Book Image

Artificial Intelligence Business: How you can profit from AI

By : Przemek Chojecki
Book Image

Artificial Intelligence Business: How you can profit from AI

By: Przemek Chojecki

Overview of this book

We’re living in revolutionary times. Artificial intelligence is changing how the world operates and it determines how smooth certain processes are. For instance, when you go on a holiday, multiple services allow you to find the most convenient flights and the best hotels, you get personalized suggestions on what you might want to see, and you go to the airport via one of the ride-sharing apps. At each of these steps, AI algorithms are at work for your convenience. This book will guide you through everything, from what AI is to how it influences our economy and society. The book starts with an introduction to artificial intelligence and machine learning, and explains the importance of AI in the modern world. You’ll explore how start-ups make key decisions with AI and how AI plays a major role in boosting businesses. Next, you’ll find out how media companies use image generation techniques to create engaging content. As you progress, you’ll explore how text generation and AI chatbot models simplify our daily lives. Toward the end, you’ll understand the importance of AI in the education and healthcare sectors, and realize the risks associated with AI and how we can leverage AI effectively to help us in the future. By the end of this book, you’ll have learned how machine learning works and have a solid understanding of the recent business applications of AI.
Table of Contents (10 chapters)

A short history of Artificial Intelligence

The term artificial intelligence was used the first time in 1955 by John McCarthy, a math professor at Dartmouth who organized the seminal conference on the topic the following year. In 1957 the economist Herbert Simon predicted that computers would beat humans at chess within 10 years (he was slightly wrong, it took 40). In 1967 the cognitive scientist Marvin Minsky said, Within a generation, the problem of creating artificial intelligencewill be substantially solved.Simon and Minsky were both intellectual giants, but they were wrong about AI badly. These dramatic but wrong claims caused various repercussions in how people in the second half of 20th century thought about AI: more as a subject of a science fiction novel than actual science.

The idea of an Artificial Intelligence, automation of certain repetitive processes, dates back to the Cold War when US intelligence was trying to translate Russian documents...