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)

Public programs

Realising the importance of AI, governments started joining the race as well. In recent years dozens of countries drafted their AI strategies, which usually concentrated on boosting the local startup ecosystem and incentivising large enterprises on R&D research.

The biggest AI spender in the world seems to be China, which some estimates to spend around $70 billion up to 2020 on AI-related research and businesses.87 The precise estimates are hard to make due to lack of transparency, however, the annual AI budget of China seems to be within the range of a couple to a dozen billion dollars.88 USA seems to have a similar yearly budget level, though due to US-China competition, we should see a growing level of investments in AI in upcoming years, as this technology is of strategic importance.

In general, 2019 was the biggest year in funding, both federal and private, for artificial intelligence ventures yet, and 2020 should be even bigger. This trend should...