WEBVTT

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<v Narrator>With a market value of $60 billion by 2025,</v>

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Gen AI will account for 30%

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of the total addressable AI markets.

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And Gen AI startups have received $20 billion in funding

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in the last three years,

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five times more than the previous three years.

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Gen AI is not the future.

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It is already here.

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Tools like ChatGPT reached one million users

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in just five days.

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It is clear that AI is maturing at a very rapid pace.

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(gentle music)

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But can AI also impact the society?

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For sure!

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Let's understand how AI can be harnessed

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to address some of South Africa's most pressing challenges,

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from healthcare to education

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and financial inclusion to agriculture.

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With its many possibilities,

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AI could be the healing touch for the healthcare sector.

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It can function as an assistant,

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transcribing and summarizing each consultation,

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support personalized diagnosis for patients,

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and serve as a 24/7 health education resource,

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disseminating alerts regularly and in multiple languages.

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AI's impact on education is quite promising too.

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It can help curate curricular, assist teachers

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in planning classes, simplify complex ideas,

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and develop personalized learning plans

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based on a student's strengths and weaknesses.

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From closing gaps in education

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to building bridges to enhance financial inclusion,

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AI can unlock many possibilities.

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Through intuitive interfaces,

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AI can make financial services

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more accessible for customers,

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personalize recommendations,

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and simplify complex legal documents in multiple languages

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for the underbanked population.

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AI can also be harnessed to sow the seeds

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for a thriving agricultural sector.

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It can empower farmers with data analysis

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to optimize farming practices for increased sustainability,

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monitor crop health through efficient disease detection,

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and via refined credit scoring methods,

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expand financial access for smallhold farmers.

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As you can see, AI can be a real game-changer

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that can result in a transformative societal effect

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for the benefit of all people in South Africa.

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(gentle music)