The concept of artificial intelligence (AI) is no longer a sci-fi one. AI has been steadily advancing over the years, and in recent times, the growth has skyrocketed—paving the way for more efficient processes, better customer service, and improved quality of life across many aspects.
AI will likely play an even more critical role as it becomes better at completing more complex tasks and providing decision support.
As AI gets better at understanding and responding to the complexities of the world, its capabilities will continue to increase, which is likely to result in increased economic value creation.
Well, the technology giants across the globe, including Google, Microsoft, Apple, Amazon, Meta, and others, realised AI’s potential and are pumping billions into it to witness the spectacular growth of AI.
Microsoft pumps billions into OpenAI
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