AI and ML provide a wide variety of benefits to both businesses and consumers. Some common benefits for businesses using AI and ML include the ability to quickly analyze large amounts of data to produce actionable insights, increased return on investment (ROI) for associated services due to decreased labor costs, and improved customer satisfaction.
While consumers can expect more personalized services, businesses can expect reduced costs and higher operational efficiency. The global market for AI is expected to increase exponentially in the coming years.
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