13 mind-altering AI predictions for 2024

Hey there 👋 - Harsh here!

Happy Wednesday to all the Tech Romeo’s. I hope you guys and gals are enjoying your holidays.

Welcome to the latest edition of "Tech that Matters," your weekly dose of curated insights on AI and ChatGPT Prompts to help your business run like a well-oiled German engine.

This week's focus is to look at some of the most whopping predictions of the AI world for 2024.

In Today's Tech That Matters:

🔥 10 New AI Tools

🤖 13 Shocking AI Statistics and Predictions

🐦 3 Tweets you cannot miss

13 Shocking AI Statistics and Predictions for 2024

The AI community has taken the world by storm.

Some entrepreneurs even said that ChatGPT is the tool of the century and everyone else is fighting for the 2nd spot.

We've seen communities building, Apps growing and even outrage by people who are scared of AI taking their jobs.

So, let's look at some of the top predictions and stats to end 2023 on a high note.

Here are the 13 mind-altering stats I found:

1. AI-enabled devices are everywhere. Nearly 77% of devices today use AI technology in one form or another.

2. By 2024, AI will generate $2.9 trillion in business value and recover 6.2 billion hours of worker productivity.

3. By 2030, Artificial Intelligence will add 15.7 trillion dollars to the world's GDP, boosting it by 14%.

4. The growth of AI startups accelerated 14-fold since 2000. And we’d bet more of them are coming up every year.

5. Business leaders trust AI’s power to drive growth. 84% of C-level executives believe that they need to adopt and leverage Artificial Intelligence to drive growth objectives.

6. The global AI market is booming. It will reach 190.61 billion dollars by 2025 at a compound annual growth rate of 36.62%.

7. AI will eliminate 1.8 million jobs but create 2.3 million new ones by 2024.

8. According to a global survey by LivePerson, 38% of the consumers surveyed gave positive feedback regarding their perception of chatbots.

9. A survey found that 82% of Americans are concerned about AI infringing on their privacy, highlighting the need for robust privacy regulations and ethical guidelines.

10. Demand for higher cognitive skills, such as creativity, critical thinking, decision making, and complex information processing, will also grow through 2030—by 19% in the USA and by 14% in Europe, from already sizable bases.

11. There will be more AI assistants than people in this world. Forecasts indicate that there will be 8.4 billion AI-powered digital voice assistant units in the world by 2024, which surpasses the total global population.

12. It is estimated that AI-powered chatbots will handle 85% of customer interactions, providing efficient and personalized customer service experiences.

13. The AI job market is projected to grow by 16% annually through 2027, highlighting the need for skilled individuals in developing and implementing AI technologies.

3 Tweets you cannot miss 🐦

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