Predictions for AI growth in the next 10 years

While we are a long way from the complex AIs we know from futuristic science fiction, there is plenty of work being done that will push things ahead. With this decade going to be crucial in AI development, here are some of the things we can expect to emerge.

Commonplace in the home

Many of the big developments in AI are happening on commercial and industrial levels. There have been so many epic advancements here that many have known about thanks to press releases and viral media. However, the biggest innovations are likely to come from products for the home as they will be much more visible to the general public compared to the commercial products.

For example, home assistants are one of the most commonly acknowledged ways in which AI has been introduced to our homes. Devices powered by Google, Alexa, and Siri are now commonplace, although still quite expensive. In the next decade, it is likely that we will see a massive drop in price so more people are able to afford these world-changing products. Just as smartphones were once a luxury but are now commonplace, other AI-powered gadgets are also going to become more available in everyday society.

Big Investments in the industry

AI development is exploding; experts think that AI could be worth $150 trillion in just a few years. Silicon Valley is full of AI startups and there are other places all around the world that are fast becoming hubs for new businesses involved with AI R&D.

What’s more, there is shortly about to be a massive influx of university graduates entering the industry. These will be from the first generation to grow up in a tech-heavy world where access to the internet has been part of everyday life. Their natural ability to understand the digital world, coupled with what they have learned from university, should prove to be incredibly important as they enter the workforce.

Sophisticated products

Thanks to a commonplace acceptance of AI-derived products and new expertise in the industry, we should soon see an introduction of products with more sophisticated mechanics that are able to handle extremely complex tasks. For example, many robotics companies are beginning to produce human-like robots that can respond to queries and issues as required, such as Sophia from Hanson Robotics.

The aim with many AI developers is to create products that can assist humanity rather than replace them. The products developed here will primarily be used for tools and tasks that humans cannot easily complete on their own.

The world of AI is worth watching at the moment. There are so many changes being made here at the moment, and it is clear that the next decade will be crucial when it comes to creating and furthering advanced AI solutions. No matter what happens in this coming decade, it is clear that in ten years, AI will be incredibly different to how it looks today.