Demand for AI tech grows 500% in 12 months

Indeed, over the last year, there has been an exceptional increase in the desire for technology globally.

Specifically, data gathered by Finbold indicates that the global interest in the keyword 'How to use AI' on Google Trends skyrocketed by 507% between August 2022 to August 2023. By the week ending on July 30, 2023, the keyword had garnered a popularity score of 85, contrasting with the value of 14 observed in the week ending on August 14, 2022. Notably, the peak popularity score of 100 was achieved during the June 11, 2023, week.

In the context of regional prominence, Singapore ranks top with a popularity score of 100, followed by Nigeria at 96. Meanwhile, China claims the third position with a score of 92. Occupying the fourth spot is Myanmar, with a popularity score of 86, while Ghana secured the fifth position with a score of 78.

Other top countries showing interest in AI include Lebanon (66), Pakistan (63), Ethiopia (61), Australia (60), and Kenya (60).

AI’s growth potential

The research report highlighted the basic driver in the demand for AI. According to the research report:

"The paramount allure of AI lies in its scalability, offering virtually boundless potential. Improved algorithms, increased computational power, and a wealth of data have converged to enable AI systems to evolve from novelties into sophisticated tools that can potentially tackle complex problems, optimise processes, and enhance decision-making."

Overall, the rapid increase in AI demand comes with challenges like ethical worries about biased content, job loss, and responsible use. Society's ability to address these issues will shape how AI's potential benefits are realised as it evolves.