Top AI Trends of 2020

A report by research firm IDC in September said global spending for AI systems will reach $97.9 billion in 2023, a staggering increase from the projected $37.5 billion that will be spent this year. That means the annual growth rate will be 28.4 percent over the next several years. That's not surprising as BigTech is primed to increase their monopoly status in the 2020s with AI leadership that will boost GDP via machine learning with the emergence of an automation economy. Over the last few years, we have seen an exponential upthrust in the number of platforms, applications, and tools based on machine learning and AI technologies. We are seeing greater mainstream impact of algorithms, and machine learning in regular jobs across a variety of industries.