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) …
Robots hold polar extremes in economic narrative and popular imagination. One narrative depicts a looming dystopian future with robots and other forms of automation increasingly replacing human workers, depressing wages (Brynjolfsson and McAfee 2014), feeding inequality, and contributing to further'deaths of despair' (Case and Deaton 2020, Mulligan 2021). In counter-imaginations, robots embody innovative technology spurring productivity and freeing workers from repetitive, strenuous, monotonous work while helping to relieve labour shortages arising from ageing populations. Such demographic challenges are salient particularly in higher-income countries farther along in the demographic transition, such as the OECD nations, where populations in 18 out of the 36 countries are projected to decline by 2055. These nations face rising old-age dependency ratios, declining employment-to-population ratios, and challenges in providing services to the growing number of frail older adults.
Artificial intelligence (AI) continues to expand its footprint in the enterprise and the economy. That's the word from the AI Index, an annual data update from Stanford University's Human-Centered Artificial Intelligence Institute. The index tracks AI growth across a range of metrics, from papers published to patents granted to employment numbers. In terms of total employment, while AI-related jobs are but a small fraction, the share is rapidly expanding. In the U.S., the share of jobs in AI-related topics increased from 0.26% of total jobs posted in 2010 to 1.32% in October 2019 -- or five-fold growth.
In the not-so-distant future, more robots may be interacting with customers at shopping complexes, serving food at restaurants or cleaning floors at offices in Japan amid a serious labor crunch. A hint of what is to come is visible at the International Robot Exhibition 2019, a major biennial robot trade show that kicked off on Wednesday at Tokyo Big Sight. The event runs until Saturday. Featuring a record 637 firms and organizations, some participants said demand for robotics as helping hands in service sectors is rising to compensate for a shortage of workers. Tokyo-based Omron Social Solutions Co. unveiled a robot capable of performing three tasks: cleaning, security and guiding.
The AI for Services network brings together Data and Artificial Intelligence businesses and academics with professionals working in the high value service sectors of legal, accountancy insurance and finance. This initiative is part of the Industrial Strategy Next Generation Services Challenge fund programme. Contact Astrid Ayel if you would like more information on the network or to discuss collaboration opportunities; you can also get in touch with her via LinkedIn or Twitter. About us: What is the AI for Services Network? Find out more information about the Industrial Strategy Next Generation Services Challenge fund here.
Robots are growing and impacting the way society, economy and the world are organized. Areas with the lowest income, usually rural regions, are more vulnerable to the progress of automation. The permanent loss of jobs will be softened by new jobs that'll be created and demand new skills from people. Automation is likely to increase economic growth and boost productivity but it'll also increase inequality among the globe and drastically change it. When should we start preparing for these changes?
Given the Indian government's latest emphasis on developing a program for artificial intelligence, we chose to apply the strengths of ours (deep analysis of AI implications and apps) to figure out Since the first 90s, the IT and ITeS services sector of India has been of huge value to the economy of its gradually growing to account for 7.7 % of India's GDP in 2016. In an effort to cash in on this foundation, the present Indian administration announced in February 2018 that the federal government think tank, National Institution for Transforming India (NITI) Aayog (Hindi for Policy Commission), will spearhead a national program on AI focusing on investigation. This particular improvement comes on the high heels of the launch of a Task Force on Artificial Intelligence for India's Economic Transformation by the Commerce as well as Industry Department of the Government of India in 2017. The industry professionals we interviewed seemed to agree that artificial intelligence has definitely caught the attention of the Indian government as well as the tech community recently. Based on Komal Sharma Talwar, Co-founder XLPAT Labs as well as part of India's AI Task Force: "I really feel the Mody's government has discovered we have to have the proper policy in place so that there is a mission statement from their website as to just how AI must evolve in the nation so it is advantageous at big for the country." Certainly it is comments as Komal's which made us recognize that we ought to assist in figuring out a strategic path for artificial intelligence improvement in India – as well as find out almost as possible regarding the potential strategic value of the technology.
In present Digital age, Artificial intelligence has many prospects for developing countries. Artificial intelligence (AI) is the ability of a digital computer or computer-controlled robot to perform tasks associated with intellect and reasoning. According to report by Mc Kinsey 2018 Global institute, artificial intelligence has the potential to add to global output by about 16 percent or around $13 trillion by 2030. It has potential to contribute to an annual average productivity growth of about 1.2 percent by 2030. Artificial intelligence (AI) has potential to contribute towards productivity enhancement in various sectors through job and capacity creation.
Last week, a video went viral on social media around the world. It shows a robotic arm picking up a bowling ball, spinning its arm around, and hurling the ball down the lane at speed, sending all the bowling pins flying. It soon emerged that the very real-looking video was in fact fake, the work of a motion graphics designer who had hash-tagged it with words such as animation, rendering and CGI to indicate that it was computer-generated, before sharing on social media. Nonetheless, from the reactions it was clear that not everyone picked up the clues; many if not most people thought it was real. The impossibility of distinguishing between fake and real in images and videos is an everyday occurrence now, something we just have to live with.
It is the year 2035. Your self-driving car has dropped you in front of your office and your robot receptionist is giving you a list of all visitors. You are hungry and are checking your food (hydroponic plants for fruits and vegetables and in-vitro cloned meat) source on a vertical building plant on a mind-controlled phone. You unload your package, sign the delivery ledger and walk back to your AI controlled cabin that has everything set as per your preferences. No, this is not fiction we are talking about.
To describe the future of work, Richard Baldwin is developing a new lexicon. The professor of international economics at the Graduate Institute in Geneva warns that we are unprepared for the ways in which new technology is changing the nature of globalization. Baldwin's new book, The Globotics Upheaval: Globalization, Robotics, and the Future of Work, is a natural follow-up to his 2016 book, The Great Convergence. Three years ago, he explained how a third wave of globalization--a collapse in the cost of the movement of people thanks to technology--would be the most disruptive, because it hits workers in the service sector. Baldwin's new book, published earlier this year, breaks down what this disruption will entail.