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) …
Globally, researchers are working to discover how artificial intelligence (AI) can be usefully applied across a range of commercial and public-sector situations. Much of the most exciting work is taking place in tech clusters, particularly in China and the United States, which are attracting some of the brightest global talent. Europe is also seeing rising levels of engagement, but not on the same scale. The onus is now on European companies and policy makers to ensure that the continent keeps pace with its peers and realizes AI's benefits across societies. If Europe is to make the most of AI, it must find a way to bring together stakeholders from across the continent.
While many people have learned to stay in touch with loved ones, friends, and colleagues through videoconferencing during the COVID-19 pandemic, the reduction of face-to-face interaction has boosted a market for robots providing substitutes for physical human contact. "Healing robots," such as the cuddly humanoid Lovot developed by Groove X Inc., Sony Corp.'s Aibo robotic dog, and Qoobo, a furry cushion with a tail that moves in reaction to strokes developed by Yukai Engineering Inc., are seeing sharp sales rises, the companies say. Lovot and Aibo can gather data on the well-being of their owners and report it remotely, which is why some people are gifting the automatons to their elderly parents living far away whom they are refraining from visiting due to infection risks. "When people feel uneasy or lonely, they tend to yearn for a sense of physical touch," Hiroshi Ishiguro, a professor of intelligent robotics at Osaka University, said in explaining the reason behind the trend. "Through healing robots, they must be trying to confirm the actual existence of others, which is hard to really feel on the telephone or through videoconferencing," he said.
Call center software provider Five9 Inc. has come up a winner yet again, comfortably beating Wall Street's targets with its third-quarter financial results and delivering strong guidance on top of that. The company reported a profit before certain costs such as stock compensation of 27 cents per share on revenue of $112 million, up 34% from a year ago. That was well ahead of Wall Street's forecast of 18 cents per share in earnings and $101 million in revenue. Five9 sells cloud-based contact center software and services for enterprises that enable them to keep track of and manage their interactions with customers. Its software covers traditional phone calls, as well as video calling services, emails and social media interactions.
Apple just sold more Macs than ever before, a beneficiary of the work and learning from home shift fueled by the coronavirus pandemic. The first Apple Macintosh computer was released in 1984, but 2020 was the winning year for the product line. During its quarterly earnings call Thursday, Apple said it sold $9 billion worth of Macs, up from $6.9 billion in the year ago quarter. "These are tremendous numbers," said Apple CEO Tim Cook on the call with investors. The company reported a fiscal fourth-quarter net income of $12.67 billion.
Google blasted through the coronavirus pandemic with gangbuster earnings, just a week after U.S. prosecutors sued the company for operating a purported illegal monopoly in its flagship search business. Alphabet Inc. reported a third-quarter profit of $11.2 billion, well outstripping analyst estimates. As importantly, digital advertising revenue of $37.1 billion was up compared with last year, marking a turnaround from a quarter earlier, when the company recorded the first drop in the category in company history. Cogs across the Alphabet empire were clicking. Helped by stay-at-home trends, YouTube pulled in more than $5 billion in advertising for the first time, gaining 32% over the same period a year earlier.
The global AI-based fever detection camera market size is USD1.28 billion by 2020 and is projected to reach USD 2.19 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. The worldwide surge in the growth of corona infected people has led to the emergence of advanced artificial intelligence-based fever detection cameras to monitor and detect human body temperature. Vaccine for coronavirus is still in its development stage and hence, the only way to reduce the spread of this pandemic is to isolate the infected person from the crowd. This type of camera is being considered as an efficient and effective device to identify a person with high temperature as fever is one of the symptoms of coronavirus. An individual with high temperature is further screened with virus-specific tests.
The supply chain is a critical component of every business and automating logistics not only offers short terms benefits but also positions an organization in this era of digital transformation. Business leaders continue to make their cases about the state of supply chain automation¹ but unfortunately, progress has been slow with most businesses using manual processes. Consequently, businesses face cost constraints in managing supply chains and a report from McKinsey puts agrees to this by stating that supply chain automation is a long shot for companies. The big question then becomes: Why are businesses facing hurdles in streamlining their supply chains through automation processes? However, one thing is clear: demand for flexible, accurate and nimble supply chain logistics² is on the rise.
There are a plethora of success stories demonstrating how major financial players capitalise on their data. The coronavirus pandemic and the global measures that have followed have created a perfect economic storm. The financial sector stands at the front line of a growing credit crisis, with banks trying to manage disruption and maintain strict compliance amid social distancing guidelines which are at odds with their processes. Then there are the extraordinarily low interest rates and increasingly cash-insecure consumers to contend with. To navigate the immediate obstacles, financial institutions must assess short-to-medium-term financial risks and adapt to new ways of operating in a post-pandemic world.
The 2020 presidential election in the United States is just around the corner. This year, the election has been particularly controversial in part because of the ongoing COVID-19 pandemic and the restrictions the virus has placed on in-person gatherings. In a world in which connected devices and IoT (Internet of Things) technologies have enabled everything from autonomous vehicles to robotic surgery, it seems like there should be other options for casting votes besides sending paper ballots in by mail or turning them in by hand. However, concerns (both legitimate and overblown) about election-outcome accuracy and voter privacy have held the election process back in many ways from the digital revolution that has permeated almost everything else. Will 2020 be a pivotal year in changing how the American people and "the powers that be" feel about advancing the voting process?
From text-reading applications for blind people to cancer screening with machine vision and early detection of disease outbreaks – AI can make this world a little bit better. But how to get started with your first AI for a good project. Developers and Data Scientists working on ideas that benefit society can, in the process, cultivate their skills and develop their careers. It creates opportunities to work on exciting stuff that might not be part of your regular day to day work, and what starts as a weekend project can someday become your dream job. It is essential to start with a problem in mind.