• AI is helping in the growth of the world’s economy, and is expected to add US$15.7T to the world’s GDP by 2030.
• In order for AI to continue growing and helping with the growth of the world’s economy, open source project play a pivotal role
• Open source AI projects are important as they democratize access while fostering innovation, making AI more diverse and dynamic.

In the fast-paced world of technology, artificial intelligence (AI) has emerged as a transformative force, driving innovation and reshaping industries across the globe. It is growing at an unprecedented rate and is expected to reach a market size of US$190.61B by 2025, at a CAGR of 36.62%.

It is also rapidly helping in the growth of the world’s GDP. It is expected to add US$15.7T to the world’s GDP by 2030, boosting it by 14%. There is virtually no industry that would not have been impacted by AI. As a cloud service provider to AI companies, Aethir is an infrastructure piece helping in the driving of this growth.

In order for AI to continue growing and helping with the growth of the world’s economy, one of the key factors that would play a pivotal role is the open-source community. Supporting this community is imperative for businesses, researchers, and society at large.

Importance of Open Source Projects

Democratizing AI: Open source AI projects democratize access to AI technologies, leveling the playing field for small companies, startups, and individuals. Through making AI tools and resources freely available, the open source community empowers a broader range of people and organizations to harness the potential of AI. As a decentralized cloud infrastructure (DCI) provider, democratization access to AI is embedded in Aethir’s DNA. As a result of that, companies that use Aethir’s network not only get access to the scarce GPU resources, but do so at a significantly lower cost compared to incumbents.

Accelerating Innovation: Open source AI projects are hubs of innovation. They provide a platform for collaboration among AI experts, researchers, and developers from diverse backgrounds. The collaborative nature of open source communities leads to faster progress and breakthroughs in AI research and development. This rapid pace of innovation benefits everyone, as it drives the creation of more advanced and capable AI systems.

Transparency and Accountability: Transparency is a cornerstone of open source software development. Open source AI projects promote transparency in AI algorithms and models. This transparency is essential for building trust in AI systems and ensuring accountability. It allows researchers and developers to scrutinize and improve AI technologies, making them safer, fairer, and more reliable.

Cost-Efficiency: Embracing open source AI can significantly reduce the cost of AI development. Businesses can leverage open source tools and libraries to build AI solutions without incurring exorbitant licensing fees. This cost-efficiency makes AI more accessible to a wider range of organizations, particularly those with limited resources.

Ethical AI Development: Ethical considerations are paramount in AI development. Open source AI communities often place a strong emphasis on ethical AI practices. This encourages the development of AI technologies that prioritize fairness, inclusivity, and ethical use, helping to mitigate potential harms associated with AI.

Adaptability and Customization: Open source AI tools and frameworks offer adaptability and customization options that are crucial for tailoring AI solutions to specific needs. Businesses can modify and extend open source AI software to suit their unique requirements, enabling them to stay ahead in the competitive AI landscape.

International Collaboration: Open source AI projects attract contributors from around the world. This international collaboration fosters diverse perspectives and a global outlook in AI development. It also promotes cross-cultural understanding and cooperation, which are essential in addressing global challenges through AI.

Conclusion

The open source AI community is a driving force behind the AI revolution, making AI accessible, accountable, and adaptable for a wide range of stakeholders. Through supporting this community, there is democratization of AI, which leads to benefits such as acceleration in innovation, and promotion of ethical AI practices. In order for AI to continue growing and boosting the world economy, collaboration of information between projects is paramount, creating a demand for open source projects.

Photo by Google DeepMind on Unsplash