Saturday, April 8, 2023

Artificial intelligence has advanced despite having few resources dedicated to its development – now investments have increased substantially - Max Roser, Our World in Data

Artificial intelligence (AI) technology has steadily become more powerful over the course of the last decades and in recent years it has entered our world in many different domains. In a companion article – the brief history of artificial intelligence – I document this development. This was achieved despite having relatively few resources. Until recently, investments in terms of capital and scientific efforts were small. In this article I highlight that this has very much changed in recent years. Corporate investment has increased and the scientific field has grown in size. Given how rapidly AI developed in the past, despite the limited resources, this should make us expect AI technology to continue to become more powerful in the coming decades.