Artificial intelligence has a long history of boom and bust cycles. During A.I. booms, money flows through universities and industry labs, fueling promised advances that often sound like magic, if not panacea. Extreme optimism was particularly common in the field's early years. In 1960, for example, A.I. pioneer Herbert Simon suggested that "machines will be capable, within twenty years, of doing any work that a man can do," a claim echoed by the founder of the field, Marvin Minsky, in 1961. Despite the advances that have occured since that time -- most recently, breakthroughs in neural networks, a form of machine learning inspired by the biological structure of the brain -- today's leading researchers tend to be more circumspect about the potential of artificial intelligence in the near-term.

America's largest tech companies face a growing backlash over the potentially negative impacts of their strategic decisions and innovations. For example, companies like Apple, Facebook, Google and Microsoft are investing in artificial intelligence (AI) technologies and product roadmaps that will replace millions of jobs during the coming years. Experts in marketing, technology and social awareness say it's time for technology providers to assume greater responsibility for the personal pain that comes along with the collective gain. Emerging technology is at almost perpetual odds with the status quo, but U.S. society is coming to realize that dynamic can lead to job losses, unfair treatment of social services and a stain on civic engagement. The power and influence that some tech companies command is being reevaluated in light of the myriad ways people are being disenfranchised in some way by their actions.

Products using artificial intelligence (AI) are creeping into our lives: in the home, online, at work, in the marketplace, in the doctor's office. What if AI gets carried away, if it hasn't already? Plenty of movies and books that contemplate this. While those scenarios may be easy to dismiss, the consequences of what could happen are not. Unless it's fully grasped for its benefits, companies that use AI are putting their brands at risk if society doesn't adequately understand how it benefits from the technology.

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Infosys Foundation, the philanthropic arm of the IT services company, said it will give a Rs 24-crore grant over the next three years to Delhi-based Indraprastha Institute of Information Technology (IIIT) to set up a research centre for artificial intelligence (AI). For Infosys, which carries out its Corporate Social Responsibility through the foundation, supporting educational institutions has been a fundamental part of its CSR strategy. The grant comes at a time when Infosys chief executive Vishal Sikka, who has a doctorate degree in artificial intelligence from Stanford University, has been trying to increasingly build out capabilities around the strategic focal points of automation and artificial intelligence in the company. The proposed Infosys Center for Artificial Intelligence will facilitate work on both fundamental and applied aspects of AI and focus on areas such as robotics, machine learning, computer vision, AI for software systems, large-scale data analytics. The research will draw on real-time data to develop a deeper understanding of AI for social benefits, and the application of AI in education and related areas, said the release.

Bengaluru: Infosys Foundation, the philanthropic arm of the IT services company, said it will give a Rs.24-crore grant over the next three years to Delhi-based Indraprastha Institute of Information Technology (IIIT) to set up a research centre for artificial intelligence (AI). For Infosys, which carries out its Corporate Social Responsibility through the foundation, supporting educational institutions has been a fundamental part of its CSR strategy. The grant comes at a time when Infosys chief executive Vishal Sikka, who has a doctorate degree in artificial intelligence from Stanford University, has been trying to increasingly build out capabilities around the strategic focal points of automation and artificial intelligence in the company. The proposed Infosys Center for Artificial Intelligence will facilitate work on both fundamental and applied aspects of AI and focus on areas such as robotics, machine learning, computer vision, AI for software systems, large-scale data analytics. The research will draw on real-time data to develop a deeper understanding of AI for social benefits, and the application of AI in education and related areas, said the release.