Artificial intelligence offers a chance for the Latin America's economies to leapfrog to greater innovation and economic progress. E-commerce firms have faced a conundrum in Latin America: How can they deliver packages in a region where 25% of urban populations live in informal, squatter neighborhoods with no addresses? Enter Chazki, a logistics startup from Peru, which partnered with Arequipa's Universidad San Pablo to build an artificial intelligence robot to generate new postal maps across the country. The company has now expanded to Argentina, Mexico and Chile, introducing remote communities and city outskirts to online deliveries. That's just one example of how machine learning is bringing unique Latin American solutions to unique Latin American challenges.

That's just one example of how machine learning is bringing unique Latin American solutions to unique Latin American challenges.

Artificial intelligence (AI) has been the talk of the start-up town for a while now. E-commerce major Flipkart plans to create an AI unit called AIForIndia. Online transportation network company Ola recently rolled out an AI-based real-time tracking mechanism for passenger safety. But Unicorns and established players aren't the only ones bullish on this technology. There is a clutch of newbie ventures that have focused their business models primarily around AI. From leveraging artificial intelligence for those in search of a life partner to deploying it for curating gourmet and healthy food menus, start-ups are utilising the much-in-demand technology in the most unique ways.

Artificial Intelligence (AI) is taking most of the sectors by storm, and finance sector is one of the beneficiaries. To a layman, AI basically is the ability of a machine or a computer program to perform functions in place of humans. Of late, several finance companies have been making investments in AI and autonomous devices such as Robo-advisors and chatbots that allow them to provide a simpler and less time-taking experience to clients. Improving economic backdrop in the United States has made these investments easy, especially for banks, majorly due to lower tax rates and capital strength. Let's walk through where AI is being applied and the potential areas of its use.

Artificial intelligence (AI) has taken the world by storm. Burly robots and humanoids are common in sci-fi but it would not be too ambitious to say that the human race may see a cyborg infiltration down the line. With the emergence of AI, various sectors such as defense, medical and aerospace are increasingly making use of the technology to boost productivity and cost-effectiveness. This is why investing in AI-related stocks is a prudent decision at this point. An area which is already experiencing a massive usage of machine learning and robotics is the defense sector. Drew Cukor, chief of the U.S. Department of Defense's (DoD) Algorithmic Warfare Cross-Function Team stated on Mar 6, 2018 that the near future is about to observe humans and computers working "symbiotically" in order to increase the efficacy of a weapon system to be able to detect a target and obliterate it.

Artificial intelligence (AI) has taken the world by storm. Burly robots and humanoids are common in sci-fi but it would not be too ambitious to say that the human race may see a cyborg infiltration down the line. With the emergence of AI, various sectors such as defense, medical and aerospace are increasingly making use of the technology to boost productivity and cost-effectiveness. This is why investing in AI-related stocks is a prudent decision at this point. An area which is already experiencing a massive usage of machine learning and robotics is the defense sector. Drew Cukor, chief of the U.S. Department of Defense's (DoD) Algorithmic Warfare Cross-Function Team stated on Mar 6, 2018 that the near future is about to observe humans and computers working "symbiotically" in order to increase the efficacy of a weapon system to be able to detect a target and obliterate it.

After a chequered history of six decades, artificial intelligence (AI) is not only back in the news, but making headlines for never-seen-before developments--a case in point being Sophia becoming the first robot citizen of Saudi Arabia. There is a strong technology tailwind to thank for the advances in AI. Computing power is expanding rapidly, even as its cost comes down. Connected devices and the internet of things (IoT) are spewing massive quantities of data for consumption by advanced analytics solutions. Further, the Open Source movement is fuelling AI-led innovation.

Artificial intelligence (AI) is no longer pure science fiction, relegated to books, television and dystopian movies - we're well past that point today. Growth and investment in AI have been astonishing, and its set to continue with Gartner predicting AI technologies will be in almost all new software by 2020. While there has definitely been a laser focus on AI in the past few years, consumers and businesses have actually been exposed to AI for a long time, perhaps without even knowing. As an example, how do you think Outlook knows which emails to put in your spam folder? Or how does your favourite online retailer know which other products you might like?

The AI (artificial intelligence) revolution is well and truly upon us, and we are at a significant watershed moment in our lives where AI could become the new electricity – pervasive and touching every aspect of our life. While many industries including healthcare, education, retail and banks have already started adopting AI in key business aspects, there are also new business models which are predicated on AI. With the global market of AI expected to grow at 36% annually, reaching a valuation of $3 trillion by 2025 from $126 bn in 2015, new age disruption is not only redefining the way traditional businesses are run, but is also unfolding as a new'factor of production'. However, the fear of what might happen once AI evolves into artificial general intelligence – which can perform any intellectual task that a human can do – has now taken centre stage with the ongoing debate between two tech titans – Elon Musk and Mark Zuckerberg. Similarly, Microsoft co-founder Bill Gates had also voiced his views that in a few years, AI would have evolved enough to warrant wide attention, while Facebook has ended up shutting down one of its AI projects as chatbots had developed their own language (unintelligible to humans) to communicate.

BENGALURU: Artificial Intelligence is expected to generate $100-120 billion by 2025 in productivity-led gains for the global ITBPM service providers, particularly in areas of consulting, engineering services, application development and others, a report by the Boston Consulting Group said. The report added that artificial intelligence could open up more than $400 billion in new addressable market over the next seven-to-ten years. "AI will completely redefine what is considered core, mid-or back-office ANIMI and help IT-BPM players penetrate'heart of the business' processes within verticals through BPaaS and domain-led solutions," BCG said. "This translates into 5-7 percentage points EBITDA impact for IT-BPM service providers" Indian IT players have already started investing in artificial insurance. Tata Consultancy Services has the the Ignio platform, Wipro has its Holmes platform, Infosys has the MANA platform, and HCL Technologies has a platform called DryICE. The consultancy, which put out the report in conjunction with the National Association of Software and Services Companies, outlined steps that companies should take to do well in the AI wave.