AI startups raised $42.5 billion in 2023, with generative AI alone attracting 48 percent of that. Profits, though, are not yet visible. For all the revenues OpenAI has generated, it needs tens of billions of dollars more to fund its plans. Alphabet and Microsoft investors too have expressed concerned about the mounting costs of AI developments in recent months. On ground, AI hasn’t been the game changer these large companies had hoped for.
While AI accelerates swift, efficient M&A deals, however, privacy, cyber security, accuracy, reskilling, ecological sustainability, and eliminating algorithmic bias are critical points to be considered by the acquirors and investors.
As India leads the way in the AI revolution, it s time to change the narrative from caution to constructive action. AI is not a job-stealing monster, but a catalyst for human betterment. In healthcare, it can predict diseases and personalize medicine. In education, it can adapt to individual learning styles. In the creative sector, AI can help overcome writer s block and optimize compositions for musicians.
Narrowing down the right antibacterial chemicals against bacteria can be a long, difficult process. This is where Artificial Intelligence can be helpful for researchers.