Artificial Intelligence Is 'For Anybody' - Los Angeles Business Journal

Artificial intelligence, the simulation of human intelligence processes by computer systems, is growing increasingly smarter and more powerful, making it a technology that companies across industries want to get their hands on – including Los Angeles companies. Different forms of AI can help businesses by improving predictions in customer behavior, allowing companies to make faster business decisions. It can also help companies save time and money by automating processes and tasks and increasing productivity. In line with today's economic state, investment in artificial intelligence technology has dropped, but it by no means signifies a decline in popularity. According to the State of AI Report by AI investors Nathan Benaich and Ian Hogarth, big companies have expanded their artificial intelligence teams and partnered with AI startups.