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) …
We've all read the dystopian fiction, watched those apocalyptic movies and heard a myriad of prophetic warnings heralding our obsolescence. Actually, we're not entirely sure what the future holds, but it's probably not fire and brimstone. For detractors and naysayers of technology, could there be a more fitting image than Terminator 2's opening shot? Listening to'techno-skeptics' can sure make it feel as though that's the end which inevitably awaits us. If we continue down our current path of imbuing machines with increasing levels of autonomy, learning abilities and artificial intelligence, eventually we'll inadvertently construct our own obsolescence - if not destruction!
Financial payments and banking started in a very inefficient and traditional way, which was slow but still acceptable to the customers due to the stage in the information age. FinTech is now changing the whole game. In my personal opinion and hand on experience FinTech was, is and will remain Blue Ocean player where its all about collaboration, partnership and synergies. Competition is red ocean game. So I say FinTech is the Blue Ocean Strategy player.
The banking and financial sectors are on the brink of a fundamental structural change. Compliance regulations have kept these industries trapped in long-overdue legacy systems. Yet, senior executives understood that they need to make a shift towards integrating more technology into their daily operations. This decision is motivated by costs, efficiency, perception, and evolution. The current buzzword which is credited to be a catalyst for the financial sector's revolution is AI.
A strong declaration from a historically antagonist foe should put chills in the hearts of Americans preparing themselves for the world ahead: Russian President Vladimir Putin says the nation that leads in AI will be the ruler of the world " … The ruler of the world! "The development of artificial intelligence has increasingly become a national security concern in recent years. It is China and the US (not Russia), which are seen as the two frontrunners, with China recently announcing its ambition to become the global leader in AI research by 2030. Many analysts warn that America is in danger of falling behind, especially as the [current US] administration prepares to cut funding for basic science and technology research." Elon Musk, one of America's foremost technology advocates, predicts that countries seeking leadership (and domination) from artificial intelligence will be the basis for World War III.
In the 67 years since Alan Turing proposed his Imitation Game - the infamous'Turing test' for artificial intelligence (AI) - people have been confused over the very purpose of AI itself. At issue: whether the point of AI is to simulate human behavior so seamlessly that it can fool people into thinking they are actually interacting with a human being, rather than a piece of software. Such deception was never the point of Turing's exercise, however. Rather, he realized that there was no way to define true intelligence, and thus no way to test for it. So he came up with the game as a substitute - something people could theoretically test for.
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected]. Miami Blockchain Event by FinTechEXPO also offers sponsorship and exhibit opportunities. Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses.
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophisticated patterns, and chatbots replace the traditional mobile apps.
At a time when traditional banking institutions are just beginning to embrace the potential of collaboration with fintech firms, organizations like Google, Amazon, Facebook and Apple (GAFA) may disrupt the entire banking ecosystem once again. Subscribe to The Financial Brand via email for FREE!The banking ecosystem is in a state of transformation. New fintech entrants are coming into the marketplace regularly, while traditional providers are trying to adjust to the realities of digitalization, advanced technology and increasing consumer demands. Moving from a competitive perspective, traditional financial institutions and fintech firms now understand that collaboration may be the best path to long-term growth. Understanding the opportunity and being able to take action on this opportunity are not the same thing, however.
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it's simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be looking at some significant engineering investment. On-demand, serverless computing enables developers to try out a fleet of devices on IoT gateways with ease.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addresses many of the challenges faced by developers and operators as monolithic applications transition towards a distributed microservice architecture.