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The Future of AI is Promising yet Turbulentby@asim
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The Future of AI is Promising yet Turbulent

by Asim Rais SiddiquiMarch 8th, 2023
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Artificial Intelligence (AI) has come a long way since its inception, and its rapid advancements have revolutionized various industries across the globe. The worldwide AI market is expected to reach a milestone of $521.3 billion in market growth by 2028. This growth is driven by the democratization of AI, the development of generative AI, and the need for AI ethics to be a top priority. From natural language processing to deep learning algorithms, we can anticipate several advancements in AI that will significantly impact our lives.
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Are we one step closer to robots taking our jobs? This is what 2023 has in store for AI.


Artificial Intelligence (AI) has come a long way since its inception, and its rapid advancements have revolutionized various industries across the globe. The worldwide AI market is expected to reach a milestone of $521.3 billion in market growth by 2028. This growth is driven by the democratization of AI, the development of generative AI, and the need for AI ethics to be a top priority


As we move towards the year 2023, AI technology is expected to continue to evolve, leading to more advanced and efficient AI systems. From natural language processing to deep learning algorithms, we can anticipate several advancements in AI that will significantly impact our lives. This article will explore the latest trends and predictions of what we can expect in AI advancements in 2023.


Growth of open-source and decentralized efforts

Apart from its dependence on massive data sets, one of the critical challenges facing the artificial intelligence field in the coming years is deciding whether intelligence and data should be distributed widely or controlled by a select few major entities. Centralized AI creates imbalances by favoring those who possess vast data resources and advanced technology, leaving others at a disadvantage and widening the digital divide. To address this problem, decentralized AI systems that employ blockchain technology-based AI can be used.


Decentralized AI projects benefit from the openness and traceability of the shared ledger. Unlike centralized networks, blockchain networks are accessible to the public for verification. Decentralized AI marketplaces provide smaller companies with the opportunity to offer their AI applications as a service, allowing startups to gain entry to the market and democratizing its access. With constant innovations in blockchain technology, we can expect to see a significant growth in such open-source or decentralized AI efforts in 2023.


Improved natural language processing (NLP)

One of the most significant advancements we can expect in AI is in the field of natural language processing (NLP). NLP refers to the ability of machines to understand and interpret human language. We can expect to see more advanced NLP systems, especially when it comes to sentiment analysis. This means that they can better understand context, dialects, and idiomatic expressions. This advancement will improve automated translation systems, chatbots, and virtual assistants, making them more human-like in their communication.


Another aspect of NLP systems that is seeing vast improvement is their scalability and efficiency. As the demand for NLP-based applications continues to grow, researchers are exploring new ways to optimize algorithms and reduce computational overhead, allowing NLP systems to handle increasingly large and complex datasets. These improvements are set to have a transformative impact on the field of AI and beyond, with NLP poised to become an even more integral part of our lives in the years to come.


The year of the chatbots

Improvements in natural language processing automatically correlates with the rise of AI-powered chatbots. The equal parts loathed and lauded ChatGPT was released in November last year and has taken the world by storm. It became the fastest growing app in the world, reaching 100 million users just two months after launching. Data showed that it had over 590 million visits in January from 100 million unique visitors. The overwhelming popularity of ChatGPT has set the stage for AI chatbots in 2023.


Microsoft also officially launched its new AI-powered Bing to the Windows 11 taskbar, calling it “your copilot to the web.” Hot on their trail, Google announced that their own AI chatbot, ChatGPT rival Bard, would be available in the coming weeks. Google CEO Sundar Pichai also commented that Bard “draws on information from the web to provide fresh, high-quality responses,” indicating that it may be used to answer questions related to recent events, something ChatGPT struggles with.


With new product launches and constant innovations, 2023 will definitely be a big year for AI chatbots. They are likely to become more integrated into various platforms and devices, such as social media, messaging apps, and smart speakers. Their increased functionality and accessibility opens up new opportunities for businesses and consumers alike.


Ethics in AI is a widely discussed topic, and in 2023, we can expect this debate to get quite heated. As AI continues to evolve and become more integrated into our daily lives, the importance of ethical considerations in its development and implementation will only increase. Thus, there have been doubts on if you can trust the results of AI. Recently, Stability AI, the parent company of open-source AI art generator Stable Diffusion, was sued by Getty Images for copyright infringement. The stock photography company accused Stability AI of copying more than 12 million images from its database without permission or any compensation.


And not just big names like Getty Images; even small artists are filing lawsuits against AI art generators like Stable Diffusion and MidJourney for “infringing the rights of millions of artists” by training their datasets on billions of images scraped from the web without the permission of the original artists. Although the companies behind these datasets, including Stable Diffusion, are now giving artists the right to opt out of the next model’s training, we can still expect several ethical and legal issues to arise in 2023 when it comes to AI-generated art and even just AI in general.

The future of AI is promising yet turbulent

In conclusion, the advancements in AI technology that we can expect to see in 2023 are both exciting and concerning at the same time. Decentralized AI, chatbots, machine learning, natural language processing, and other areas of AI research and development are poised to make significant leaps forward in 2023, paving the way for new applications and opportunities.


While there are still challenges to be overcome, such as ensuring ethical and responsible AI development, the overall trajectory of the field is one of progress and innovation. As we look ahead to 2023 and beyond, it is clear that AI will continue to play an increasingly important role in our lives, driving transformative changes in a wide range of industries and domains.