The artificial intelligence industry is expected to grow by over 42% annually and reach a market value of $733 billion in 2027. All of the products and services that will be offered by the end of this decade will have at least one instance of artificial intelligence. If something is already evident, why not take advantage of it now and start making money from it?
Startups
Even though there are large companies in the market, they will not be able to solve all of the problems that will arise due to the lack of flexibility in the corporate structure. This is why it is essential that the various problems that are affecting the operations of these organizations are addressed. There is an abundance of opportunity in this area, as small and medium-sized enterprises can address these problems. Most of these companies operate in areas where artificial intelligence is already being used.
In addition to the healthcare industry, AI can also be used in other industries, such as finance and insurance. One of the most common ways to make money from startups is by investing in them. However, before you can start making money from a startup, you need to find a solution to a burning problem. This can be done by working with experts in the field. After identifying the right technology, the company’s management can then decide on its future revenue.
Trading Bots
One of the most promising areas of the AI industry is the development of automated trading systems. Due to the volume of data generated by cryptocurrency trading, many companies are currently working on developing systems that can accurately predict future market movements.
For instance, a startup known as b-cube.ai has developed AI trading bots that can be integrated into an existing account. These bots can perform various tasks, such as buying and selling, without human intervention. The AI engine aims to create predictive signals based on the historical market movement and the participants’ opinions. It can then provide consistent returns throughout the long run.
Contracting
Getting the necessary expertise and experience to work for a company that uses AI can be the easiest way to make money from startups. According to a study conducted by Indeed, the average salary for an artificial intelligence engineer was $146,085 in 2018.
Although the number of people working in the field of artificial intelligence varies depending on the country, we can agree that having the necessary skills won’t be useless.
The rise of the digital age has made it easy for people to work from anywhere. In addition, the pandemic has made the mainstream more accepting of freelance work.