The idea of having a personal assistant to help tackle everyday tasks is attracting users everywhere. However, the potential for smart applications expands far beyond digital assistants. Today, the mobile app is using AI to drastically improve user satisfaction.
Artificial intelligence (AI) is rapidly becoming one of the most popular topics in both business and science and more leading tech companies are showing interest in AI investment. Google’s $400 million acquisition of DeepMind is a prime example of mainstream AI application. A study conducted by the Mckinsey Global Institute revealed that tech giants such as Baidu and Google spent between $20 billion to $30 billion on AI last year, with 90% of this spent on R&D and deployment, and 10% on AI acquisitions.
The rate at which AI is expanding is gaining momentum. The same study determined that AI expansion brought about three times as much investment in 2016 – nearly $40 billion – as it did only three years ago. Business sectors like healthcare, education, and finance are investing in AI, but mobile is one of the most promising areas for AI.