The AI-First Business Model – Element AI – Medium

Artificial intelligence has the potential to transform nearly every industry. This post is from a talk I've given a few times about how to think about data, scarcity and intelligence in order to understand what's unfolding. Part 1: Where We've Just Come From: The Big Data Business Model The neural network algorithms that modern artificial intelligence uses, the ones that drive trucks autonomously or detect cancer more accurately than humans, have been known and existed for decades. What have brought us to an inflexion point are the discovery of computers many orders of magnitude more powerful at executing the needed calculations, and, more importantly, the availability of large datasets to feed the algorithms. It shouldn't come as a surprise that the AI revolution is coming hot on the heels of the "Big Data" revolution that's been taking place over the last 10 years or so.