A report published by Europe’s largest sustainable investor reveals that startups harnessing AI for the Built World are growing at a rapid pace. AI is currently the word on everyone’s lips right now, and new advancements in AI technology have emerged in 2023. AI is the ability of a machine to perform cognitive functions as humans do, such as perceiving, learning, reasoning and solving problems. AI has a wide range of potential uses, from advanced web search engines and recommendation systems to self-driving vehicles and automated decision-making systems. The AI software market’s global annual revenue is currently over $50 billion, and is expected to reach $301.2 billion by 2028, growing at 29.4 per cent CAGR. One new AI programme, ChatGPT, has attracted significant attention.
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