The 5G revolution began in 2016. In the last seven years, this technology has been meeting the growing needs of many different sectors, from storage facilities and ports to factories and smart cities. With technologies like cloud and edge computing, and IoT maturing at a fast pace, 5G is anticipated to play a vital part in Industry 4.0. 60% of communications services providers (CSPs) would provide commercialized multi-regional 5G services in 2024, almost matching the adoption rates of LTE and 4G. The 5G industry has created 22.8 million jobs so far. PWC’s 5G technology report has forecasted a $1.3 trillion addition to the global GDP by 2030.  For companies exploring new opportunities in 2024, kick-starting with 5G technology could amplify the benefits of working with new-gen digitally connected technologies such as artificial intelligence (AI), blockchain, Web 3.0, and the internet of things (IoT).

Table: Wireless Infrastructure Revenue Forecast, Worldwide, 2018-2021 (Millions of Dollars)

5G is driving global growth with $13.1 Trillion global economic output and 22.8 Million new jobs created
along with $265B global 5G CAPEX and R&D annually over the next 15 years.

What is “5G”?

5G refers to the fifth generation of mobile networks. After 1G,2G, 3G, and 4G networks, this is the next generation of wireless technology. With the advent of 5G, a new type of network is possible, one that may theoretically link up any machines, objects, and gadgets.

According to Ericsson’s “5G: The Next Wave” report, 5G adoption is inflation-resilient. 510 million smartphone users could upgrade to a 5G subscription; 80% of 5G users not returning to 4G usage. Despite the lightning speed of adoption, only 70% of 5G users are satisfied with the service availability and customer experience. Increasing 5G connectivity coverage can quadruple customer service compared to the existing 4G infrastructure.

Multi-gigabit per second (Gbps) peak data rates, ultra-low latency, enhanced dependability, huge network capacity, more availability, and a more consistent user experience are all goals of 5G wireless technology. New user experiences and industry connections are made possible by increased performance and efficiency.

Below is a survey by Deloitte depicting 5G capability.

What fundamental technologies underpin 5G networks?

5G is based on OFDM (Orthogonal frequency-division multiplexing), a way of modulating a digital transmission across several distinct channels to decrease interference. 5G employs the 5G NR air interface and the OFDM underlying technology. Sub-6 GHz and mmWave are only two examples of the higher bandwidth technologies used by 5G. 5G OFDM is a mobile networking standard that builds on the success of 4G LTE. However, the new 5G NR air interface may further augment OFDM to give a considerably higher degree of flexibility and scalability.

5G will increase bandwidth by using more of the available spectrum, from the current sub-3 GHz used by 4G up to 100 GHz and beyond. Both sub-6 GHz and mmWave frequencies can support 5G’s operation, giving users access to the technology’s extraordinary capacity, multi-Gbps speed, and low latency. In addition to improving upon the mobile broadband services offered created can branch out into uncharted service territories, such as providing mission-critical communications and linking the vast Internet of Things. This is made possible by many cutting-edge approaches to designing the air interface for 5G NR, such as a novel self-contained TDD subframe layout.

The 5G Transition

• First generation (1G): This technology was established in the 1980s and was the standard used for analog telephony.
• Second-generation (2G) networks typically take 40 minutes to download a 30 MB file.
  It followed the 1G standard and made it possible for digital communications to be sent across cellular networks in the 1990s.
• Third generation (3G); a 30 MB file typically takes 1 minute to download)
  This technology, first seen in the 2000s, is often credited for ushering in the era of widespread smartphone internet access.
• Fourth-generation (4G) networks allow users to download a 30 MB file in around 8 seconds.  Faster mobile data connectivity, via 4G Long Term Evolution (LTE), emerged in the next decade.

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5G services

Increased mobile broadband, vital communications, and the vast Internet of Things are the three primary use cases for 5G networks. One of 5G’s defining features is its potential to enable future services that are now hypothetical.

Faster Mobile Internet
The faster, more consistent data rates, reduced latency, and cheaper cost-per-bit of 5G mobile technology will not only make our devices better but will also bring in new immersive experiences like VR and AR.

Critical communications 
With ultra-reliable, accessible, low-latency networks, 5G will enable new services that can alter sectors, such as remote control of key infrastructure, automobiles, and medical operations.

