The future belongs to Artificial Intelligence (AI)!

Written by Usman Asif

Oct 30, 2023

October 30, 2023

The future belongs to Artificial Intelligence (AI)! Whether we see it as our greatest creation or an existential threat, one thing is undeniable: With recent advancements in Generative AI, we’re moving towards this future at an astonishing pace.

I was checking out the recent batch of startups that Y combinator, a startup incubator, has incubated. Guess what? At least 50 out of roughly 200 companies in the current program are working on Generative AI (Source: NYT). And you know what’s even more interesting? The majority of the funding so far in 2023, around $12.7 billion, has gone to generative AI.

It’s all about producing text, imagery, audio, and data content. According to Octagon, our in-house market analysis tool, AI’s rough market share as of Q2 is 12.09%, which is an increase of roughly 40% from last year. And that’s not all! GMI estimates the current AI engineering market size to be around $8 billion, expected to grow at a compound annual growth rate (CAGR) of 35% from 2023 to 2032. And oh, according to Gartner, cloud AI will grow five times in 2023 compared to 2019, making it one of the top cloud services in the world. Now, here’s something interesting from the U.S.

Bureau of Labor Statistics: data scientist jobs in the U.S. are likely to increase by over 35% from 2021 to 2031. Oh, and speaking of jobs, the average AI engineer salary in the US is around $165K, which is higher than the median income of a data scientist (approximately $130K) and a software engineer (around $100K at an intermediate level). (source: Projectpro) According to the Future of Jobs Report published by the World Economic Forum in 2022, AI is likely to replace 85 million jobs globally by 2025. Exciting times ahead, huh? Here’s my take on this: AI transformation is bound to happen, and it’s never too late to hop on the disruption train. Whether you’ve taken a break from the tech industry or you’re new to it, no worries. You can always catch up by learning new things. Remember, every day is a fresh start, just like the sun rising in the morning. As they say,

“The expert in anything was once a beginner.” So, let’s dive into the magical world of AI, where learning unlocks endless possibilities. I was putting together a list of courses and materials to help you get up to speed with this latest trend and found these links useful: Generative AI learning path by Google: https://lnkd.in/dXeepJVU Elements of AI free online course: https://lnkd.in/dcZup9vm Edx AI: https://lnkd.in/dZ3knHBR, https://lnkd.in/dqzdMsVA #ai #startup #startups #learning #growth #artificialintelligence #tech

Related Articles

0 Comments

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *