New Delhi, Aug. 29 -- Artificial intelligence is expected to drive a sharp expansion in space technology, with the sector poised for an investment boom similar to the rapid growth seen in AI and attracting an estimated $100-200 billion in investments worldwide, according to an IEEE report.

The report identifies AI, energy, health, space and physical AI as five major technology megatrends and says the rapid adoption of AI is increasingly influencing developments beyond the technology sector.

The report was delivered by the IEEE Future Directions Committee's Industry Advisory Board in collaboration with the IEEE Santa Clara Valley Section, IEEE Computer Society and IEEE Industry Engagement.

According to the report, aggressive AI adoption...