Big Tech Bets Billions on Machine Learning Tools Says TechCrunch
This week again as usual, the bay area and abroad most followed and consumed tech news portal TechCrunch shows us how almost every week new AI models and concepts are produced both by new entrant startups and big tech companies that would want to use this new technology for improving not only their operations but their profitably. Yes, tech for tech is for hobbyists like me if a tool is to be adopted by a company big or small it must have a positive impact on profitability, productivity, or both, and remark that these two often go in tandem.
Then this week also Techcrunch give us a sense of where AI is heading with this article by Kyle Wiggers and Devin Coldewey which report $4 billion and $850 million of dollar of investment allocated to AI by big tech companies and VC like AWS, Salesforce Ventures, Workday, d Accenture and PwC. All this amount of fund planned for supporting AI initiatives that could make not only these companies smarter and we hope our life and work better also. Many is said about AI both positively and negatively but this is what should be expected because everytime a new innovative ideas, concepts, products or service hit the market, the actors of this market are almost always divided in two segments those who are doubtious about the opportunities behind the new things and those who can’t sleep because of the huge amount of opportunities they see behind the new thing. When the Web was a new thing there were many who believed that it’s was not a so big thing but look at now how we can’t live without it and how much of impact it has on our every day life and work. AI could have the same trajectory than the web taking bit by part small chunks of our life and work until we reach the point where everything we do is done with and/or by AI.
But will all this money that flows into AI produces better and smarter AI product? the answer is not necessarily yes because I remark that most of the things that have a huge positive impact on our daily life and work has not required so much funding at the beginning. Apple and Microsoft had little funding, Ebay, Paypal, Google and Amazon also but if we look at how these companies shaped our world of today we could be inclined toward thinking that the AI products and solutions that will make much impact could is probably actually under development by the hands of motivated entrepreneurs who are struggling to get fund for scaling their work and this possibly due to the negative impact of scoring algorithms that support most investment and credit decisions like in the example of this loan demand story told in article from the words of Meredith Whittaker, the president of secure messaging app Signal who showed how a person could be denied a loan this just with signals coming from his social media stream.
I think that what have been said by Meredith Whittaker is important for AI. We don't want an AI that classify us, cluster us, segment us, Divide us but one that connect us, helps us better collaborate, better communicate, better understand each other and more. If we want AI to be something that will make the world a better places we should design it to fix all the flaws that the Personal computer and the internet revolutions have raised, Flaws like interruption marketing, confirmatory bias, the effect of the long tail, polarization of opinions, and many more other particular characteristic of the the digitized world that we could take as flaw if we look in a particular way.
There is an opportunity to deploy AI that make the world and us better and I have no doubt that all the funding initiatives that have been reported by this Techcrunch article entitled Big tech bets billions on machine learning tools could help us get to This meaningful AI that I am seeing and I don't know if you do I hope your are.
Thank you for reading.
More content at PlainEnglish.io.
Sign up for our free weekly newsletter. Follow us on Twitter, LinkedIn, YouTube, and Discord.
Big Tech Bets Billions on Machine Learning Tools Says TechCrunch was originally published in Artificial Intelligence in Plain English on Medium, where people are continuing the conversation by highlighting and responding to this story.
https://ai.plainenglish.io/big-tech-bets-billions-on-machine-learning-tools-says-techcrunch-dbd7030d6ff3?source=rss—-78d064101951—4
By: Diop Papa Makhtar
Title: Big Tech Bets Billions on Machine Learning Tools Says TechCrunch
Sourced From: ai.plainenglish.io/big-tech-bets-billions-on-machine-learning-tools-says-techcrunch-dbd7030d6ff3?source=rss—-78d064101951—4
Published Date: Mon, 26 Jun 2023 01:57:49 GMT
