Archive for the ‘Artificial Intelligence’ Category

An understanding of AIs limitations is starting to sink in – The Economist

Jun 11th 2020

IT WILL BE as if the world had created a second China, made not of billions of people and millions of factories, but of algorithms and humming computers. PwC, a professional-services firm, predicts that artificial intelligence (AI) will add $16trn to the global economy by 2030. The total of all activityfrom banks and biotech to shops and constructionin the worlds second-largest economy was just $13trn in 2018.

PwCs claim is no outlier. Rival prognosticators at McKinsey put the figure at $13trn. Others go for qualitative drama, rather than quantitative. Sundar Pichai, Googles boss, has described developments in AI as more profound than fire or electricity. Other forecasts see similarly large changes, but less happy ones. Clever computers capable of doing the jobs of radiologists, lorry drivers or warehouse workers might cause a wave of unemployment.

Yet lately doubts have been creeping in about whether todays AI technology is really as world-changing as it seems. It is running up against limits of one kind or another, and has failed to deliver on some of its proponents more grandiose promises.

There is no question that AIor, to be precise, machine learning, one of its sub-fieldshas made much progress. Computers have become dramatically better at many things they previously struggled with. The excitement began to build in academia in the early 2010s, when new machine-learning techniques led to rapid improvements in tasks such as recognising pictures and manipulating language. From there it spread to business, starting with the internet giants. With vast computing resources and oceans of data, they were well placed to adopt the technology. Modern AI techniques now power search engines and voice assistants, suggest email replies, power the facial-recognition systems that unlock smartphones and police national borders, and underpin the algorithms that try to identify unwelcome posts on social media.

Perhaps the highest-profile display of the technologys potential came in 2016, when a system built by DeepMind, a London-based AI firm owned by Alphabet, Googles corporate parent, beat one of the worlds best players at Go, an ancient Asian board game. The match was watched by tens of millions; the breakthrough came years, even decades, earlier than AI gurus had expected.

As Mr Pichais comparison with electricity and fire suggests, machine learning is a general-purpose technologyone capable of affecting entire economies. It excels at recognising patterns in data, and that is useful everywhere. Ornithologists use it to classify birdsong; astronomers to hunt for planets in glimmers of starlight; banks to assess credit risk and prevent fraud. In the Netherlands, the authorities use it to monitor social-welfare payments. In China AI-powered facial recognition lets customers buy groceriesand helps run the repressive mass-surveillance system the country has built in Xinjiang, a Muslim-majority region.

AIs heralds say further transformations are still to come, for better and for worse. In 2016 Geoffrey Hinton, a computer scientist who has made fundamental contributions to modern AI, remarked that its quite obvious that we should stop training radiologists, on the grounds that computers will soon be able to do everything they do, only cheaper and faster. Developers of self-driving cars, meanwhile, predict that robotaxis will revolutionise transport. Eric Schmidt, a former chairman of Google (and a former board member of The Economists parent company) hopes that AI could accelerate research, helping human scientists keep up with a deluge of papers and data.

In January a group of researchers published a paper in Cell describing an AI system that had predicted antibacterial function from molecular structure. Of 100 candidate molecules selected by the system for further analysis, one proved to be a potent new antibiotic. The covid-19 pandemic has thrust such medical applications firmly into the spotlight. An AI firm called BlueDot claims it spotted signs of a novel virus in reports from Chinese hospitals as early as December. Researchers have been scrambling to try to apply AI to everything from drug discovery to interpreting medical scans and predicting how the virus might evolve.

This is not the first wave of AI-related excitement (see timeline in next article). The field began in the mid-1950s when researchers hoped that building human-level intelligence would take a few yearsa couple of decades at most. That early optimism had fizzled by the 1970s. A second wave began in the 1980s. Once again the fields grandest promises went unmet. As reality replaced the hype, the booms gave way to painful busts known as AI winters. Research funding dried up, and the fields reputation suffered.

Many of the grandest claims made about AI have once again failed to become reality

Modern AI technology has been far more successful. Billions of people use it every day, mostly without noticing, inside their smartphones and internet services. Yet despite this success, the fact remains that many of the grandest claims made about AI have once again failed to become reality, and confidence is wavering as researchers start to wonder whether the technology has hit a wall. Self-driving cars have become more capable, but remain perpetually on the cusp of being safe enough to deploy on everyday streets. Efforts to incorporate AI into medical diagnosis are, similarly, taking longer than expected: despite Dr Hintons prediction, there remains a global shortage of human radiologists.

