AI is becoming increasingly advanced and its integration into our lives is inevitable. This could have a significant impact on our current economic system, capitalism, as jobs are outsourced and automated processes are taken into account. It is uncertain what will replace capitalism and how this shift will affect our daily lives, but it is possible that AI could provide answers to these questions and a new form of economic system.
As of 2022, the global AI market is valued at over $136 billion. AI industry value is projected to increase by over 13x over the next 8 years. The US AI market is forecast to reach $299.64 billion by 2024. The AI market is expanding at a CAGR of 38.1-59% between 2022 to 2030
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CAGR to reach 59% for Generative AI
Projects like Open AI, Midjorney and Chat GPT are using community-driven models that overtook creative work.
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Progress in Autonomous Systems
The core displacement of both incumbents like Google, Meta and even Apple are becoming moved to the side with community-driven models to create a future of autonomous (interconnected) systems.
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Democratization of AI
Almost every news outlet at 97% including both digital & print media has covered AI as a topic in 2022, giving light to this new future that AI is among us.
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