As the rise of massively distributed computing power, decreased cost of data storage, and a proliferation of open-source frameworks turn conventional computing paradigms on their head, new and lucrative opportunities are being created to develop innovative artificial intelligence applications, writes Ed Chater, COO, Adbrain. Research from Accenture suggests that AI technologies could double the economic growth rate in 12 developed countries and boost labor productivity up to 40% by 2035. The increasing importance of AI, signalled by strategic acquisitions by Google, Amazon, Apple, and Microsoft, has significant implications for businesses across all sectors and verticals. AI has the potential to transform industries as diverse as healthcare, finance, insurance, and entertainment. The term'artificial intelligence' doesn't refer to a single technology, but rather a group of technologies.
The government's vision of AI-enabled growth is not rooted in the apocalyptic science fiction of Terminator movies where robots destroy humanity (Arnold Schwarzenegger appropriated the Spanish phrase "Hasta la vista, baby" in Terminator 2: Judgement Day before sparking some spectacular explosions). Instead, Bains and others point to two Canadian "pioneers" in AI -- Geoff Hinton at the University of Toronto and Montreal computer scientist Yoshua Bengio. They are recognized world leaders in "deep learning" or "machine learning" -- advanced algorithms that allow powerful new super computers to essentially think like humans. The minister is also buoyed by signs of foreign capital coming to Canada such as Microsoft's recent acquisition of the artificial intelligence start up, Maluuba, based in Waterloo, Ont., and Montreal. In a recent conversation with Bill Gates, Bains said the Microsoft co-founder acknowledged that Canada was playing "a leadership role" in AI. "We want to encourage those kinds of investments to continue, to connect with each other on a national level," said Bains.
In modern times, talking about artificial intelligence is no longer science fiction; it is a reality more than palpable. The daily life of people is mostly supervised by artificial intelligence, whether it is found in social networks or the one used by governments as national security systems, to mention two. However, how can artificial intelligence influence today's economy?, Can this change the direction of the world economy?, We can start answering these answers today with certain echoes that occur around the world, as a week ago AICoin invested in a pioneer startup in Artificial Intelligence technologies for health in the United States of America, since AIcoin uses the profits of cryptocurrency operations to acquire capital holdings in Artificial Intelligence (AI) startups. The deal is as follows, AICoin, through Tessier-Ash pool PTE Ltd. is the main investor in this round of financing of US $ 2,000,000 and will acquire a position on the Sevamob board of directors. Sevamob, a provider of platforms enabled by artificial intelligence for medical care in organizations, and part of the Innovations in Healthcare program at Duke University, is one of the new companies that uses technologies such as artificial intelligence and telemedicine in clinics emerging from light assets, to provide superior primary medical care to marginalized populations at a cost up to 50% lower.
Artificial Intelligence Poised to Double Annual Economic Growth Rate in 12 Developed Economies and Boost Labor Productivity by up to 40 Percent by 2035, According to New Research by Accenture NEW YORK; Sept. 28, 2016 – Research released today from Accenture (NYSE: ACN) reveals that artificial intelligence (AI) could double annual economic growth rates by 2035 by changing the nature of work and spawning a new relationship between man and machine. The impact of AI technologies on business is projected to boost labor productivity by up to 40 percent by fundamentally changing the way work is done and reinforcing the role of people to drive growth in business. "AI is poised to transform business in ways we've not seen since the impact of computer technology in the late 20th century," said Paul Daugherty, chief technology officer, Accenture. "The combinatorial effect of AI, cloud, sophisticated analytics and other technologies is already starting to change how work is done by humans and computers, and how organizations interact with consumers in startling ways. Our research demonstrates that as AI matures, it can propel economic growth and potentially serve as a powerful remedy for stagnant productivity and labor shortages of recent decades."
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the opening of an infrastructure region in Spain featuring three Availability Zones at launch. It will give Spanish startups, enterprises, and the public sector the ability to "leverage advanced technologies including analytics, artificial Intelligence, database, Internet of Things (IoT), machine learning, mobile services, serverless, and more to drive innovation". "Cloud computing is already powering innovation within businesses, educational institutions, public administrations, and government agencies across Spain, and with this AWS infrastructure region, we look forward to helping accelerate this transformation. Opening an AWS Region in Spain will drive more technology jobs and businesses, boosting the local economy, while enabling organizations across all industries to lower costs, increase security, and improve agility. We're excited to have AWS contribute to the future growth of Spain."