Latest News and Updates from the World of Artificial Intelligence

The age of artificial intelligence is here!?

Are you ready to welcome it??

The year 2023 came with a series of developments in the AI world, from Google’s rollout of AI-powered search to the launch of OpenAI’s GPT-4.?

After such interesting technological changes, businesses around the world are excited to see what more advancements AI is set to bring. If you are interested in learning about how big AI space is and how quickly it is growing, stay tuned!?

In this post, we will discuss important AI stats and the latest updates from the world of artificial intelligence.?

Important AI Statistics:

• The global AI market in 2023 was close to $208 billion. This figure is likely to reach nearly $2 trillion by 2030.?(Statista, 2023)
• AI is expected to add a massive $25.6 trillion to the world’s economy.?(McKinsey, 2023)
• Almost 73% of companies in the USA use AI in some or other way in their business.?(PwC, 2023)
• More than 20% of generative AI’s users are between 25- to 34-year-olds.?(Insider Intelligence. 2023)
• Between 2018 and 2022, AI startups received around 12% of total funding. This figure increased in 2023 when almost 25% of investments in American startups went to an AI-related company.?(Crunchbase, 2023)

News and Updates:

1. AI Will Become Smarter Than Humans?

Elon Musk claims that AI will surpass human intelligence by 2029.

Reacting to one of the clips of the discussion on X, Musk wrote, “AI will probably be smarter than any single human next year. By 2029, AI will probably be smarter than all humans combined."

2. Hyodol- AI Social Robot?

One of the South Korean companies has invented a 'social robot' for senior citizens. The robot is designed to help senior citizens combat loneliness or social isolation as these feelings can significantly affect mental and physical health.

Hyodol looks like a soft toy and comes with an advanced capability of recognizing emotions, talking, and playing music. What’s more? It can act as a health coach, send voice messages, play 24-hour voice reminders, and give suggestions by leveraging? NLP, all while looking cute and cuddly.?

3. SIMA- Google DeepMind’s New AI

Google DeepMind launches SIMA (Scaling Instructable Agents Across Many Simulated Worlds), an advanced AI agent that will play video games with you. SIMA is designed to harness the power of machine learning techniques to bridge the gap between language and grounded behavior.?

Besides gaming, SIMA can be integrated into smart city infrastructure for optimizing energy and managing traffic. Likewise, in healthcare, SIMA can learn from diverse data sources that could revolutionize this sector. Lastly, SIMA can be used for making smart devices.?

4. Devin AI- World’s First AI Software Engineer?

A US-based AI lab, Cognition, has recently introduced Devin AI, the world’s first AI software engineer. It can write code with command prompts while focusing on more interesting problems. It can also plan & execute complex engineering tasks, learn over time, and fix mistakes.

What’s more??

Well, Devin can actively collaborate with the team or can independently complete tasks for you to review. This AI software engineer can be used to enhance efficiency, improve accuracy & quality, unlock new possibilities, and strengthen collaboration.?

5. Firefly Generative AI Feature Now In iOS and Android Devices

Adobe has recently launched an updated version of the Adobe Express app, which brings generative AI capabilities to iOS and Android devices.?

People can use this feature to create social media posts, posters, and banners on their phones. Not to mention, Firefly generative AI also brings Text-to-image and Text Effects features on phones.?

6. New Meta AI Model Learns From Watching Videos

Meta’s new AI models learn from watching videos instead of learning from written words. The model, called V-JEPA, is capable of detecting and understanding highly detailed interactions between objects.

The new AI model can process unlabeled video and figure out what will happen on a certain part of the screen.

Still curious??

Here’s your chance to learn more about the advancements of AI .??

Join our upcoming webinar to understand the Future of AI-Driven E-commerce Businesses!?

Registration link: https://shorturl.at/jvH25 ?

Don't miss!

Spots are filling up fast.