Today is artificial intelligence Wednesday (#AIwednesday) 🧠 🧠 Here are some key AI trends and statistics in 2023 you can look into: 1. AI Global Market Size and Its Forecast The global artificial intelligence market size is projected to expand at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030. It is projected to reach $1,811.8 billion by 2030. 2. Generative AI I am sure you seen the likes of ChatGPT, Google Bard, and now xAI called Grok. But there are more. With generative AI you can create: - AI-generated text - AI-generated images - AI-generated speech - AI-generated video - AI-generated websites Since late 2020, generative AI has been on everyone's lips, and its momentum shows no signs of slowing down. 3. Multimodal AI models This is not just a fancy term. AI is actually, thanks to multimodal deep learning, enabling us to train models to discover relationships between different types of modalities. In practical terms, this means that these models can "translate" text to images, images to videos, text to audio, and so on. You get the idea? You (or a computer) can read and understand content in different modalities 😗 4. Personalization at scale  Well, this is expected. After we've studied human behavior and know that they like personalization, it's only expected that we'll use AI to personalize to them. And its happening at scale. What makes Netflix, Spotify and TikTok so great? Their highly sophisticated recommendation algorithms that know you… almost too well. This concept of personalization revolves around customizing products, services, or experiences to cater to the specific needs and preferences of individuals. 5. AI Democratization: Low Code, No Code The low-code, no-code AI trend in website and app development allows businesses to customize these intelligent systems via drag-and-drop methods and pre-built templates. By leveraging this trend, organizations can automate repetitive and rules based tasks. Also, this AI market trend allows businesses to program AI tools—like Sway AI for data analysis of current and future processes. According to Business Wire, low-code, no-code devices cost 70% cheaper and complete a project faster than traditional methods. Parting shot Well that's it from me. There are more AI trends. But these once mentioned here lead the way. You can read the whole article here about #aiforbusiness to get more insights about AI and its impacts: lnkd.in/dRDyPp8R #ai #technology #aiautomation #aiforbusiness #artificialintelligence #softwarekeep

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