Michelle Obama’s farewell speech today made me think of AI. In a few short powerful statements as she left The White House on her last day, the First Lady said: “Young people, you matter. You belong. Be focused. Be determined. Empower yourself with a good education. Then, get out there and use that education to build a country worthy of your ...
The part of artificial intelligence that we find the most promising is applications designed to improve the lives of people who have disabilities. It’s not easy to find #TechForGood that presents a strong business case but disability AI (sometimes called “assistive AI”) is one of those areas. How will we service 1 Billion People with ...
Will robo-judges replace human judges? About a month ago, an incredible story that machine learning could predict the outcome of Court decisions with 79% accuracy made international headlines. The story was newsworthy because of its obvious implications, namely that a $500 computer could, with some coding, replace human judges and produce judgements as accurate as humans. ...
We believe that chatbots that are on a messaging platform will become the number one way businesses engage with their customers (and do business) in less than two years time, and in about three years, will result in the shrinkage of traditional websites and the reduction in the creation of mobile apps. There are a number ...
Microsoft has released predictions for AI for the next decade written by 17 women in tech who work at Microsoft. The predictions call attention to the issue of inclusion in AI. For example, by 2020 there will be 1.4 million computing jobs in the US but just 400,000 qualified applicants to fill them. Since only 12% of ...
This article was published in American Banker by Christine Duhaime Disruption is from AI, not FinTech It is surprising how much ink is spilled on theories that banking is about to be wiped out by a tsunami called FinTech, resulting in the alleged mass closure of banks and unemployment of financial services professionals. Last time ...
What is the secret of what jobs will survive the world of AI? Some thoughts from AI professor Michio Kaku: Robots are good at pattern recognition but they don’t understand what they are seeing. What this means is that jobs that are non-repetitive where there is variation (construction, gardening, policing) will not be wiped out ...
MIT Technology Review has released a fascinating report on AI in Asia that is worth a read. Banks see AI as destructive According to the Report, the financial services industry in Asia is pessimistic about the future of AI, while all other industries see AI as a positive influence. The financial services sector felt that automation would destroy value. Industries in Asia, except banking, ...
The Office of the President of the US has released its long-anticpated report on AI called “Preparing for the Future of Artificial Intelligence.” Here is our summary of it, sprinkled with our thoughts. Medical AI One of the promises for AI is that it has benefits for society as a whole. The Report notes, for ...
Market value of $153 billion The artificial intelligence and robotics market was worth US$10.7 billion in 2014 and is expected to be worth US$153 billion by 2020 and to have a disruptive impact of between US$14 to US$33 trillion. The component for artificial intelligence alone (without robotics) is worth US$70 billion. Artificial intelligence is expected to ...