Cheap connection options
With the capacity to scale down data speeds, power, and mobility, Massive IoT 5G aims to link a large number of embedded sensors in nearly every object in a seamless manner, all while delivering incredibly slim and cheap connection options.

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Here are The Top 15 key trends in the intersection of AI and 5G technology:

There will be exponential growth in the amount of data produced by 5G networks. Data scientists will be in short supply in the United States alone by the time the year 2030 rolls around, according to studies. The sheer volume of information that 5G can ingest is overwhelming for human beings. Artificial intelligence (AI) is a potential solution for closing this gap.

1. Network Optimization and Management: AI is being used to optimize 5G networks, automatically adjusting network parameters to improve efficiency, reduce latency, and enhance overall network performance. This includes intelligent traffic routing, load balancing, and spectrum management.
2. Edge Computing: AI-driven edge computing in 5G networks allows faster data processing and real-time decision-making. This is crucial for applications like autonomous vehicles, smart cities, and IoT devices that require low latency and high bandwidth.
3. Network Security: AI enhances security in 5G networks by continuously monitoring network traffic for anomalies and potential threats. It can quickly identify and mitigate security breaches and DDoS attacks.
4. Network Slicing: AI enables dynamic network slicing, allowing operators to create virtualized network segments tailored to specific applications or services. This flexibility is essential for providing the diverse connectivity needs of different use cases.
5. Quality of Service (QoS) Improvements: AI-driven analytics can optimize QoS by monitoring network performance in real-time and dynamically allocating resources to ensure consistent and reliable service for applications and devices.
6. Predictive Maintenance: AI is used to predict and prevent network equipment failures, reducing downtime and maintenance costs for 5G infrastructure.
7. AI-Powered IoT and Smart Devices: 5G enables the proliferation of IoT devices. AI helps manage and analyze the vast amounts of data generated by these devices, improving their functionality and usefulness.
8. Network Planning and Design: AI assists in the planning and design of 5G networks, taking into account factors like coverage, capacity, and user demand to optimize network deployment.
9. Network Synchronization: AI ensures precise synchronization and timing across 5G networks, which is crucial for applications like financial transactions and critical infrastructure.
10. Energy Efficiency: AI can help reduce energy consumption in 5G networks by optimizing the use of resources and minimizing power consumption during low-demand periods.
11. AI-Enhanced User Experience: AI-driven analytics and personalization improve the user experience by understanding individual preferences and adapting network services accordingly.
12. Augmented Reality (AR) and Virtual Reality (VR): 5G combined with AI enables immersive AR and VR experiences by providing the high bandwidth and low latency necessary for real-time, high-quality content delivery.
13. Telemedicine and Remote Healthcare: 5G and AI enable remote patient monitoring, telemedicine, and surgical procedures, expanding healthcare services to remote areas and enhancing patient care.
14. AI-Powered Content Delivery: Content providers use AI to optimize content delivery, ensuring that video streaming, gaming, and other services work seamlessly on 5G networks.
15. Regulatory Considerations: Policymakers are focusing on regulatory frameworks that address the convergence of AI and 5G technology, balancing innovation with privacy, security, and ethical concerns.

The integration of AI and 5G technology is expected to revolutionize various industries and pave the way for transformative applications and services. As both technologies continue to advance, they will complement each other to provide faster, more reliable, and more intelligent network solutions.

Future Predictions for AI and 5G

The advent of 5G and artificial intelligence will revolutionize the 22nd century. The effects of both technologies will be substantial, but the integration of both might lead to revolutionary shifts in our culture.

By enhancing edge computing, 5G will speed up the development of AI applications and make them more accessible. In turn, AI will handle complicated 5G networks and enable us to profit from the technology to the maximum degree.

It is crucial to consider potential vulnerabilities, such as cyber-attacks and privacy problems while utilizing both technologies. A virtual private network (VPN) may protect sensitive information while antivirus software can protect from malware.

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BinaryX announced their plans to expand into Virtual Reality (VR) and Artificial Intelligence Generated Content (AIGC). Building upon their GameFi expertise, BinaryX has reportedly entered into agreements with their VR and AIGC partners, AiGC Labs, to develop a groundbreaking new GameFi genre of AI-based VR games.

