Can We Trust AI? Trust That is Now Net Positive?; AI is Helping to ID Trends & Response Actions; Spots Trends, Problems, & Changes But Cost Is of Concern; Multiple Mergers Going On;

ARTIFICIAL INTELLIGENCE

SITUATION:
The complexity of AI makes it challenging to trust.
Banking now is big spender in AI processes;
Rising E Commerce Activity is driving AI Development.
Europe seeks to curb use of AI to hire & do policing
Concern about costs, legal fees, & penalties is a constraint.

SIGNIFICANT SOLUTIONS: 
AI machine become a tool assisting individuals involved;
In performing tasks and functions even making inventions
Likely to continue in 2022 & beyond but will be more costly

STATS:
130 AI Mergers & Acquisitions in 2021 valued at $ 28 B
Compared with 120 at $5B in 2020; Likely to continue;
Microsoft gets into AI by buying Nuance Communications for $16 B;
Banks invested $9.43 Bn in 2020

SOURCES OR SOURCINGS:
WSJ 12 30 21 Issue
SA becomes the first country in the world to award a patent to an AI-generated invention.-
https://www.businessinsider.co.za/south-africa-first-in-the-world-to-award-an-ai-patent-2021-8

KEY PEOPLE:
Dabus’ creator is Stephen Thaler
Ryan Abbott, University of Surrey.
Steven Thaler, founder, Imagination Engines Inc
Better Cloud Inc – Thomas Donnelly
Rita Jyotiz – Group VP IDC Software

 

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