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Inventions in 2023 :

Here are some of the most notable inventions from 2023:

Cionic Neural Sleeve: This device provides control for quadriplegics, making their lives easier.

Lancôme Hapta: A beauty product that offers stability.

Sony Access Controller for PS5: This gaming device is designed to be accessible for ai.

OpenAI GPT-4: This game-changing AI has made significant strides in technology.

Runway Gen-2: An inventive film editing tool.

AlertCalifornia and Cal Fire AI Wildfire Detector: This invention helps in stopping wildfires1.

Humane Ai Pin Apps & Software: This smartphone technology is rethinking the way we use our devices1.

Framework Laptop 16: A longer-lasting laptop for safety on the job.

Canon MS-500: The most powerful camera to date1.

Apple Watch Ultra 2: The most innovative smartwatch so far.

These inventions are changing how we live, work, play, and think about what’s possible. They represent the latest advancements in various fields such as artificial intelligence, biotechnology, climate change, computing, cybersecurity, space science, and more.

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AI(Arificial Intelligence) : growth,devolopment and starups:

 Artificial Intelligence (AI) has been one of the fastest-growing technologies in recent years. According to a report by Grand View Research, the AI market is already worth $136.55 billion and is expected to grow at a CAGR of 37.3% from 2023 to 2030 . Another report by Marketsandmarkets predicts that the AI market will be worth $1.35 trillion by 2030 .

AI has already made significant contributions to the global economy. It is estimated that by 2030, AI will contribute $15.7 trillion to the global GDP . In 2020, around 4.2 billion devices carried AI-powered voice assistants, and this number is projected to double to 8.4 billion by 2024 .

AI has also made significant strides in terms of its capabilities. For instance, AI systems like DALL-E and PaLM can produce photorealistic images and interpret and generate language . The chart below shows how AI performance has evolved over the years in various domains, from handwriting recognition to language understanding ...

Artificial intelligence in INDIA : :-

Artificial Intelligence (AI) has been a rapidly growing technology in India. According to a report by NITI Aayog, the National Strategy on Artificial Intelligence (NSAI) released in 2018 highlights the potential of AI to solve social challenges faced by its citizens in areas such as agriculture, health, and education, in addition to the pure economic returns that are brought by this technology . India is the third-largest talent pool for AI talent in the world, with investments in India’s AI capabilities growing at a CAGR of 30.8% and expected to touch $881 Mn in 2023 .

The State of AI in India 2022 report by Analytics India Magazine presents a comprehensive overview of the State of AI in India. It highlights that AI has evolved to become a key driver of Industrial Revolution 4.0. India has a significant stake in the development of AI, with its potential being progressively unleashed in terms of investments, talent, and growing market size .

Closer to home, India has enormous potential for an artificial intelligence revolution. The country has a conducive environment for AI to flourish, being an IT powerhouse and the second-largest online market in the world .

AI has already made significant contributions to the global economy. It is estimated that by 2030, AI will contribute $15.7 trillion to the global GDP .

AI has also made significant strides in terms of its capabilities. For instance, AI systems like DALL-E and PaLM can produce photorealistic images and interpret and generate language . The chart below shows how AI performance has evolved over the years in various domains, from handwriting recognition to language understanding .

What are some AI startups in India?

India has a thriving ecosystem of Artificial Intelligence (AI) startups. According to a report by Analytics India Magazine, here are some of the top AI startups in India in 2022:

SigTuple : A Bengaluru-based startup that uses AI and machine learning to develop medical diagnostic solutions.

Manthan : An AI-based analytics company that provides prescriptive and descriptive analytics for users, grow customer engagement, and recommend actions.

Haptik : A conversational AI platform that provides chatbots and voice assistants for businesses.

Flutura : An AI platform that provides predictive maintenance and asset performance management solutions for industrial IoT.

Uncanny Vision : An AI-based video analytics platform that provides surveillance and security solutions.

Arya.ai : An AI platform that provides deep learning algorithms for businesses.

Bash.ai : An AI-based chatbot platform that provides customer support and engagement solutions.

Niki.ai : An AI-based chatbot platform that provides e-commerce solutions.

These are just a few examples of the many AI startups in India that are making significant contributions to the global economy and driving innovation in various industries.

                                                                                                      .....Written by Nilanjan.