Artificial Intelligence has reinforced many businesses and helped boost companies’ productivity. This is the matter discussed at Web Summit 2024―the AI’s positive impact on business and its ways of application. However, AI development has promoted new trends that bring new opportunities and challenges. Sergey Tokarev, co-founder and partner at Roosh Ventures, commented on the current impact of AI and its future.
Undoubtedly, AI is no longer just a buzzword. Sergey Tokarev underlies it is steadily becoming a core part of our everyday lives and the way businesses operate.
“AI will become commonplace. Web Summit proves it, and makes one thing abundantly clear—AI is transitioning from a trend to a fundamental aspect of how we work, innovate, and live. This transformation is not just on the horizon; it is happening now,” says the entrepreneur.
Current Trends in AI Development
AI has become an excellent tool for enhancing business processes and reducing costs. Sergey Tokarev notes that organizations and companies are also integrating AI into science, sustainable development, ecology, and creative pursuits.
- AI is revolutionizing science by accelerating breakthroughs in genomics, drug discovery, climate science, and experimental design. It enhances data analysis, optimizes experimental workflows, etc.
- AI plays a crucial role in advancing sustainable development by optimizing resource use, supporting biodiversity conservation, and enabling precision farming.
- AI helps improve the accuracy of climate models and enables swift responses to environmental changes, making it a vital tool for advancing research and solving complex global challenges.
However, according to Sergey Tokarev, new opportunities also bring new challenges—an increase in the need for cybersecurity and specialists in this area.
“Cybersecurity and cyber hygiene will become the new normal for everyone in their personal lives and a necessity for companies. We must realize this, accept it, and start implementing it in our daily lives and businesses,” adds Tokarev.
The Future of AI: Where Are We Headed?
Sergey Tokarev believes that AI-powered tools are becoming household names. Millions use ChatGPT to learn new skills, streamline communication, or even draft heartfelt letters. Generative AI apps that create art, music, and code from simple prompts are drawing users of all ages.
The World Economic Forum predicts that AI will create 97 million new jobs globally by 2025. However, this technological shift will also lead to the displacement of 85 million existing roles, as AI automates tasks in industries like customer service and trucking.
“AI is transforming the job market, reshaping some professions while creating millions of new ones. We understand this, that’s why we founded SET University in Ukraine—to provide innovative higher education for future leaders of the technology industry,” comments Tokarev.
The future promises AI-driven educational tools tailored to individual learning styles and healthcare applications offering personalized advice. AI is poised to become an invisible yet indispensable companion in daily life.