Artificial Intelligence (AI) has been evolving for over 75 years, starting with Alan Turing’s groundbreaking work in 1950 and the coining of the term “AI” in 1956. Its major breakthrough came in 1997 when IBM’s Deep Blue defeated chess champion Garry Kasparov, demonstrating AI’s potential. Today, with the release of ChatGPT in 2022, AI has reached new heights, processing massive amounts of data with models like GPT-4, which relies on 1.7 trillion inputs, and the upcoming GPT-5, expected to be 122 times more powerful. As AI continues to grow, the amount of data generated globally has reached 147 zettabytes—75 times the grains of sand on Earth. The progression from analytical AI to machine learning and generative AI has revolutionized industries, and the next step, Artificial General Intelligence (AGI), aims to replicate human reasoning.

AI’s adoption has moved rapidly from niche markets to the mainstream, with platforms like ChatGPT reaching 100 million users in just two months, faster than platforms like TikTok and Instagram. Yet, despite widespread use, many are unaware they are interacting with AI—77% of people use it, but only 33% realize it. AI is already a valuable tool for consumers, assisting with tasks such as email management and travel planning. Businesses use AI for customer service, fraud detection, inventory management, and content production. The technology’s economic potential is immense; AI is expected to boost global productivity by 40% by 2035 and could generate $15.7 trillion in revenue by 2030, contributing to a 17% rise in global GDP.

However, with these opportunities come risks, including misinformation, privacy concerns, and even the possibility of superintelligent AI acting against human interests. While AI may eliminate 85 million jobs by 2025, it’s predicted to create 97 million new ones, leading to a net job gain. The key to navigating these changes lies in AI’s ability to augment, rather than replace, human workers. Businesses can either benefit from AI or be disrupted, with those who adopt the technology seeing significant competitive advantages.

AI is also transforming various sectors. In healthcare, it accelerates drug discovery and personalizes treatment plans. In transportation, over 54 million semi-automated cars are expected on the roads by 2024. In agriculture, AI helps optimize planting schedules and crop management. As AI continues to evolve, it’s expected to drive further innovation, including inference computing, multimodal inputs, and agentic AI—autonomous systems capable of decision-making.

However, the energy consumption required to power AI systems is a growing concern, with AI accounting for 1% of U.S. energy usage today, potentially rising to 3% in the next decade. This highlights the need for sustainable energy solutions.

In conclusion, AI is set to revolutionize industries, enhance productivity, and fuel economic growth, but its risks must be carefully managed. As AI becomes increasingly integrated into daily life, both individuals and businesses must adapt to harness its full potential responsibly. Whether through enhancing personal productivity or transforming entire industries, AI’s impact will continue to grow in the coming years.

Surprises await! Did you perceive that the preceding article was written by artificial intelligence? Giving credit to where it’s due, our webinar notes were quickly compiled and summarized in article form by Chat GPT. Everything above, except for this final paragraph, was authored by AI. The new frontier of artificial intelligence is upon us. As investors, this is why we remain well-diversified. Like the adoption of computers into every business sector, AI’s far-reaching potential can promote progress in yet unimaginable ways. The tip of the AI iceberg is just coming into view.