With great power comes great responsibility: That was the gist of a set of principles for artificial intelligence development laid forth by IBM Corp. Chief Executive Ginni Rometty on Tuesday. Rometty (above) has made AI, or what IBM calls cognitive computing, the centerpiece of the tech giant's attempt to recharge its growth. In a panel discussion at the World Economic Forum in Davos, Switzerland, she made the mostly optimistic case that AI, intelligently used, will be the foundation of the fourth industrial revolution. On the panel with Rometty were Ron Gutman, an entrepreneur whose relation to AI is based mostly on how it will transform healthcare, along with Joi Ito, head of MIT's media lab and leading spokesperson on AI ethics, and Microsoft CEO Satya Nadella. But Rometty made perhaps the biggest splash, issuing a set of three principles that she called "Principles for the Cognitive Era."
IBM CEO Ginni Rometty: "Look, we really think this is about man and machine, not man vs. machine." He now runs his own firm, Evans Strategic Communications LLC.) CLOUD WARS -- As AI enters the mainstream of not only consumer consciousness but also business strategy, you could make a pretty good case that IBM and its Watson brand have been by far the primary drivers behind this profound phenomenon. Unless Watson and AI generating huge gobs of new revenue for IBM, who cares? Well, one person who cares very deeply about the rapid emergence of AI is Microsoft CEO Satya Nadella--and if you're wondering about Nadella's chops in AI, consider that as he's boosted Microsoft's market cap by $250 billion during his 3-1/2 years as CEO, he's also created a global AI team of more than 5,000 computer scientists and engineers. In fact, I'd go so far as to say that any significant business--whether inside or outside the tech industry--that's not aggressively evaluating the potential impacts of AI on its customers and industry is being short-sighted at best and profoundly foolish at worst.
The chief executive of technology giant IBM has urged Australian business leaders to plan for dramatic changes to their organisations and the workforce caused by artificial intelligence and advances in quantum computing. Ginni Rometty, who has run the $US120 billion company since 2012 and is in Australia to sign an AI deal with Woodside Petroleum and attend other customer meetings, said business leaders must change their approach to hiring or risk being left behind. Ms Rometty gave a keynote address at a cloud computing conference in Sydney on Tuesday, alongside Woodside chief executive Peter Coleman who told the event he expects AI technology to slice maintenance costs in its plants by 30 per cent a year - or around $300 million. Mr Coleman said this is one of several applications being developed with IBM that also include automating production and improving cybersecurity. Westpac Banking Corp chief executive Brian Hartzer also spoke at the event.
October 24, 2016, 8:31 AM Last week "60 Minutes" showed how IBM's technology named "Watson" is helping fight cancer. Watson's cognitive computing will now be available nationwide for the first time. IBM CEO Ginni Rometty joins "CBS This Morning" to discuss Watson and what its implementation means for the future.