According to Statista the global artificial intelligence software market is predicted to rise from 9.5 billion U.S dollars to 118.6 billion by 2025 The growth rate is exponential. Much of this growth is due to the growth in games and entertainment systems.
IBM produced a horror movie trailer called Morgan using artificial intelligence. In order to come up with the list of spectacular moments for the trailer, the research team trained the AI system on scenes from 100 horror movies, which were later analyzed on the basis of their visual and audio effects.
Predicting user’s preferences and potential choices is a vital part of NetFlix's business model. All thanks to the deep learning algorithm of Machine Learning which helps in identifying users choices and preferences and accordingly show content recommendations.
As per the 2017 Global Entertainment and Media Outlook, virtual reality (VR) is predicted to be the fastest-growing segment in the entertainment and media space.
It further states that 68 million VR headsets will be used in the US within the next 3 years, thereby increasing the VR content revenue to $5.0 billion.