Finance, Industry Giants Are Increasingly Investing In Artificial Intelligence

This year, the company also plans to hire more programmers for its AI projects. Other prominent users, the Journal noted, ranged from industrial giant General Electric and health provider Massachusetts General Hospital to financial institutions such as Fannie Mae or Mastercard. AI, company officials said, quickly completes routine jobs and enables human employees to conduct other business. In coming years, however, its capabilities will allow it to spot trends and aid in making decisions with less and less reliance on programmers. An October report from International Data Corp. predicted that the global AI market would increase from $8 billion in 2016 to more than $47 billion in 2020.