Is Artificial Intelligence the Next Dot-Com Bubble?

Is #ArtificialIntelligence the Next Dot-Com Bubble? 

 #fintech #VC #AI @nanalyzetweets

  • We’ll stick to playing rock-paper-scissors with AI, but all of this is leading to some serious visibility for AI as an emerging technology – which as investors make us want to get some skin in the game.
  • The recent news that artificial intelligence (AI) startup Afiniti may have confidentially filed for IPO was the first time that we started to feel like this thing might be revving up for real now.
  • It wasn’t just because this would be the first pure-play AI startup to see an IPO, it was because we really couldn’t believe how effective Afiniti’s technology was in adding value.
  • Secondly we’re also seeing a very large number of AI startups getting into the game (over 1,500) which is the same sort of pile-on mentality we saw in the dot-com era.
  • Now you just add a tagline to that same website that says “powered by AI” and now you’re an “AI company”.

If you’ve played Texas Hold’em, then you know how tough it is to be a good poker player. Lots of venture capitalists like to play poker, so it wasn’t surprising to see one who thought to himself “let’s see how good artificial intelligence (AI) really is“. He consulted a team of engineers and computer scientists to see where they might be able to exploit the AI agent named Lengpudashi. They then played 36,000 hands over 5 days and the AI agent kicked the isht out of them. We’ll stick to playing rock-paper-scissors with AI, but all of this is leading to some serious visibility for AI as an emerging technology – which as investors make us want to get some skin in the game. The problem is, there aren’t many ways to do that yet.
Continue reading “Is Artificial Intelligence the Next Dot-Com Bubble?”

Consumers confused about artificial intelligence: Study, IT News, ET CIO

Consumers confused about artificial intelligence: Study  #Analytics

  • New Delhi, Most customers are confused about the use of artificial intelligence (AI) and are, therefore, reluctant to embrace this new technology, a study said on Friday.Released by US-based software firm Pegasystems, it revealed that these fears are often eased once the users gain firsthand AI experience — which ironically many enjoy without even realising it.
  • “Our study suggests the recent hype is causing some confusion and fear among consumers, who may not really understand how it’s already being used and helping them every day,” said Don Schuerman, Vice President (Product Marketing) Pegasystems.The study that involved 6,000 customers in six countries found that consumers were hesitant to fully embrace AI devices and services.
  • “Only 36 per cent are comfortable with businesses using AI to engage with them.
  • Almost 72 per cent express some sort of fear about AI,” the study found.Twenty four per cent of respondents even worried about robots taking over the world.Interestingly, 34 per cent of respondents said they had directly experienced AI but when asked about the technologies they used it was revealed that 84 per cent actually used at least one AI-powered service or device.Seventy two per cent respondents confidently claimed they understood AI but very few could correctly define it.
  • “Though AI has been around for more than 30 years, it has now evolved to the point that businesses can engage with each individual consumer on a real-time, one-to-one basis,” Schuerman said.Businesses need to focus on using AI to develop applications that provide real value for customers to improve their experiences rather than overhyping the technology itself, the findings suggested.

Most customers are confused about the use of artificial intelligence (AI) and are, therefore, reluctant to embrace this new technology, a study said o..
Continue reading “Consumers confused about artificial intelligence: Study, IT News, ET CIO”

Nearly 1 in 4 fear robots taking over the world

Nearly 1 in 4 fear robots taking over the world  #robotics #AI MT @HopeFrank

  • The Pegasystems survey of 6,000 customers across six countries found that close to three quarters (68%) of Brits express some sort of fear about AI, with almost one quarter (23%) worried about robots taking over the world.
  • Further findings revealed the potential impact of these deep-rooted fears on businesses, with less than one in three (28%) of British consumers comfortable with businesses using AI to engage with them.
  • Robots and AI were also found to confuse consumers, with the survey exposing a basic misunderstanding of AI.
  • Less than a quarter (23%) of UK consumers who report no AI experience feel at ease with businesses using AI to engage with them.
  • But for UK AI consumer veterans, this number jumps to 56% – a full 33 points higher.

A Pegasystems survey has revealed the extent of consumer AI fears, with almost one quarter (23%) of Brits were worried about robots taking over the world.
Continue reading “Nearly 1 in 4 fear robots taking over the world”

2017 and Beyond: How Digital Innovation Will Impact the World

How #Digital #Innovation Will Impact the World  #blockchain #BigData #AR #VR #IoT #ML #DL #AI

  • Recently Gartner, Inc., revealed its top predictions for IT organizations and users for 2017 and beyond, focusing on three fundamental effects of continued digital innovation: experience and engagement, business innovation, and the secondary effects that result from increased digital capabilities.
  • “Gartner’s top strategic predictions continue to offer a provocative look at what might happen in some of the most critical areas of technology evolution.
  • At the core of future outcomes is the notion of digital disruption, which has moved from an infrequent inconvenience to a consistent stream of change that is redefining markets and entire industries,” said Daryl Plummer, managing vice president, chief of research and Gartner Fellow.
  • “Last year, we said digital changes were coming fast.
  • In this slideshow, Gartner has outlined the top predictions for IT organizations and users for 2017 and beyond.

Digital innovation is by far the biggest influencer, changing the way we do everything, from shopping to communication to running a business.
Continue reading “2017 and Beyond: How Digital Innovation Will Impact the World”

From Alan Turing to your dinner reservations and productivity: the story of the bots

More than 2.5 billion people have at least one messaging app on their phones. #AI

  • The future is not just one of building standalone bots or bots on platforms.
  • Saving the consumer time is just one of the compelling use cases of bots.
  • The first step in building the future of bots is understanding the landscape today.
  • The market for bot applications is huge and will parallel the pool of users already using chat as a channel to interact with friends and family.
  • The potential uses for bots are tremendous given the breadth of potential applications.

Bots are a growing segment of software that acts as an agent on a human’s behalf. These tasks range from ordering online, to making dinner reservations, to handling customer service requests, to helping employees be more productive in the workplace.
Continue reading “From Alan Turing to your dinner reservations and productivity: the story of the bots”

Time saving or future changing? Here’s what we know about the bot landscape

The bot landscape #AI

  • The future is not just one of building standalone bots or bots on platforms.
  • The first step in building the future of bots is understanding the landscape today.
  • Saving the consumer time is just one of the compelling use cases of bots.
  • The potential uses for bots are tremendous given the breadth of potential applications.
  • The real value of bots is in their agency to act on your behalf.

Bots are a growing segment of software that acts as an agent on a human’s behalf. These tasks range from ordering online, to making dinner reservations, to handling customer service requests, to helping employees be more productive in the workplace.
Continue reading “Time saving or future changing? Here’s what we know about the bot landscape”

An overview of the bot landscape

An overview of the #bot landscape #AI #MachineLearning @OReillyMedia

  • The market for bot applications is huge and will parallel the pool of users already using chat as a channel to interact with friends and family.
  • Just about every venture firm and corporation is trying to wrap their heads around where they can leverage bots and how to plan a bot strategy.
  • The idea behind bots dates back to Alan Turing ‘s early research on computing machinery and intelligence in the 1950s.
  • Saving the consumer time is just one of the compelling use cases of bots.
  • The future is not just one of building standalone bots or bots on platforms.

Are bots your new best friend?
Continue reading “An overview of the bot landscape”