The digital AI future
copyright by observer.com
The digital AI future is here, and it’s going to radically change everything about the way we live and work. If that sounds far-fetched, just follow the money: From 2011 to 2015, investments in AI startups skyrocketed from $282 million to $2.4 billion. That’s a 751 percent increase.
Advances in big data technologies combined with inexpensive, massively scalable infrastructure and storage solutions are opening up new applications for AI. The technology helps us perform tasks better and infinitely faster. Eventually, AI will give us the ability to solve some of the humanity’s more important and complex problems, such as deadly disease, food shortages, and climate change. It will bring instant and cheaper autonomous transportation on land and air and will most likely even extend human life.
Andrew Ng, chief scientist at Baidu Research, was absolutely correct when he called AI the “new electricity,” poised to transform industry after industry. The time to prepare for this new world is now.
From sci-fi to reality
Tech giants like Google, Apple, Salesforce, and IBM are eager to buy up AI-related companies — nearly 140 have been acquired since 2011. Their efforts have gone a long way toward making AI more prevalent in the consumer market.
Although Apple’s Siri and Amazon’s Alexa are now household names, the applications for the technology extend far beyond turning the lights off in your home or playing your favorite Spotify station.
Big businesses placing big bets
Smarter machines, healthier people
Advancing humans for an advancing world
Mark Minevich is the principle founder of Going Global Ventures and venture partner of GVA Capital in Silicon Valley. He is also a senior fellow of the of the U.S. Council on Competitiveness in Washington, D.C., a board member of Comtrade Group, and senior adviser on Global Innovation and Technology of UNOPS. He is a task force member of the B20’s Digital Task Force as an expert in digitization, advanced autonomous systems, and the future of AI. Connect with @MMinevich on Twitter.