AI News

AUGUST 14, 2024

Artificial intelligence is changing the world and is projected to have a global market value of $2-4 trillion USD by 2030. For example, the AI Act recently released by the EU categorizes applications of AI into four different levels of risk: unacceptable, high, limited, and minimal or no risk.

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Unite.AI

NOVEMBER 27, 2024

According to McKinsey , by 2030, many companies will be approaching “ data ubiquity ,” where data is not only accessible but also embedded in every system, process, and decision point. Traditional customer segmentation methods are limited in scope, often categorizing customers into broad groups.

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IBM Journey to AI blog

DECEMBER 20, 2023

Classification algorithms —predict categorical output variables (e.g., “junk” or “not junk”) by labeling pieces of input data. The global machine learning market was valued at USD 19 billion in 2022 and is expected to reach USD 188 billion by 2030 (a CAGR of more than 37 percent). temperature, salary).

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IBM Journey to AI blog

FEBRUARY 23, 2024

billion by 2030. Also, conversational AI systems can manage and categorize support tickets, prioritizing them based on urgency and relevance. It signifies a shift in human-digital interaction, offering enterprises innovative ways to engage with their audience, optimize operations, and further personalize their customer experience.

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IBM Journey to AI blog

APRIL 18, 2024

Most experts categorize it as a powerful, but narrow AI model. Regardless, given the wide range of predictions for AGI’s arrival, anywhere from 2030 to 2050 and beyond, it’s crucial to manage expectations and begin by using the value of current AI applications.

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Pickl AI

JANUARY 8, 2025

billion by 2025 and an annual growth rate (CAGR) of 34.80% from 2025 to 2030, reaching $503.40 billion by 2030. Chi-Square Test The Chi-square test is beneficial for categorical data. For categorical variables, tests like the Chi-Square Test assess whether a features distribution significantly affects the target class.

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ODSC - Open Data Science

SEPTEMBER 12, 2024

Estimates place its banking market value at $64 billion by 2030 , up from $3.88 Classify Legal Documents Financial professionals can use this model to automatically categorize incoming regulations and standards based on a predefined priority scale or classification system. billion in 2020 — a 1,549% increase in only a decade.

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