Wooden sister: Artificial intelligence will increase 14 times in the next 8 years!

1. Companies will spend more than $14 trillion on AI software

In their report, ARK analyzed that AI will be a significant part of the company's productivity in the future, estimating that the annual spending on AI software will likely grow at a compound annual growth rate of 42%.

Total spending will grow from less than $1 trillion today to $14 trillion by 2030. That would boost IT spending by 20% a year to more than $20 trillion, four times today's $5 trillion.

2. Artificial intelligence software will increase knowledge worker productivity by 140%

According to ARK's research, ai software could increase the productivity of the average knowledge worker by 140% over the next eight years, which they predict will increase the value of human resources by $50,000 per person, an estimated $56 trillion worth of human resources globally.

In ARK's analysis, the salary of those who understand AI will rise faster, with an estimated annual increase of 15 percent, compared with 2.7 percent for the average person.

They also emphasize that AI will reduce the total demand for human labor. Instead, ARTIFICIAL intelligence will skyrocket demand from creators.

3. The working cycle will be further shortened

ARK researchers are excited about Open AI's recently launched Codex automated programming tool, citing studies that suggest AI can automate up to 30% of programming tasks, and that more tools like Codex may take over fixed process tasks in every field.

4. Artificial intelligence will make these careers hugely valuable

ARK makes a different judgment here -- the more occupations AI automates, the more human productivity will be amplified.

They estimated the value of productivity gains based on the extent to which various tasks could be automated by AI, with different occupations seeing productivity increases of up to four times with the use of AI for things like lawyers and office assistants.

5. There will be more automation than anyone can imagine

McKinsey once predicted that ai could automate 15 percent of all work tasks by 2030.

However, the trend is much steeper, according to ARK. Because the training rate of hardware, training methods, and neural networks is accelerating, ai training costs are falling by about 60% a year, which could break down barriers for many exciting large-scale model projects.

ARK believes that allocating more human and financial capital to AI projects will continue to accelerate the pace of innovation and enable the automation trend to arrive faster.

6. Embrace AI is the way forward

At the end of the report, ARK fund mentioned that the return on investment of ARTIFICIAL intelligence software is becoming more and more clear. They judged that artificial intelligence tools can double the productivity of engineers, and the introduction of artificial intelligence will be the trend!

According to Gartner, global IT spending as a percentage of GDP will be around 4-5% between 2012 and 2021, and will skyrocket as the AI industry explodes.

If AI software companies generate revenues at a growth rate of $14 trillion a year, with a cash flow yield of about 30%, AI software could create over $80 trillion in value, which would be six times the $13 trillion created by the Internet!

ARK's prediction is basically consistent with ours. The argument that ARTIFICIAL intelligence will magnify traditional occupations deserves attention, but it must be reminded that ARK's prediction has always been quite aggressive.

For example, the prediction of 10-fold growth in the artificial intelligence industry in 8 years is too optimistic, and many future predictions are based on personal assumptions of analysts, with a certain degree of randomness.