The term “AI boom” refers to the rapid growth and advancement of artificial intelligence technology. This boom has been characterized by significant progress in machine learning algorithms, increased computing power, and the availability of large datasets. It has led to AI being applied in various domains like healthcare, finance, transportation, entertainment, and many others.
The AI boom has sparked a lot of interest from both the public and private sectors, resulting in increased investment and development. However, it also raises ethical and societal questions around issues like job displacement, data privacy, and algorithmic bias.
Because of the rapid pace of development, there’s a need for thoughtful regulation and governance to ensure that AI technologies are deployed responsibly and equitably.