The Rise of AI: Navigating the $593 Billion Industry

Published On Mon Feb 10 2025
The Rise of AI: Navigating the $593 Billion Industry

The $593 Billion AI Meltdown. How a Chinese AI Startup Shook ...

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I was attending a lecture in the Vikram Sarabhai Auditorium at Space Applications Centre (SAC, ISRO Ahmedabad) about four years ago (long before COVID) when the esteemed speaker Dr. … (sorry, I forgot his name, I’m bad at remembering names, as you know) enlightened us about AI advancements. He raised serious concerns about AI coming to snatch our jobs.

He gave two specific examples — one where an AI program named ROSS, trained in law, was winning cases better than the finest, high-paid lawyers in the United States, and another where IBM Watson for Oncology was accurately predicting early-stage cancer long before it actually developed. IBM Watson for Oncology

As someone who had spent years tinkering with circuits without diving too deep into software, I was worried. Not because AI was coming for my ISRO job — hell no! AI still had a long way to go before it could replace the fine art of jugaad we engineers master so well. (Or maybe, just maybe, one day, I’ll get a call from my ISRO friends saying, “Bro, AI just took my job.” Who knows? Life is unpredictable, and so is AI. Never be too overconfident.)

But my real concern was that I didn’t understand anything about this fascinating thing called AI… IBM pitched Watson as a revolution in cancer care. It's nowhere close

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Dr. Jiten Bhatt | Authorpreneur | Entrepreneur | Electronics Engineer | Former ISRO Scientist Sharing life’s lessons with a laugh. Learn more: jitenhbhatt.com