itself, it has been around for quite some time. A British mathematician by the name of Alan Turing introduced the concept of thinking machines back in 1950, and since then, investing in AI has really proved its worth in today’s global economy and the role of AI in business decision making. China specifically has taken a leap with investing in AI, as experts estimate the country will become the world leader in artificial intelligence by 2025. Their plan “calls for investments totaling billions of dollars in a number of domestic AI initiatives” and also “creates a blueprint for greater collaboration between research entities, private industry and the Chinese military on AI development.” According to Melanie Cook, the head of strategy and business consultancy for Southeast Asia at SapientRazorfish, “China is leading in Asia-Pacific when it comes to AI research” and in China, the private and public sectors are essentially combined, with billions invested. It is estimated that the revenue generated by AI-related businesses and technology will be near $2 billion this year and will increase to $3 billion by next year. 

There are monumental examples of AI trends to follow with Apple’s Siri and Microsoft’s Cortana leading today’s artificial intelligence in society. With the rise of smartphones in the United States and other countries, we examine and interact with AI on a daily basis. It has become a part of our daily lives, and in the near future, AI will intertwine itself with other aspects of our society. Other artificial trends to follow include Facebook’s use of AI to rank posts in their News Feed and translate user posts to various languages. In a recent report, Facebook claims to use AI to also “curtail terrorism-related content.” Another AI trend to follow is Amazon’s artificial intelligence that helps recommend products in its online commerce business and the use of robots to move products around their “fulfillment centers.” The use of AI is so prevalent that the company is now implementing the use of drones to deliver goods to customers. 

Artificial Intelligence Future Trends

There has been discussion on whether or not AI will be helpful or detrimental to our society. A theory has been roaming around that the emergence of AI systems with superhuman capabilities called Artificial General Intelligence (AGI) may be imminent. One side of the debate is that these AGI systems may make humans extinct or may rid the need of human labor in the workforce. The other side refutes those claims by having an optimistic perspective that AGI systems may make human life much richer and also longer. The ongoing dispute on whether or not we should pursue AI has become an intense topic that has led individuals to form their own opinions on the future of artificial intelligence. 

Artificial intelligence will assert its dominance in the years to come, and countries will continue to battle to be one of the pioneers in the industry. It will be interesting to see how far we can implement AI into our society without it becoming a problem. 

Mohammad Ali Sultani
Mohammad Ali Sultani
Mohammad Sultani is currently an undergraduate at the University of San Diego pursuing a degree in Political Science and English. As an experienced writer for various technology, law, and political news outlets, he has shown great potential in his writings and hopes to continue developing his skills. With the goal of becoming an established lawyer and writer, Mohammad is determined to help those in need on both ends of the spectrum.

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