By Michael Dubois, Head of Corporate at VG Global Holdings

AI is hot right now and will continue to be so in the near-, medium, and long-term future, and there has never been a better time for an investor to be in the world of artificial intelligence than right now. AI is poised to transform every industry, and I wanted to take a quick look at how artificial intelligence is poised to fundamentally restructure broader swaths of our economy and society over the next decade with three predictions.

1. AI and ML to Transform Scientific Methods   

Important science like large-scale clinical trials or building particle colliders is both expensive and time-consuming, and many in the field are concerned that scientific progress is slowing down. AI and machine learning (ML) can accelerate the magnitude of improvement in what can be accomplished; there are numerous ideas that humans can computationally explore, and a broader set of ideas that humans with computers can address, but there is a much bigger set of ideas that humans with computers, plus AI, can tackle, since AI enables an unprecedented ability to analyse enormous data sets and computationally discover complex relationships and patterns – this can potentially unleash a new golden age of scientific discovery in the coming years.

2. AI to Enable Next-Gen Consumer Experience

Next-generation consumer experiences like the metaverse and the new technology of blockchains and cryptocurrencies have ignited much interest, and these experiences will be critically enabled by AI, especially the metaverse since humans lack the sort of perception needed to overlay digital objects on physical contexts, or to understand the range of human actions and their effects in a metaverse – an AI algorithm has the potential to learn much more quickly in a digital world. Blockchain technology, cryptocurrency and distributed finance, are all about integrating frictionless capitalism into the economy – the distributed applications and smart contracts which will require a deeper understanding of how capital activities interact with the real world are a thing for AI and ML to tackle.

3. AI To Enable Personalized Medicine

Personalized medicine has been an aspiration since the start of the industry, yet it still remains merely a hopeful ambition. For example, one exciting emerging application of AI involves synthesizing individualized therapies for patients, as well as using AI to one day synthesize and predict personalized treatment modalities in real-time without any clinical trials. Basically, AI is uniquely suited to construct and analyse “digital twin” rubrics of individual biology, and do so in the context of the communities an individual lives in. Considering that the human body is mind-boggling in its complexity, it is extremely difficult to know for sure how drugs work, as it is practically impossible to make sense of the massive datasets from an individual’s physiology, let alone the effects on individual health outcomes from environment, lifestyle and diet. AI solutions have the potential to massively affect all of that for the positive.