Raconteur has put together a new report on AI for Business, which forecasts $40.6 billion of AI revenue in eight years' time and addresses a number of uses of AI in different markets. This rings true with the thesis of the book The Second Machine Age, which argues that more lower level human mental work will start to be taken on by machines in the coming years. There is a lot of opportunity in this market, and it is one in which Europe has a strong competitive advantage.
ARTIFICIAL INTELLIGENCE FOR BUSINESS Cumulative worldwide spending on artificial intelligence (AI) will reach $40.6 billion by 2024. AI is on the verge of becoming a critical part of every business infrastructure, making it vital for company decision-makers to understand how this technology can, and will, disrupt traditional business models. This report examines the rise of virtual assistants, the role of AI in enhancing customer service and the challenge posed by AI algorithms which are set to transform the financial services sector. It also explores how the UK is gearing up for self-driving cars and the potential impact of AI on the NHS