Artificial Intelligence to balloon to a 70 billion industry in 4 years

Given the pace of how technology is changing and developing these days, what can only be considered as science fiction in the past could become a reality in the next decade. The artificial intelligence or AI is projected to balloon to a 70 billion industry by 2020, according to an IDC research, cited by the Bank of America as reported by Fortune. That is a significant milestone coming from the 8.2 billion industry value in 2013. AI is already being used in data analytics and web search systems, and driverless cars and service robots are also under development. With that, the future where AI will be changing people's everyday life doesn't seem that distant. Speaking to a crowd of tech leaders at a conference hosted last week by Recode, an online publication, Tesla Motors and SpaceX CEO Elon Musk said that AI and machines have the potential to be so sophisticated that humans may need to be injected with "neural laces" that would link them to the computers so they could keep up with them.