Tech giants make a bet on AI in 2020
Posted On July 5, 2021
The technology industry is in the midst of a frenzy over artificial intelligence, with tech giants like Amazon, Facebook and Google pledging billions to build AI research labs and incubators, as well as fund tech research labs.
But there are concerns about whether AI will be a powerful force in the next few decades.
“The technology industry has never had a stronger focus on machine learning and AI than it does today,” said Nick Rassweiler, CEO of research firm Invenio.
He said the tech companies will be able to leverage the massive amount of data they have access to in order to create powerful artificial intelligence tools.
Rasswiler said these tools will be much more effective than the ones they currently have.
“They can learn from what they learn,” he said.
“We’re going to have a lot of tools that can help us make better decisions, which in turn will help us improve the world.”
Rasswitz said AI could have profound impact on the economy.
“You have to understand that AI is a very important driver of the economy, but also it’s a driver of human psychology,” he told Bloomberg News.
In fact, according to Rasswangers prediction, “The machine will outnumber humans in the coming decades. “
AI is going to be incredibly powerful for humanity, but it will also have a big impact on politics.”
In fact, according to Rasswangers prediction, “The machine will outnumber humans in the coming decades.
And that’s going to happen in ways that are not well understood.”
He said he expects the machines to have the power to be a “transformational force” in the future.
In the coming years, he said, AI will create jobs and reduce the need for humans to work.
“There are going to not be many jobs that require humans to be here,” he added.
“A lot of the jobs that people have now are going away.”
AI will affect everything From health care to education, Rasswiiler said AI will change the way we do business.
In his vision for the future, AI is going be used to replace the human workforce, and it will be used for everything from healthcare to education.
“In the healthcare sector, we have AI-enabled tools, which have been proven to be very effective,” he explained.
“If you look at the big pharmaceutical companies, they use this to get a better price from the human patient, which is a really important part of the health care industry.”
Raswiler told Bloomberg that the healthcare industry is going through a transformation, which will lead to “a whole new set of people” entering the industry.
“I think we’re going into a very different era in healthcare, which means AI will take a big role,” he predicted.
Raswiiler also warned that AI could impact everything from how people spend their money to how they organize their lives.
“People will have to rethink their entire social and economic systems in order for AI to be effective,” Rassws predicted.
He pointed out that AI will have a profound impact across everything from education to healthcare.
“This is going on in every aspect of the world right now,” he continued.
“What you have to remember is that the AI is not the only thing.
You also have the healthcare system, which I think is very powerful.
You have to think about how much money will be saved if AI can save money for the healthcare people.”
For more, check out Engadgets AI roundup of the year’s best tech products.