At 2016’s Code Conference, Bill Gates, when asked about AIs, said that “it is the most exciting thing going on right now”.
He’s not the only one who feels that way. Sundar Pichai, CEO of Google, had the same sentiments. Pichai pointed out, that Google had already been using algorithms to improve its search functions long ago.
What is noteworthy, is the fact the 1 out of 5 searches that happen now, is done by voice. It’s a fact that when it comes to artificial intelligence, Google has been working on these machines for a far longer duration that its competitors. Pichai also believes that even though Google is ahead of the rest in this field, there is much to be learnt and all studies on AIs are at their infancy.
Even Amazon’s CEO, Jeff Bezos, believes that they are closing in on the golden era of personal assistants.
Bigger companies have the advantage in this field because they hold more data on people, which helps machines learn and adapt faster.
When it comes to e-commerce, Devin Wenig of eBay mentioned that predictive modelling is a familiar face. However, with better computing power from GPUs, bigger sets of data and more complex algorithms powering such change, systems can now be designed to work better. They not only use industry clustering, but are able to account for things such as demographics too. It’s about getting “seamlessly personal” right now.
Artificial intelligences can be seen as cognitive solutions, according to IBM’s CEO Ginni Rometty. She believes that AIs are capable of solving some of the world’s greatest problems. When man and machine come together, cognitive AIs, could be making every single decision for healthcare, which is an $8 trillion industry. She believes that this cognitive computing will be influencing every field in the future, as long as it’s digital. She made use of a teaching assistant, “Jill Watson”, to fool 60-70% of students into thinking that it was a real physical teaching assistant.
The issue with AIs however, is the fact that they might affect jobs, especially any form of jobs that are deemed as automatable. This is an unstoppable trend, and people, can only hope to stop it by learning new data skills, to learn to adapt to the changing scene.
Another possible dangers with regards to AIs was addressed by Tesla’s CEO, Elon Musk. He said, “not all AI futures are benign”. If AIs were controlled by a monopoly in a single company, or a small set of companies within an oligopoly, the concentration of power, could be dangerous. He suggested something known as Open.AI to help democratize AI power.
Nevertheless, the overall consensus at Code Conference agreed that AI and Machine Learning was a positive thing. With nearly most speakers and participants believing that there are more positive advantages over negative disadvantages.
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