There is No Such Thing as a Free Lunch: Part 1 - KDnuggets

Almost every day we read about companies and their Artificial Intelligence (AI) strategies. Sometimes it feels like an arms race where businesses feel they will get left behind if they can't claim to have AI and (usually) deep learning embedded somewhere in their product. We have seen this type of thing before, reminiscent of the social media and big data hypes of years gone by. It used to be that companies were tripping over themselves to be seen as "big data" now the focus is on "AI " as they try to position themselves as appealing to customers and investors – one report estimates as much as 40% of European startups classified as "AI" don't actually use AI in any material way! The hype around AI has largely been driven by substantial recent progress in the sub field of deep learning.