Surveying the field of medical AI in 2019, Eric Topol, a cardiologist and AI enthusiast, wrote that the state of AI hype has far exceeded the state of AI science, especially when it pertains to validation and readiness for implementation in patient care. Despite a plethora of ideas, covid-19 is mostly being fought with old weapons that are already to hand. Contacttracing has been done with shoe leather and telephone calls. Clinical trials focus on existing drugs. Plastic screens and paint on the pavement enforce low-tech distancing advice.

The same consultants who predict that AI will have a world-altering impact also report that real managers in real companies are finding AI hard to implement, and that enthusiasm for it is cooling. Svetlana Sicular of Gartner, a research firm, says that 2020 could be the year AI falls onto the downslope of her firms well-publicised hype cycle. Investors are beginning to wake up to bandwagon-jumping: a survey of European AI startups by MMC, a venture-capital fund, found that 40% did not seem to be using any AI at all. I think theres definitely a strong element of investor marketing, says one analyst delicately.

This Technology Quarterly will investigate why enthusiasm is stalling. It will argue that although modern AI techniques are powerful, they are also limited, and they can be troublesome and difficult to deploy. Those hoping to make use of AIs potential must confront two sets of problems.

The first is practical. The machine-learning revolution has been built on three things: improved algorithms, more powerful computers on which to run them, andthanks to the gradual digitisation of societymore data from which they can learn. Yet data are not always readily available. It is hard to use AI to monitor covid-19 transmission without a comprehensive database of everyones movements, for instance. Even when data do exist, they can contain hidden assumptions that can trip the unwary. The newest AI systems demand for computing power can be expensive. Large organisations always take time to integrate new technologies: think of electricity in the 20th century or the cloud in the 21st. None of this necessarily reduces AIs potential, but it has the effect of slowing its adoption.

The second set of problems runs deeper, and concerns the algorithms themselves. Machine learning uses thousands or millions of examples to train a software model (the structure of which is loosely based on the neural architecture of the brain). The resulting systems can do some tasks, such as recognising images or speech, far more reliably than those programmed the traditional way with hand-crafted rules, but they are not intelligent in the way that most people understand the term. They are powerful pattern-recognition tools, but lack many cognitive abilities that biological brains take for granted. They struggle with reasoning, generalising from the rules they discover, and with the general-purpose savoir faire that researchers, for want of a more precise description, dub common sense. The result is an artificial idiot savant that can excel at well-bounded tasks, but can get things very wrong if faced with unexpected input.

Without another breakthrough, these drawbacks put fundamental limits on what AI can and cannot do. Self-driving cars, which must navigate an ever-changing world, are already delayed, and may never arrive at all. Systems that deal with language, like chatbots and personal assistants, are built on statistical approaches that generate a shallow appearance of understanding, without the reality. That will limit how useful they can become. Existential worries about clever computers making radiologists or lorry drivers obsoletelet alone, as some doom-mongers suggest, posing a threat to humanitys survivalseem overblown. Predictions of a Chinese-economy-worth of extra GDP look implausible.

Todays AI summer is different from previous ones. It is brighter and warmer, because the technology has been so widely deployed. Another full-blown winter is unlikely. But an autumnal breeze is picking up.

This article appeared in the Technology Quarterly section of the print edition under the headline "Reality check"

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An understanding of AIs limitations is starting to sink in - The Economist

COVID-19 Impact and Recovery Analysis- Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024 | Growing Adoption of Cloud Based Solutions to…

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the artificial intelligence-as-a-service (AIaaS) market and it is poised to grow by USD 15.14 billion during 2020-2024, progressing at a CAGR of over 48% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Growing adoption of cloud based solutions has been instrumental in driving the growth of the market.

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Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Segmentation

Artificial Intelligence-as-a-Service (AIaaS) Market is segmented as below:

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Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial intelligence-as-a-service (AIaaS) market report covers the following areas:

This study identifies the increasing adoption of AI in predictive analysis as one of the prime reasons driving the artificial intelligence-as-a-service (AIaaS) market growth during the next few years.

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Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

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Internet of Things (IoT) Market to Hit $1,102.6 Billion by 2026; Advancements in Artificial Intelligence-based Technologies to Feed Market Growth:…

Pune, June 15, 2020 (GLOBE NEWSWIRE) -- The global IoT market size is projected to reach USD 1,102.6 billion by 2026, exhibiting a CAGR of 24.7% during the forecast period. The outbreak of the COVID-19 pandemic is expected to create ample innovation opportunities in the market, finds Fortune Business Insights in its report, titled Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 2026.

