Who knew that smartphone would be a huge revolution in this century and many other innovations that have sprung up in the last years, like NFT, Metaverse, and AI which is the new trend.
The idea of smartphones and electric cars seemed like a pipe dream some 20 years ago, but today we have nearly 6.92 billion people which is about 86.4% of the global population now have personal smartphones. In the energy sector, governments around the world are now investing more in green energy, therefore encouraging the use of electric cars and reducing the use of combustible engines.
Here are some of the technological developments which are looking promising and might be the next big thing in the next few years.
Generative Artificial Intelligence: Artificial intelligence has been making waves in the news and all over social media recently, and many artificial intelligence software is slowly being integrated into daily life activities than before. For example, ChatGPT is being used to rewrite curriculums and also being used to write publications. However, this is little compared to what is to come, AI has not reached its peak in terms of prominence, and other aspects of this particular area are underdeveloped.
4 Technologies That Will Blow Up In The Next 20 Years
Artificial intelligence startups like RAD AI are using generative artificial intelligence to create and improve the efficiency of marketing campaigns using the world’s first AI marketing platform built to understand emotions.
RAD AI is raising investment from startup investment platforms like Wefunder and has raised over $2.5 million from everyday investors.
Meanwhile, other types of generative AI examples also include programs that can generate images, paintings, drawings, text-to-speech, and full videos using AI.
Commercial Space Exploration: 2021 saw the rise of commercial space exploration when startup founders like Jeff Bezos backed Blue Origin LLC and Elon Musk’s Space Exploration Technologies Corp. (SpaceX) successfully initiated commercial space travel, also backed by billionaire Richard Branson, Virgin Galactic launched the first fully crewed flight to the edge of space in July 2021.
Startups are now implementing plans geared towards launching commercial space travel by 2024, however, due to the recent recession concerns and supply chain issues, nothing has been done and many companies have had to delay their schedules by a year at least to survive the macroeconomic challenges.
Commercial space travel is currently only accessible to individuals with high net worth, with the price set at almost $500,000 per traveler. This price is not fixed and is expected to still drop in the next 20 years, as more companies develop sustainable space stations and other infrastructure.
Carbon Neutral Energy: Over the past few years, the energy space has seen many of the policies being developed by national bodies and private organizations tilting towards carbon-neutral energy. Several countries have made pledges to put an end to the use of fossil fuel emissions which would help eradicate carbon footprints on the earth by 2050 but due to the prolonged Russia-Ukraine war, the timeline slated for the plan may have been disrupted.
Several other energy solutions like Solar, Wind, and geothermal energy are set to lead the charge in this new phase, and hydrogen as an alternative source of energy already reaching its peak. Carbon-neutral energy has huge benefits to the agriculture, manufacturing, and transportation industries when applied. For example, Electric Hydrogen, a Boston-based startup, producing green hydrogen from water, raised $198 million in Series B funding last June.
Although green hydrogen production doesn’t come cheaply, but scientists worldwide are now sourcing for ways to commercially produce carbon-neutral hydrogen. Norwegian fuel cell company Nel ASA, the world’s largest manufacturer of electrolyzers, are projecting that green hydrogen production would soon cost less than or equivalent to fossil fuel production by early 2025.