Recent progress in machine learning on the back of improved algorithms such as OpenAI’s GPT-4 and increasing computing power have made it possible for AI to solve real-life problems. In the coming decade, the country that emerges on top in AI will lead the Fourth Industrial Revolution.

Despite the hype, artificial general intelligence is still decades away. However, ‘good enough’ AI is already here, capable of interacting with humans, motion, and making decisions. For example, ChatGPT can write original prose and chat with human fluency and DeepMind's algorithms can beat the best human chess players. If this evolution continues, it could upend the labour-based capitalist economic model.

In our next issue, we dive into the current hype around AI, and find out how recent progress in AI technologies will impact businesses across different sectors in the coming years.