IoT is swiftly emerging as viable option solution of tracking, monitoring, and ultimately preventing the spread of the coronavirus infection around the world. Many companies are bringing out innovative products to aid frontline healthcare workers to effectively fight the contagion. For example, the Shanghai Public Health Clinical Center is utilizing connected thermometers developed by the Californian health startup, VivaLNKs, to monitor temperatures of COVID-19 patients and protect workers from getting infected. Canada-based Visionstate designed its IoT buttons product for hospitals in Vancouver, to be used for sending alerts to officials regarding maintenance and sanitation issues. These novelty solutions powered by IoT are bolstering response of healthcare systems in many countries to the COVID-19 pandemic, benefiting the Internet of Things market growth in the process.

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this market.

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As per the report findings, the market value was at USD 190.0 billion in 2018. The other highlights of the report include:

Market Driver

Increasing Applicability of IoT in Agriculture to Augment Market Growth

Adoption of smart farming methods is opening a new avenue of growth for Internet of Things. The Food and Agriculture (FAO) opines that application of IoT in agriculture could prove instrumental in meeting the escalating food demand worldwide by making farming activities more efficient. The lucrative opportunities generated by this sector have prompted many start-ups to explore and advance the integration of IoT in agricultural productivity. Some of them are:

Regional Insights

Evolving Connectivity Infrastructure in Asia Pacific to Ensure Its Leading Position

Among regions, Asia Pacific is set to command the Internet of Things market share during the forecast period on account of rapid improvement in internet connectivity and growing usage of smartphones. China, which accounts for 64% of the global cellular connections, is likely to present plenty of attractive opportunities for market players. In 2018, the regions market size was at USD 74.5 billion.

Europe and North America are anticipated to showcase steady growth in the coming years owing to massive investments in 5G technology and active adoption of Internet of Things for manufacturing activities. Moreover, the two continents are home to some of the biggest technological companies in the world that are aggressively innovating in AI and IoT applications.

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Competitive Landscape

Collaborative Innovation by Market Leaders to Stir Competitive Spirits

The competitive landscape of the IoT market is dominated by the presence and operations of tech behemoths such as Microsoft and Oracle. These companies are making speedy advancements in the Internet of Things and other AI-based technologies through innovation-centric collaborations with smaller players and new entrants.

Industry Developments:

List of Key Players Profiled in the Internet of Things Market Report:

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Detailed Table of Content

TOC Continued..!!!

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3000 Bar using artificial intelligence technology to check temperatures of patrons – WSMV Nashville

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3000 Bar using artificial intelligence technology to check temperatures of patrons - WSMV Nashville

MotoGP, Ducati in the future: artificial intelligence to go faster – GPone English

Year after year, motorcycling has changed and continues to change, going hand in hand with technological progress, and as expected yet another step forward is just around the corner. Its strange to talk about technology and think of the bikes raced by legends like Angel Nieto or Eddie Lawson, but everything evolves and the world of two wheels is no exception.

Ducati has been talking about the next step in technological terms, in a telematic meeting organized together with its partner Lenovo and open to the press: the fact that manufacturers try to improve the performance of the bike by digging into every scientific-technical area is well-known, but the next move will be none other than artificial intelligence.

The concept was explained by Gabriele Conti, head of Ducatis electronic systems department. "It is no longer just about collecting data, but also about analysing it in depth, and the next step will involve the use of Artificial Intelligence. I think it's the future, because we need something that thinks faster than humans, which artificial intelligence can do. Among other things, we are already using a machine to learn. "

Conti continued in his analysis, accompanying us on a little walk into the future

We already use some parameters calculated with a machine, which is able to manage an incredible amount of data, something that we just cannot do. It performs correct calculations and manages to obtain parameters in real time. The next step, and we are already working on it, will help track and factory engineers to develop the new bike ".

But what does a rider think of all this? The answer was provided by Danilo Petrucci, who confirmed that the riders are now focussing on the study of data.

Unfortunately, we have to spend more time looking at the data than riding a motorbike: it is a way to understand how to ride better, 80% of the bike's configuration is based on data. In this sense, for every Grand Prix I receive from my chief engineer a seven-page email with the data: this has been the case since 2015, I 've still saved them all. " Ladies and gentlemen, welcome to the future.

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MotoGP, Ducati in the future: artificial intelligence to go faster - GPone English