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“We are incredibly excited to unveil our latest venture into VR and AIGC technologies”

First AI-Powered Virtual Reality Game on the Metaverse

According to the team, BinaryX is preparing to launch the first-ever VR game which heavily features both VR and AIGC in collaboration with AiGC Labs. The team has not released the full details of the game yet, but has hinted that the game will be set in a character-rich universe inspired by heroes and characters from East Asian folklore.

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Using ChatGPT and GameGPT for Game Design

The team revealed that they have been experimenting with ChatGPT to generate engaging gameplay and characters, and build compelling narratives for their games. The AI models helped the team explore and refine ideas for world-building, including ideas for environmental layout, challenges, and level design. Beside the AI-powered VR game, BinaryX has also been working on a separate AI-powered game that will be released sometime this year.

“We are incredibly excited to unveil our latest venture into VR and AIGC technologies,” said Rudy, Head of Growth at BinaryX. “This is a significant milestone for our companies as we continue to push the boundaries of innovation in the Web3 gaming industry. Together with our partners, our team has poured talent and dedication into creating a game that will redefine the gaming experience and captivate players like never before. We’re excited to reveal the game to our players soon.”

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Orbbec, a leading provider of 3D visual perception technology solutions, is thrilled to introduce UniXR Depth at AWE USA 2023. This groundbreaking solution transforms the way we create and consume virtual reality (VR), augmented reality (AR), and mixed reality (MR) content by seamlessly integrating 3D content into various devices, eliminating the need for additional processing.

The surging demand for immersive and high-quality content in the rapidly growing VR/AR/MR industry requires efficient and robust solutions. UniXR Depth rises to the challenge by effortlessly converting RGB-D data streams from any depth camera into XR-ready stereoscopic image pairs. Its versatility extends across multiple platforms, including PCs, FPGAs, ASICs, embedded edge computing systems and cloud computing servers.

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“Our new technology unlocks endless possibilities across industries,” said David Chen, CTO and co-founder of Orbbec. “We have always aimed to push the boundaries of VR/AR/MR, and by simplifying the process and making it more accessible, we strive to foster innovation and drive the industry forward.”

Orbbec UniXR Depth revolutionizes sectors such as entertainment, gaming, healthcare, real estate, education, retail and sports training. In the entertainment sector, it enables the creation of stunning 3D visual effects and cost-efficient AR/VR/MR content for film and television. Gamers will experience a seamless transition between VR, AR and MR with virtual content blending seamlessly with the real world.

This revolutionary technology also enhances the healthcare industry by offering realistic 3D live stream views for remote surgery, surgical training and revolutionizing remote physical therapy. Therapists can offer real-time feedback, significantly enhancing the effectiveness of remote therapy sessions. Furthermore, UniXR Depth empowers coaches and athletes to analyze performance in 3D, uncovering new insights and enabling remote training and coaching opportunities.

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Attendees at AWE USA 2023 will have an exclusive opportunity to witness the capabilities of UniXR Depth firsthand, immersing themselves in captivating, processed images and real-time 3D experiences showcased at the expo.

Since its inception in 2013, Orbbec has spearheaded 3D sensing and computer vision, consistently delivering innovative solutions. From designing silicon chips and patented structured light patterns to creating 3D cameras with unparalleled accuracy, range, resolution and responsiveness at unbeatable prices, Orbbec has solidified its position as a leading innovator in the 3D vision space.

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Vinci Games, a globally-distributed virtual reality (VR) game studio, has raised $5.1 million in a seed funding round led by Makers Fund, with participation from Y Combinator, Soma Capital, Pioneer Fund, Anorak Ventures, BonAngels, and Twitch co-founder Kevin Lin.

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“We’re excited to build the next generation of competitive sports in virtual reality”

Vinci Games was founded by CEO Nathaniel Ventura, formerly at Oculus, and CTO Maciej Szcześnik, former lead game designer of The Witcher series at CD Projekt Red. The funds raised will be used to support the development of the studio’s first game, the competitive, socially driven VR basketball experience Blacktop Hoops.

Blacktop Hoops is the ultimate arcade VR basketball game that brings authentic and fast-paced competitive streetball into the virtual world. It features the most intuitive dribbling, dunking, and shooting basketball mechanics specifically designed for VR, allowing players to experience the excitement of streetball with full-body avatars and immersive environments.

