Posted on 02/27/2019 7:11:54 AM PST by SeekAndFind
PwC Consulting forecasts that artificial intelligence's contribution to world gross domestic product will jump from $2 trillion in 2018 to $15.7 trillion by 2030.
The first artificial intelligence (A.I.) patents were issued in the 1950s for machine learning and grew steadily to 19,000 by 2013. But the total number of A.I. patents almost tripled over the last five years to over 55,600.
This does not include another 256,456 worldwide patent publications for A.I. functional applications for biometrics, computer vision, natural language, information extraction, character recognition, scene understanding, and semantics.
The latest World Intellectual Property Organization (WIPO) reported that two United States companies lead the world in issued A.I. patents, with IBM holding 8,290 patents and Microsoft holding about 5,930 patents. But China has become the fastest growing competitor by focusing on machine learning techniques of bio-inspired approaches, which draw from observations to develop vector machines and supervised learning.
According to senior partner Frank Chen at Silicon Valley's Andreessen Horowitz, A.I. development suffered decades of booms and busts that venture capitalists referred to as "summers and winters." But the explosion in raw computer capacity in the last decade has allowed algorithms to leverage observances, to then make predictions on business, health, and legal matters.
PwC emphasizes that economic gains from A.I. could be highly dynamic, because they would ride on top of the 3-percent "baseline of long-term steady state economic growth" from "population growth, growth in the capital stock and technological change."
The current global benefit from A.I. capabilities is estimated to be about $2 trillion from labor productivity, personalization, time saved, and quality. Most A.I. in use today includes "digital assistants, chatbots and machine learning amongst others."
(Excerpt) Read more at americanthinker.com ...
Plenty of artificial intelligence in Congress and they just suck away the GDP, never mind keeping the real intelligence out.
I thought the Congress became the nexis of Fuzzy Logic.
Slot machines will become self-aware and start playing themselves.
Is that good? The universities came up short?
I’ve been reading a lot of articles about stocks that seem to have been written by someone with Severe learning disabilities.
Almost gibberish at times.
Found out they were AI written articles.
Use a product when it’s ready.
SO..... when are these ‘AI’ going to pay their ‘fair share’ of taxes ?
Not even enough to pay off the part of the National Debt that Saint obama the Divine added...
Not artificial intelligence, but natural stupidity. ☺
Whenever I call a company for help, it’s for something unusual. I do not call to hear “Do you want to hear your last three transactions”or “Do you want to hear about coughs and colds?”
Not one of the “chat bots” or voice systems has ever answered any of my questions. Not once in the decades these things have been running.
Even getting connected to the right department is impossible. Me: “Dr. Frank”. Robot: “Connecting you to Claims.”
When humans used to answer the phone, the accuracy of the conversation was 100%.
So, I find that I spend 4X or 5X MORE time getting done what I need to handle. The company saves money, but at MY expense of time. The analysis of contribution to GDP undoubtedly looks at the money saved by companies, not the huge explosion in wasted time by consumers.
Trying to get anything constructive done with these robots is the bane of modern existence (after Democrats, RINOs, SJWs, PC, and CW II, of course).
Or Trump. He’s on the same trajectory.
“We aren’t using the computing power we have. “
Just check out the reduced performance of spelcech, autocomplete and grammah checkers.
Plenty of artificial intelligence in Congress
—
I disagree.
It’s all quite natural.
And all very stupid.
No! Congresss thing is artificial stupidity.
I think AOC’s is real.
I’ve been reading a lot of articles about stocks that I assume are written by AIs. Formulaic, fill-in-the-blank, full of details that typically miss the big picture. Reading them, I can picture the algorithm in my head. They really show the “artificial” in “Artificial Intelligence”.
Sure, but only in BitCoin...
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