Why is AI so Popular in 2022?

It seems like everyone is talking about Artificial Intelligence these days. If you haven’t heard about the recent buzz surrounding AI, you must have been living under a rock. Everywhere you look, there are images of new, innovative AI features popping up. While it’s natural to have some concerns about the potential dangers of AI, it’s important to remember that we’re still a long way off from seeing robots taking over like in the movie “I, Robot.”

Despite its long history, AI has often been difficult for many people to understand and has sometimes been viewed with suspicion. However, this year has seen a significant increase in the adoption of AI, which is a strong indication of its growing acceptance and usefulness in our daily lives. So why is AI becoming so popular now? Let’s take a look at the top five reasons for the surge in AI’s popularity in 2022.

Computing Power

One of the primary factors driving the popularity of AI is the rapid advancement of computing power. Training AI models requires a significant amount of computing power, and until recently, it wasn’t possible to fully utilize deep learning techniques due to technological limitations. However, the recent development of powerful graphics processing units (GPUs) has made it easier to train and deploy AI models, leading to a surge in their adoption.

Increase in Data

In addition to the advances in computing power, there has also been a vast increase in the amount of data available to fuel AI models. With the proliferation of smartphones and smart devices, more and more people are spending more time connected to the internet. These devices are constantly collecting data from users, whether it’s through wearable fitness trackers or other sensors. This abundance of data has made it possible for AI models to learn and improve more quickly than ever before.

Public Accessibility

One of the biggest factors contributing to the growing popularity of AI is its increasing accessibility to the general public. In the past, AI models were often kept behind the walls of large tech companies or were difficult for individuals to learn and use on their own. However, in recent years, there has been an explosion of models that are available to the public and open-sourced.

This shift has changed the way the general public views AI. Instead of being fearful of it taking over the world, people are now using models like Stable Diffusion to create fun images to share with friends. Stable Diffusion is a text-to-image model that can generate all sorts of unique images.

The excitement around AI didn’t stop there. In November 2022, OpenAI released Chat GPT-3, a natural language processing model that can chat like a real person. This model was met with widespread amazement, with many people saying it was like talking to an actual human being. The release of Chat GPT-3 almost broke the internet as people rushed to try it out.

Model Comercialization

As soon as people realized the potential of these AI technologies, it didn’t take long for them to start thinking about how to use them to make money. Ideas came from all corners of the world, and it was clear that AI would disrupt many industries. One area where AI is making a big impact is content creation. With natural language processing models like Chat GPT-3, it’s now possible for content creators to create more and better quality content more efficiently. Just like the example in the image where Chat GPT-3 was asked to create a Youtube script about how AI will change content creation.

These models are also being used to build other software, such as writing improvement tools like Jasper. OpenAI’s API is publicly available and charges based on usage, so companies like Jasper can leverage the power of GPT-3 to improve their customer’s writing skills without incurring significant upfront costs. As their customer base grows, they’ll be charged for the service, making it a win-win for both parties.

AI Investments

To understand the final reason for the growing popularity of AI in 2022, it’s important to consider the significant amount of investment flowing into the industry. As we’ve seen, there has been a surge in adoption by the general population and opportunities to build on AI models, which has attracted investors looking to get a slice of the pie. As the chart shows, private investments in AI have steadily increased in recent years, but in 2021, they reached an all-time high of 93 billion dollars. These investments have undoubtedly contributed to the improvement of AI products and the marketing efforts surrounding them.

A new #AIIndex2022 is out now. This year, we worked with @StanfordHAI to share the latest #AI trends around private investment booms. Checkout "The State of AI in 9 Charts," https://t.co/HXPcw7eoqG.

Thanks to our own Julie Kim and Tejas Sirohi for contributing to the report. pic.twitter.com/rwDGfz90y4

— NetBase Quid (@NetBaseQuid) March 16, 2022

Conclusion

The combination of these factors has propelled Artificial Intelligence into the spotlight in 2022. With the advancement of this technology, increased accessibility, and funding to support it, it’s clear that the popularity of AI will continue to grow.