“We’re excited to build the next generation of competitive sports in virtual reality,” said Nathaniel Ventura, CEO, Vinci Games. “This round of funding helps us grow our team and build new groundbreaking features and content pushing the boundaries of VR. Blacktop Hoops has been designed from the ground up to be easily accessible for casual players with a high skill cap for competitive players; it’s extremely easy to pick up but difficult to master.”

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The Beta introduces the first downloadable content for Blacktop Hoops, the Rising Legends Pack. It brings 5 new bosses for players to face off inspired by real-world streetball legends. “We’ve built the most cutting-edge AI systems for a VR sports title with hundreds of motion-captured animations and adaptive AI that respond to how you play,” said Maciej Szcześnik, CTO, Vinci Games. “You feel just like a pro baller going toe-to-toe against world-class basketball players.” The bundle also gives players new customization features such as emotes, custom courts and dunk explosions.

For multiplayer, the Beta now offers fast-paced competitive and casual 1vs1, 2vs2, 3vs3, and 4vs4 matches. Since its Alpha launch, Blacktop Hoops has risen up the charts to become the second most popular app on App Lab with a 4.9 rating and over 9,000 reviews and a 90% positive rating on Steam.

“Blacktop Hoops is unique in its approach to competitive, arcade-style basketball to VR platforms, and our investment was driven by the Vinci Games team’s commitment to crafting a unique basketball gameplay experience and vision to develop the most immersive, social and, above all else, fun virtual experience possible,” said Gregory Gunadi, Makers Fund. “Vinci Games has assembled a world-class team with deep experience in VR and games, and we look forward to supporting them as they continue to grow the player community seeking new competitive sports-based challenges in VR.”

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 Nfinite, the leader in next-generation 3D visualization for retail, announced a set of new features including the release of Dynamic Display, a major new capability of its SaaS platform. Dynamic Display allows retailers and brand owners to quickly and seamlessly embed interactive, shoppable showrooms on any webpage.

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By enabling online shoppers to personalize their experience and seamlessly mix and match items in context, online retailers have seen a boost in ecommerce results. To date, Dynamic Display has shown significant improvements on website and conversion performance, including a 2.5X increase in clickthrough rate, a 53% increase in conversion rate and a 2.8X improvement in repeat customer engagement.

“Dynamic Display is a game-changer. For the first time, retailers can put personalization squarely in the hands of their online customers, making it possible for them to immerse themselves in shopping experiences of their choice, context, and visual preferences,” said Alexandre de Vigan, founder and CEO of Nfinite. “The impact on clickthrough, conversion, repeat engagement and average order volume speaks for itself, and proves the importance of an immersive visual experience for retailers.”

Indeed, in a recent report from Nfinite, shoppers report increasing expectations around ecommerce product visuals. 88% of people say high-quality product imagery is important and 77% said product image capabilities increase their confidence in purchase decisions on websites they’ve never purchased from before.

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The Nfinite e-merchandising platform eliminates the physical, scaling, and financial barriers that retailers and brands typically face in creating advanced, visually stunning e-merchandising experiences. The company serves 3 of the world’s top 5 retailers and also offers 3D visual assets compatible with VR and AR applications.

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The agetech company widens its impact with strategic developments designed to bring the benefits of VR to more lives across the world

Rendever, the company pioneering the future of aging through VR, welcomes two new executive leadership members: Vice President of Product Strategy Catherine Day and Vice President of Global Healthcare Partnerships Nathan Myers. With sights set on a worldwide impact, both new additions will help Rendever reach new heights through continued expansion and growth.

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In her new position as Vice President of Product Strategy, Day will take leadership over existing products and services, while leading strategy and product design as Rendever expands its impact to the entire world of care. Day has worked in media and technology for nearly 20 years, is an award-winning filmmaker and has led impact-focused VR projects with industry leaders. Day is passionate about VR’s ability to strengthen communication and human connection and looks forward to reshaping the aging process with Rendever’s VR platform.

