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)

Open-source community

Important from a business perspective and still largely underused by the business is the open-source community within machine learning. Much of research is available for free on GitHub, a repository of code, and can be picked up and used jointly with other pieces to build something unique you need. Never making a prototype was so fast and cheap as now. The open-source community is also an excellent source for potential hires as it accurately shows what a given person is capable of by just looking at his or her code repository.

Business-wise supporting the open-source community has many advantages: access to the talent pool, staying informed about current research. Moreover, it can bring business leads. Recall the model of Red Hat which was responsible for maintaining Linux and then earning money via support and customisations. In the end, Red Hat was acquired by IBM in one of the largest tech acquisitions to date at massive $34 billion closed in 2019.

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