API

The Crucial Need to Control AI in the Multi-Trillion-Dollar API Market

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Application programming interfaces (APIs) power the modern internet, including most websites, mobile apps, and IoT devices we use. This phenomenon, often referred to as the “API economy,” is projected to have a total market value of $14.2 trillion by 2027. How AI integration changed the API landscapeVarious kinds of AI have been here for a while, but it’s generative AI (and LLMs) that completely changed the risk landscape. Many AI companies use the benefits of API technologies to bring their products to every home and workplace. Various kinds of AI have been here for a while, but it’s generative AI (and large language models [LLMs]) that completely changed the risk landscape.