Artificial Intelligence has the potential to transform every industry and create significant economic value. The impact of AI on our daily lives cannot be ignored. From smartphones to smart devices, Google, and social media—there is hardly any industry or sector that does not utilize AI.

In recent years, the patenting of AI has experienced tremendous growth. According to PwC, by 2030, the global GDP impact of AI will be $15.7 trillion. The Director General of the World Intellectual Property Organization (WIPO), Francis Gurry, says, “We can expect new AI-based products, applications, and technologies that will change our daily lives and also shape the future of human interaction with the machines we have created.”

Industries such as transportation, education, healthcare, and financial services are adopting AI the fastest.

The development of Artificial Intelligence has already impacted our daily lives. You may have heard negative predictions about AI made by scientists such as Stephen Hawking and Elon Musk.
Pew Research Center surveyed about 979 technology experts to find out whether AI and related technologies will help or harm humanity. 63% of respondents hoped that by 2030, we would have a better future. Many of them stated that everything will be fine only if the responsible authorities carefully study how these tools, platforms, and networks are designed, distributed, and updated.

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