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Don't fear AI, find ways to embrace it
While the word “artificial intelligence” was coined in 1956, it is only in the last decade where substantial progress has been made in this.
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While the word “artificial intelligence” was coined in 1956, it is only in the last decade where substantial progress has been made in this.
(Shutterstock/File)
N
o company in the world arouses the fear among competitors that Amazon does when it enters a market or a line of business. From a humble beginning when its founder Jeff Bezos raised US$1 million in 1995, the company today is worth over $700 billion.
Along the way it has successfully disrupted almost every sphere of business it entered. It’s most prominent, if understated, impact has been the manner in which it allowed start-ups to dump the expensive server racks, which were cost prohibitive and move toward cloud services wherein costs were variable based on usage. That allowed start-ups to work on low budgets and led to the revolution that redefined Silicon Valley.
Its big gamble for the coming decade is undoubtedly in Artificial Intelligence (AI) — basically intelligence displayed by machines with little or no human intervention. (I’ll leave concepts like machine learning, deep learning out of this for the sake of simplicity) Think Jarvis in the blockbuster Iron Man.
No major technology company in the world is underestimating the scope of AI. Google’s CEO has labeled it as more important than electricity or fire. Elon Musk of Tesla sees it as so important and life-changing that he wants it to be regulated before machines get more powerful than humans.
