WHY IS EVERYONE TALKING ABOUT ARTIFICIAL INTELLIGENCE?
"I propose to consider the question, 'Can machines think?'"
- Alan Turing (1950)
More than 50 Billion dollars were invested in AI startups during the period between 2011 and 2018. But in 2020 alone 62.4 billion dollars were invested in AI. The question is- Why is everyone talking about artificial intelligence and why are they ready to invest so much in AI startups?
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You must have heard that "Artificial Intelligence is the future" or "Robots will soon take away our jobs". Technology has seeped into our lives in all sorts of ways. From medicine to transportation, from how we clean our houses to how electricity gets distributed, Science and Technology play a pivotal role.
But what is Artificial Intelligence and why is there a buzz around this keyword all over the internet? It's a vast branch of computer science concerned with building smart machines capable of performing tasks that require human intelligence. Artificial intelligence has been growing exponentially in the past decade. It promises to create a vastly more productive and efficient economy. It has been touching our lives in ways we don't notice. For example- Every time we go on Google and search for a keyword, there is some kind of AI that is working to show you the best results. It is undoubtedly one of the biggest scientific breakthroughs in the 21st century.
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The backbone of Artificial Intelligence is Machine Learning. Its nature is such that you can teach a machine anything you teach a normal human being. The basic goal of machine learning is quite simple, to improve the machine's performance on certain tasks. Doctors will be replaced by faster robotic doctors connected via the internet, drones and robots will replace courier and delivery people and whatnot. Every job that requires humans to learn, analyze, or apply is under a serious threat because of the popularity that AI is experiencing. Robots are faster, more effective, and eliminate human error to a large extent.
Artificial Intelligence is getting an astronomical amount of attention in today's world primarily because of an upsurge in the number of investments, data stored, computing power, and better algorithms. The reason behind its popularity lies in the features and applications it has to offer- gaming intelligence, voice and speech recognition, handwriting recognition, intelligent robots, virtual assistants, and many more. It's growing both as a field of study and also as an economy. As there are two sides to every coin, AI has both pros and cons. This makes it extremely vital to harness the potential of AI in the right and meaningful direction. It's developing faster than we think and if used properly can help us in a large number of ways.
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“AI is likely to be either the best or worst thing to happen to humanity”
- Stephen Hawking
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