Tech Talk: Artificial Intelligence
Artificial intelligence (AI) is a diverse field affecting many industries. With an estimated market size of $137 billion in 2022, it is projected to grow significantly to $1.8 trillion by 2030, a CAGR of 38%. While deep learning large language models (LLMs) like ChatGPT have recently caught the imagination of many, we also want to highlight machine learning (ML), computer perception, and natural language processing (NLP). What seems to have caught people by surprise is how well LLMs work. People use them for a diverse set of tasks, from understanding proteins, to writing code, to cleaning up employee reviews, to making sure they are being socially and politically correct, and to improve translations. OpenAI is the best-known company in the space. Estimates for the market size vary, but the latest estimates have it at $95 billion by 2030... ML has been around for some time, but is gaining adoption as compute costs drop, more companies learn what it is good at, and the amount of data available grows rapidly...
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