If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
With the emergence of 5G technology, the global AI Market is likely to gain momentum, states Fortune Business Insights in their latest study. The study is titled, "Artificial Intelligence Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025." According to the study, the global AI market will exhibit remarkable growth owing to factors such as the advent of machine learning into various other industries such as education, health, and others. Technological advancements and the launch of smart devices are creating lucrative growth opportunities for the artificial intelligence market. The rising popularity of machine learning technology is likely to help this segment pick pace over the forecast period.
Artificial Intelligence (AI) is no longer a science fiction whimsy, but an everyday reality. AI is now embedded in many aspects of our lives, from supermarket self-checkout cash registers to face-recognition security checks at the airport. Tech giants such as Microsoft and Google are investing millions of dollars in new AI projects. Initiatives such as a Teachable Machine, which trains computer neural network, are making Machine Learning (ML) user-friendly. Technologies such as neural networks and deep learning are being applied in many sectors by companies like Facebook and IBM.
Automation and innovation in the work within business is necessary for the reinvention of the system landscapes. The same is possible with the machine learnings together with the help of the artificial intelligence platform. The industries in the recent time are in the tremendous need of the artificial intelligence platform to increase automation, machine interaction and to save time. Furthermore, problem-solving, social intelligence and general intelligence can also be achieved with the help of the artificial intelligence platform. The artificial intelligence platform market is expected to grow during the forecast period due to growth in adoption of cloud based application and services.
AI capabilities are rapidly maturing. More and more industrial products executives are actively determining where and how to leverage AI. But executives are also more discriminating about their organizational priorities for AI and how these leading-edge technologies are rolled out. These CxOs are highly focused on select priority business functions and value drivers for their AI investments. These areas emphasize revenue growth and the customer.
A new law in Illinois will regulate the use of artificial intelligence in job interviews. The Artificial Intelligence Video Interview Act, House Bill 2557, requires companies to notify the applicant when the system is being used, explain how the AI works, get permission from the applicant, limit distribution of the video to people involved with the process and to destroy the video after 30 days. Matthew Jedreski, counsel at Davis Wright Tremaine LLP in Seattle, is a litigator and employment attorney who updates clients on local and state employment laws. Jedreski said AI video interviews apply psychometrics, which is the science of measuring attitude and personality traits. "It's reading data and then analyzing it to determine whether it can draw conclusions about the person being interviewed," Jedreski said.
The Pentagon is figuring ways to harness artificial intelligence (AI) for advantages as far flung as battlespace autonomy, intelligence analysis, record tracking, predictive maintenance and military medicine. AI is a key growth investment area for DoD, with nearly $1 billion allocated in the 2020 budget. The Defense Department's Joint Artificial Intelligence Center (JAIC) will see its budget double to over $208 million, with significant increases likely in 2021 and beyond. JAIC seeks to coordinate all military service and defense agency artificial intelligence activity over a $15 million benchmark. The military is currently seeking to integrate AI into weapon systems development, augment human operators with AI-driven robotic maneuver on the battlefield and enhance the precision of military fires.
Only 20 per cent of the 530 million Indian internet users consume content in English. According to a recent report by research and consulting firm RedSeer, 260 million Indian users are "monetizable". Nearly 210 million of these users, with an annual spending power of $300 billion, prefer digital content in vernacular languages. "India has added Internet users at 8X speed in the last 10 years driven by small towns and villages, not by large cities," the report stated. Most of such people used to go to an agent when they wanted to book a train ticket for their next Vaishno Devi trip with their family, wanted an instance plan and wanted someone to help them with a purchase.
Understanding how my GPS works doesn't prevent it from degrading my map reading skills. Any skill you don't practice gets rusty. As Dunning-Kruger tells us, the more sure we are about our understanding the less understanding we are likely to have. AI that tells us what we already think to be true may well be simply crystallizing our biases in a non-disputable form. For example there was an article a few months back in Technology Review about using AI to (a) decide which convicted criminals to incarcerate based on an AI-generated "recidivism score", and (b) the use of AI to direct police to places where crime is most likely.