Why is it important?
AI is used in virtually every area of our society
AI can help us tackle some of the most pressing challenges facing our society:
- climate change
- health and wellbeing
- sustainable cities
- food production
- wildlife preservation
The global AI market is expected to grow from roughly $10 billion in 2018 to $126 billion by 2025 and contribute up to $15.7 trillion per year to the global economy by 2030.
The economic impacts of AI could actually be over $50 trillion in 20 years leading to transformative forces and changes with significant socio-economic implications (source).
Research in AI must address important ethical, security and privacy issues.
The 4 pillars of the Applied AI Institute
High-impact projects grounded in societal and economic needs.
Nascent research-driven ideas from the ground up.
Innovative technologies for all AI-related research areas at the university.
Ethical and secure frameworks for the ideas and technology in development.
Training for the next generation to succeed in the rapidly evolving field of artificial intelligence.
Partner with external governmental, industrial and academic institutions.