Statistics Show AI Adoption and Investment has Risen Rapidly in the Past 2 Years

The concept of artificial intelligence as a non-human intelligence originated in the 1950s, but no one then could have imagined what success AI would achieve in the 2020s. In just 70 years, we have had bots that can learn, solve complex computational problems, write related texts, generate images and music, and analyze tons of information in seconds.

Now artificial intelligence is on everyone's lips, and it is used almost everywhere — creativity, education, medicine, business, and finance. Why is AI such a popular topic, and why is it worth paying special attention to projects that introduce AI into their development? 

Growing Popularity

At the end of January 2023, the global Google Trends ranking for "AI" was 94 out of 100. The ChatGPT chatbot from OpenAI attracted the same attention from users.

According to tidio.com, a third of organizations are using AI across industries, and 83% of companies are considering adopting AI a priority for business development. The AI technology market is expected to reach $500 billion in 2023. About 100 million people will work in the field of artificial intelligence by 2025. 

AI is no longer a futuristic dream and has become commonplace for many people. These technologies are gaining special popularity. Not long ago Alumni Ventures published their investigation, which shows the most trending AI directions in 2023.

• Enterprise - Due to the high scalability of artificial intelligence, this technology can simplify the processes of working with clients, analyzing images and records, and compiling options for solving problems of any complexity.
• AI Development - AI can enhance other AI technologies and help create and train new tools. Designing and editing applications are becoming easier and faster in every industry.
• Medicine and Therapeutics - Medicine has always been and will be a topical area of development and investment. The use of AI technologies will improve diagnosis, treatment selection, and equipment setup. At the end of December 2022, scientists from the Curie Institute and Ibex Medical Analytics published a study on the use of an AI algorithm for the accurate diagnosis of breast cancer. AI was trained to distinguish between benign and malignant tumors, analyze the state of cells and clarify the diagnosis. This could save thousands of lives in the future.
• Content Creation - Neural networks generate images, texts, and music, edit videos, and often at the request of users. In this capacity, AI can become a good marketing tool.
• Web3 & Data Science - AI can work with large amounts of data and speed up their processing. The operation of the blockchain can become faster and more regular thanks to such technologies.
• Security - The more developed the Internet, the more dangers it poses to the privacy and security of users. AI can prevent hacker attacks, analyze threats, and apply protection tools. Programs such as ThreatKey and Pixm have developed well in this area.

I’ll also add on my own that AI is making serious changes to the HR system. Imagine the recruitment process for the largest companies with several thousand employees. Need to choose the right application from hundreds of submissions? Manually, this process can take weeks. Some employers are trying to implement AI for recruitment.

Chatbots scan resumes much faster and are better at weeding out unsuitable candidates, dispassionately testing prospective hires, and can often make the training process for interns easier. This saves time and money, and it is not surprising that AI for HR is now on everyone's lips.

A Tidbit for Investors

At the end of 2022 and the beginning of 2023, AI has become one of the most attractive areas for investment. According to cryptorank.io statistics, in the first 3 months of 2023 alone, $48.05 million was invested in five AI projects.

Many large companies have also sent significant funds to the development of AI technologies. Let's take a look at the most noteworthy numbers at the beginning of 2023. Softbank and its limited partners Microsoft, Apple, and Foxconn have announced a second $108 billion vision fund.

The news about Microsoft's investment in OpenAI has become sensational. The company contributed $1 billion to develop the ChatGPT chatbot and improve the user experience. This investment will benefit Azure Cloud Credits and shared AI infrastructure.

Notably, Volkswagen has invested $2.6 billion in a self-driving startup, specifically Argo AI technology. This project is doing phenomenal work in the field of autonomous mobility. Ford already invested in Argo AI in the past.

Thus, AI is a real goldmine for startups and investors. But why do modern businesses seek to integrate AI and why do investors give it high preference? Perhaps successful AI cases will help to better understand this.

Those who have Succeeded Thanks to AI

In my opinion, projects that implement artificial intelligence are ahead of their time and occupy a leading position. There are already many examples of companies that are succeeding thanks to AI. 

Google’s parent company Alphabet is working on search improvement and advertising. The company develops AI machine learning, natural language processing, and computer vision. Thanks to this, Google's search capabilities remain dominant among users around the world.

For several years now, Amazon.com has been using AI technologies in several directions.

• Personalized product recommendations with the function of predicting potential purchases.
• Voice shopping with Alexa.
• Improved relevant search.
• Optimization of work in warehouses.
• A "just walk out" way of shopping where you pick up an item from the Amazon store and just leave. The app debits the payment from your account so you don't have to stand in line.

Thanks to AI, medicine is also rapidly developing. IBM Watson has been using AI for accurate diagnosis for over 5 years. Matthias Reumann from IBM Research explains exactly how the algorithm works, saying that by using cognitive computing, we are building a list of hypotheses which we then present to the doctors, including their sources, for the ultimate data-driven diagnosis. If one lab result is slightly out of the normal range, Watson can find it for further investigation.”

Of course, the latest digital technologies are also improving thanks to AI. Several crypto projects, namely SingularityNET, DeepBrain Chain, Nervos Network, and Ocean Protocol, provide optimization for working with data in the blockchain and improving system security. As for blockchain games, SIDUS Heroes, which was named №1 Gaming Metaverse in UAE, has made significant progress in the use of AI, including the development of AI to improve the quality of images, animations, and lip-syncing, with the help of Cascadeur and NVIDIA systems.

So, the most advanced projects today use AI in different areas of their work. This helps them reach a large market and attract users.

Wrapping Up

AI is a relentless trend in early 2023, and as technology evolves and new tools emerge, AI will be one of the leading trends for a long time to come. For now, AI is mostly used in digital technologies, medicine, HR, marketing, and security systems. The most advanced areas of human activity are increasingly being enhanced with AI tools.

Several billion dollars were invested in projects with AI technologies at the beginning of 2023 alone. Anything that improves user experience, marketing, navigation, and purchases attracts the attention of top investors. Companies like Microsoft, Amazon, and Google, as well as Web3 and game projects, are increasingly turning their attention to AI. What is this, if not the future of almost every area of our lives?