Moody's: AI applications still distant

As artificial intelligence (AI) technology goes mainstream, its potential to reshape sectors remains years away, says Moody's Investors Service. AI is a broad concept covering many different applications and models. After decades of slow progress, AI technologies have advanced meaningfully in recent years on increases in computing power, large and growing datasets and improvements in underlying algorithms. From large multinationals to small startups, companies are investing heavily, and real-world applications are becoming mainstream. While there are many applications for AI, high tech and media, automotives, financial services and manufacturing are particularly intense users at this stage.