Narrator: With a market value of $60 billion by 2025,
Gen AI will account for 30%
of the total addressable AI markets.
And Gen AI startups have received $20 billion in funding
in the last three years,
five times more than the previous three years.
Gen AI is not the future.
It is already here.
Tools like ChatGPT reached one million users
in just five days.
It is clear that AI is maturing at a very rapid pace.
(gentle music)
But can AI also impact the society?
For sure!
Let's understand how AI can be harnessed
to address some of South Africa's most pressing challenges,
from healthcare to education
and financial inclusion to agriculture.
With its many possibilities,
AI could be the healing touch for the healthcare sector.
It can function as an assistant,
transcribing and summarizing each consultation,
support personalized diagnosis for patients,
and serve as a 24/7 health education resource,
disseminating alerts regularly and in multiple languages.
AI's impact on education is quite promising too.
It can help curate curricular, assist teachers
in planning classes, simplify complex ideas,
and develop personalized learning plans
based on a student's strengths and weaknesses.
From closing gaps in education
to building bridges to enhance financial inclusion,
AI can unlock many possibilities.
Through intuitive interfaces,
AI can make financial services
more accessible for customers,
personalize recommendations,
and simplify complex legal documents in multiple languages
for the underbanked population.
AI can also be harnessed to sow the seeds
for a thriving agricultural sector.
It can empower farmers with data analysis
to optimize farming practices for increased sustainability,
monitor crop health through efficient disease detection,
and via refined credit scoring methods,
expand financial access for smallhold farmers.
As you can see, AI can be a real game-changer
that can result in a transformative societal effect
for the benefit of all people in South Africa.
(gentle music)