“For anyone whose world has become smaller, whether it be from old age, disease, or disability – VR can be used to deliver life-changing joy and connection. Research has proven beyond a doubt VR’s significant impact on health and well-being. It is an honor to join Rendever as we define a new standard of care and I’m so excited about where we’re headed,” said Day.
With 20 years of experience, Myers has a proven track record of leading companies to success by taking disruptive technologies and pairing them to the needs of the healthcare customer. In his role, Myers will round out Rendever’s services in healthcare by bringing its technology to hospitals across the country where VR will aid patients in their healthcare journey as they undergo treatments.

“I have seen firsthand the detriment social isolation can bring to people,” Myers said. “My mom put on a VR headset for the first time three years ago and has used it every day since. Rendever’s success with industry leading healthcare systems like UCHealth has set the stage for what’s possible for us. I continue to be amazed by the culture at Rendever and am impressed with the continued evolution of the experiences and platform.”

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Full bios and photos of the two new Rendever leaders can be found here.
In addition to this exciting growth, Rendever received distinguished accolades this year. 2023 started off fierce for the Boston-based company when Rendever debuted on Fast Company’s 2023 Most Innovative Companies list along with other top VR/AR moguls such as Unity, Meta and Google. This comes after just being named to TIMES’s 2022 Best Inventions List.

Rendever is overcoming social isolation through the power of virtual reality and shared experiences. From senior living communities to hospitals, their platform is being used to reduce depression and loneliness by fostering personal connections amongst populations where life has become limited. Participants in group sessions can check off bucket list items together, revisit meaningful places and share stories, stay engaged with family members, and more. Rendever is being used by high-profile senior living operators including Revera, Benchmark, and Oakmont, healthcare systems such as UCHealth and Baptist Memorial Health Care, has research funded by the NIA (one of the institutes of NIH), and has commercial partnerships with major organizations like AARP and Verizon.

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Businesses think extra features enhance online shopping – consumers disagree

• Storyblok survey of 2,000 UK consumers and 200 UK business leaders reveals large divide between what e-commerce businesses think consumers want and what they actually need

• 60% of consumers think ease of navigation is the most important factor in website user experience – only 28% of businesses cite improving website design as a priority 

• 70% of businesses say chatbots enhance the customer experience – only 22% of consumers see a benefit

• Consumers and businesses agree that more payment methods and faster loading speeds are key to stopping purchases from being abandoned

• American consumers and businesses believe AR/VR is the future of retail – Brits are more skeptical 

Storyblok, the content management system (CMS) category leader that empowers both developers and content teams to create better content experiences across all digital channels, released research which reveals that many businesses misunderstand what consumers want out of online shopping.

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The survey of 2,000 consumers and 200 business leaders at medium-sized e-commerce companies in the UK shows 70% of companies believe features such as chatbots enhance the customer experience, whereas only 22% of consumers agree.

When asked what the three most important factors are in the online experience, 60% of consumers said ease of navigation, 42% said simple design and 41% said visual appeal. In contrast, only 28% of businesses cited improving the design of their website as a priority, and 36% said they would add more features. 45% of businesses said they would add more payment options, but this was less of an issue for consumers with only 23% citing limited payment options as a reason to abandon a purchase.
Consumers and businesses agree that fast loading speeds are critical. 42% of consumers said they decide whether to stay on or leave a website within 10 seconds – 24% within 5 seconds. 46% of businesses said improving their website loading time was a top priority.

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Previous research by Storyblok underlines the importance of businesses understanding the priorities of their customers. Storyblok revealed in a study of 6,000 consumers and 500 business leaders across Europe and the US that 60% of consumers regularly abandon purchases due to poor website user experience, with businesses estimating it costs, on average, $72,000 in lost sales per year.

Dominik Angerer, CEO and Co-Founder of Storyblok, said: “There’s a lot of enthusiasm from businesses for more website features, but this is not shared by consumers – at least not yet. It’s important for businesses to continually ask themselves if the features they add to their websites really do enhance the customer experience. More is not always better, and what our research clearly shows is that businesses cannot lose sight of the fundamentals of good design, clear navigation, and fast loading speeds.”
Looking ahead, 26% of business leaders said they believe AR/VR experiences are the most important trend in marketing, followed by personalisation (21%), AI-generated content (24%), and automation (17%). Consumers are slightly more skeptical about the impact of AR/VR with only 32% stating it would encourage them to make a purchase and 24% saying they didn’t know. Americans were more enthusiastic with 57% agreeing it would encourage them to make a purchase.

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