Ask the Founders: What is Artificial Intelligence exactly?

In the past few years, Artificial Intelligence has become more and more ubiquitous in our everyday tech, and it shows no signs of going away, with investment into UK AI reaching --2.42bn in 2019. According to the Tech Nation Report 2020, looking at data from 2015-2019, the UK is third in the world for levels of AI investment, second by deal count, and the only country of the top 5 AI nations to have demonstrated consistent positive year-on-year growth for the last 5 years. A regular feature of sci-fi and sometimes horror, AI has often been forewarned as something to be afraid of, and while the ethical implications are something that need to be kept central to the development of AI, it--s not something that necessarily spells the end of days. So what exactly is Artificial Intelligence, what does it mean for the consumer and where do we expect it to go in the next few years? We asked some members of the public for their main concerns surrounding the technology, and asked some founders from our Applied AI 1.0 programme if they could clear up some of myths, misunderstandings and concerns. Mohammad Rashid Khan, Co-founder & CEO of Calipsa and Jamie Potter, Co-founder & CEO at Flexciton gave us their insights.--