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) …
The technology industry and policymakers need to address public concerns about artificial intelligence (AI) which are "not the fault of AI" itself, a tech executive said Tuesday. "It is the fault of developers, so we need to solve this problem," said Song Zhang, managing director for China at global software consultancy, ThoughtWorks. Consumer worries relating to AI include concerns about personal privacy and how the systems may get out of control, said Zhang during a panel discussion discussing the "Future of AI" at CNBC's East Tech West conference in the Nansha district of Guangzhou, China. It is the duty of the tech industry and policymakers to focus on, discuss and solve such problems, said Zhang in Mandarin, according to a CNBC translation. Indeed, while consumers are curious about AI when they first come into contact with the technology, their mindset changes over time, said Rong Luo, chief financial officer of TAL Education Group.
Turns out that it's not only children who learn what they're taught. The same can be applied to AI-based algorithms. While AI solutions are helping industries everywhere detect insights hidden in data and images and automate business processes to provide better customer service, improved patient outcomes and a more streamlined and efficient workforce, they're still only as good as the data that fuels them -- data that is fed to them by humans. In essence, algorithms are trained to mimic the human thought process, but what happens when that thought process is tarnished with preconceived opinions, experiences and even outright biases? Data scientists and tech professionals are only humans, after all, and sometimes, even unwittingly, they can carry this baggage into the algorithm training process.
Executives from tech companies including Amazon, Google, and Facebook are expected to travel to the White House this week to discuss the country's future in artificial intelligence (AI). According to The Washington Post, representatives from 38 major U.S. firms will be in Washington, D.C. to talk about how the Trump administration can assist the nation's AI efforts through funding and regulation. For its part, the White House wants to question academics, government officials and AI developers about ways to adapt regulations to advance AI in fields including agriculture, health care and transportation. "Whether you're a farmer in Iowa, an energy producer in Texas, a drug manufacturer in Boston, you are going to be using these techniques to drive your business going forward," Michael Kratsios, deputy chief technology officer at the White House, said in a recent interview. In addition to the previously mentioned companies, others expected to attend include representatives from Microsoft, Nvidia and Oracle, as well as other businesses like Ford, Land O'Lakes, Mastercard, Pfizer and United Airlines.
US insurance company Lemonade are continuing their rise to the top using Artificial Intelligence, after revealing their research which shows they are gaining a large share of the New York market. The organisation only opened their doors to applications 8 months ago, and have quickly caught traction with customers as they put the user experience above all else. Lemonade's unique catch is that their insurance is powered off of AI and behavioural economics, removing the annoying and unnecessary paperwork and providing almost immediate approvals. Their Google Surveys revealed that in less than a year, Lemonade has captured almost 5% of the market share in renters insurance. Their ascent is even more incredible when considering that the average market share for the top 10 homeowners insurance is 6.3%, while being in business for 104 years.
The race for autonomous cars is starting to heat up after Ford announced they will be investing a billion dollars over the next five years into Argo AI, an artificial intelligence company. Ford have previously made it clear to the public they will be releasing a self-driving car in 2021 and this monumental investment into developing the best AI technology only reinforces their commitment to the cause. Argo AI, founded by former Google and Uber leaders, will be sharing their robotics and AI expertise with Ford to further develop Ford's already advanced virtual driver system. Ford President and CEO, Mark Fields, compares autonomous vehicles to Ford's previous accomplishments in terms of their impact. "The next decade will be defined by the automation of the automobile, and autonomous vehicles will have as significant an impact on society as Ford's moving assembly line did 100 years ago," he said.
Artificial Intelligence (AI) is often discussed in terms of the threat it poses, whether real (automation disrupting numerous industries) or imagined (AI taking over the human race). The AI for Good Foundation, however, is committed to helping the world through AI, and has partnered with Syngenta, an agrochemical company, to launch the Syngenta AI Challenge. Participants are required'to develop a model that could be used to help scientists analyse large amounts of seed data more efficiently and effectively'. They will be tasked to find out'which soybean varieties will perform better in farmers' fields in 2015 & 2016?'. To do this, entrants will be provided with a large range of data over a four-month period, before officially submitting their efforts by June 1 of this year.