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Five Tips For Life Sciences Companies To Protect Their AI Technologies

#artificialintelligence

Artificial intelligence (AI) has revolutionized many technology areas. As a few examples, it has already been instrumental in improving and enabling voice recognition algorithms, digital assistants, advertisement recommendation engines and financial trading applications.[1] Significant investment is being made for further development of this promising new technology, with R&D spending on AI predicted to reach $57.6 billion by the end of 2021.[2] Along with these R&D efforts, companies are also trying to protect and monetize their AI inventions, in some cases opting to seek patent protection. From 2002 to 2018, the number of AI patent applications filed with the United States Patent and Trademark Office (USPTO) more than doubled, from 30,000 to 60,000.[3] These R&D efforts are no longer limited to software companies.


30 Powerful Artificial Intelligence Examples you Need to Know

#artificialintelligence

Artificial Intelligence (AI) may look like something out of the pages of a sci-fi book, yet you'd be surprised how often you use it daily. As the technology continues to improve, AI will become even more common with more widespread utilization among diverse industries. To start with, let's begin with the basic definition of Artificial Intelligence (AI) and what it includes. Seeking Alpha gives a very apt description of the same in their article- At a basic level, artificial intelligence is the concept of machines accomplishing tasks which have historically required human intelligence. Applied AI: Machines designed to complete very specifics tasks like navigating a vehicle, trading stocks, or playing chess – as IBM's Deep Blue demonstrated in 1996 when it defeated chess grand master Gerry Kasparov. General AI: Machines designed to complete any task which would normally require human intervention. The broad nature of General AI requires machines to "learn" as they encounter new tasks or ...