Artificial intelligence (AI) is reshaping the world as we know it. Machine learning is developing at an exponential rate and the industry as a whole is seeing huge investment. It’s no secret that AI is the next big thing, but what real-life changes can we expect to see?
Finance
The biggest industry on the planet, finance, is already using AI in many ways to provide a better service to customers. For instance, AI is currently being implemented in fraud detection. Technology is superior to that of humans as it can instantly recognize fraudulent patterns.
Moreover, AI is being used in trading stocks, commodities, and forex. Robot trading has been around since the inception of the internet, but AI has added another layer on top. Traders and institutions are using artificial intelligence to perfect automated strategies. This is now even available to retail traders who can use AI bots via sites such as Telegram and WhatsApp.
As credit is a salient factor in finance, AI is being used to provide more detailed and accurate credit scores. Models are able to crunch huge amounts of data to give more options to the borrower and the lender.
Gaming
Gaming was one of the first industries to use AI to make gameplay more realistic and immersive. NPCs (nonplayer characters) are a huge part of the space where AI is used to make them more dynamic and less monotone.
Furthermore, AI is being used in casino games. The technology improves the overall experience in regards to smarter gaming libraries and intuitive dealers. Nevertheless, picking the right casino for you will take time, therefore it’s beneficial to use comparison sites. These platforms offer the latest real money online slots, check the welcome bonuses, and provide impartial reviews on each casino site.
All the biggest games utilize AI in some way. For example, EAFC uses AI in its career mode, offering more realistic transfers and detailed tactics for formation and player training. In addition, AI is implemented in action-adventure games such as The Last of Us Part II. It reacts to player strategies and communications adding a layer of realism like never before.
Logistics
Logistics are crucial to our everyday lives, making sure everything is delivered on time and most importantly, shop shelves are full. AI is therefore a huge part of the whole supply chain starting with stock management and even extending to optimizing the best possible route.
Nowadays, AI is being used in self-autonomous vehicles in warehouses to move products quickly and around the clock. This will result in a better result for the end consumer because deliveries will become cheaper and faster going forward.
Hollywood
In the summer of 2024, we saw a Hollywood writers’ strike regarding the use of artificial intelligence in movies and TV. Big stars such as Bryan Cranston (Breaking Bad, Malcolm in the Middle) and Matt Damon (Good Will Hunting, Bourne Identity) even joined the picket lines.
Going forward AI will be a huge part of the scriptwriting phase, offering a plethora of ideas including the plot of the story, characters, and locations. In addition, the technology will penetrate all aspects of the movie-making process from editing and casting to special effects and marketing.
AI has the power to cut tasks that used to take hours or even days to seconds. Therefore, the writers’ strike is most likely to spread amongst all workers in the industry going forward.
Education
The internet has taken education to the next level as currently, you’re able to take courses in pretty much anything. However, AI will personalize this offering education in topics that are niche to the end user.
This is perfect in business as employee training will be tailored to exactly what’s needed. Also, in higher learning, students can learn exactly what they want rather than taking courses that they feel are not relevant.
Tutoring will also improve with the use of AI especially when it comes to learning languages. In the future, students will be able to communicate with an AI of any language and learn whichever vocabulary they desire.
With AI chatbots such as Jasper and Chat GPT, research has never been so simple. The model gives you answers to pretty much any query. These programs will aid university students with their coursework and even for their dissertations.
