Artificial intelligence is pervading practically every other industry from marketing to travel to agriculture and beyond. And it is growing fast.
According to Tractica, AI revenue will grow from $643.7 million in 2016 to $38.8 billion by 2025.
AI revenue will grow from $643.7 million in 2016 to $38.8 billion by 2025. –Tractica
According to O’Reilly, this year in AI will include richer human-machine interaction, more unsupervised AI learning, and continued discussion on ethics, privacy, and economic impacts of this highly disruptive technology.
This year is also likely to bring more advanced artificial intelligence language learning techniques as well as AI learning techniques that harness the power of generative adversarial networks according to the MIT Technology Review.
Although many advancements have been made and AI continues to grow into nearly every niche imaginable, we are, of course, still confronting problems that open doors for entrepreneurs that have the potential to be highly lucrative.
Not the least of these problems is what has come to be referred to as the “black box” problem.
Essentially, artificial intelligence algorithms have become so highly advanced and self-directed that often researchers do not understand the intermediate steps that advanced AIs use to get from initial problem to solution.
Advancements from Wojciech Samek, a researcher at Fraunhofer Institute for Telecommunications at the Heinrich Hertz Institute in Berlin, and his colleagues have come together to be able to backtrace the steps a neural network takes to achieve a solution while highlighting the most important, relevant information that has had an impact on the output, according to Science Magazine.
Another issue is the sheer complexity of language and all its various subtleties–a barrier to deep conversation with AIs despite the vast number of available AI chatbots.
Beyond even that are deeper philosophical and ethical issues in artificial intelligence. The world is considered about issues with discrimination, privacy, and even the possibility of consciousness.
Ambitious entrepreneurs have opportunities to enter this high-tech field from a variety of angles, whether research, specialization, or ethics.
Most industries can benefit from the addition of AI, and chatbots appear to be a common entrypoint. One leader in this field is Conversica.
Conversica uses artificial intelligence to help marketing and sales teams focus on what is most important to them. They utilize AI to have customer conversations that appear completely human. Their AI can answer basic questions, arrange meetings and calls, and knows when to pass along a lead to the sales team.
Involvement in the field of artificial intelligence can impact the trajectory of humanity as a whole, from our economy to our healthcare and beyond–even outside our solar system.
With so many questions to answer about artificial intelligence, now is the time to enter this exciting field and help bring answers to some of humanity’s most perplexing problems.
Where do you see AI headed? Let us know in the comments below!