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) …
"Through 3D printing, fast automation, artificial intelligence, advanced IT systems," Weber said. His lab recently trained a Baxter assembly robot to understand and respond to natural language commands. Researchers from MIT's Computer Science and AI Lab (CSAIL) recently revealed their similar efforts, which they've dubbed ComText -- as in "commands in context". The current problem is that robots generally see the world at a relatively low level -- in pixels and sensor readings -- but humans see it as related concepts, connected to form reasoning and higher order thinking, Paul explained.
Deep Learning or DL is a subfield of machine learning which makes use of artificial neural networks, a mathematical system inspired by the way neurons function in the human brain. AI is fast becoming an integral part of the drone industry by enhancing the intelligence of the drone systems with respect to flight operations, data management and most importantly traffic management. DL as already discussed earlier is an AI technique that gains knowledge through training a neural network, a computer system that's designed to process information like the human brain. It provides a complete end to end solution where it will design the optimum flight path for the drone in order to capture the most complete data for any use-case, fly the drone across this flight path and generate and analyze thorough 3D models based on the data captured.
The global logistics industry is "unsophisticated" and due for a major shake-up, according to the boss of a cargo-handling giant. Mika Vehvilainen, chief executive of Finnish company Cargotec, expects autonomous vehicles and artificial intelligence to disrupt the market in coming years. "But it's also, from an operating cost point-of-view, clearly [beneficial] – about 40 per cent of port operating costs today in the Western world are labour costs. Meanwhile, the chief executive said his business had been negatively affected by the UK's Brexit vote last year.
The chief executive of Deutsche Bank has issued a stark warning about the impact of technology, saying a "big number" of his staff will lose their jobs as robots take over. In remarks reported by German publication Handelsblatt at a conference in Frankfurt, Cryan added: "The sad truth for the banking industry is, we won't need as many people as today." Cryan told the conference that Germany and Frankfurt had to decide how much they wanted to benefit from Brexit. While new finance jobs will be created in Dublin, Amsterdam and Paris – all vying for business leaving London – none of these have the infrastructure to take on the business.
"Over the next 20 years approximately 44 per cent of Australia's jobs, that's more than 5 million jobs, are at risk of being disrupted by technology, whether that's digitisation or automation," he said. "The sort of job losses that we did see in the manufacturing sector in Australia -- the car manufacturing sector -- are going to get into the administrative services and financial services sector in downtown CBD postcodes and that's the big challenge that lies in front of us," he said. Mr Thorpe agrees, adding that white-collar workers in Australia were "the big growth sector over the last 30 years". Mr Hajkowicz said the technology behind digital currency bitcoin -- known as blockchain -- also threatens to seriously shake up the industry.
Already, robotic process automation (rules-based software) is rapidly advancing from handling traditional applications for repetitive tasks to handling continuously changing tasks. And, in fact, AI will gradually replace humans in some functions like customer service, personal assistants and document processing. Indeed, they're even thinner on the ground than they were in 2008 when, answering a similar question, CEOs indicated people with technological skills are more plentiful today than ever before. But one thing's clear: business leaders in all industries and functions must move rapidly to drive value from AI.
As you may have noticed, we've been researching artificial intelligence (AI) and its economic and educational implications. From healthcare to transportation, we believe it is incredibly important for young people and adults to be learning about AI, and we are writing more about it to equip teachers and parents with information to help young people ask good questions about the implications of AI on their lives and livelihoods. To get the scoop, I sat Tom Vander Ark down for a podcast interview on AI. You'll also hear from Gerald Huff, a senior Silicon Valley software engineer, who shares his thoughts on AI and what it means for students and the transportation industry. Listen to the podcast, read excerpts from the interview below and be sure follow the campaign at #AskAboutAI.