Artificial intelligence has the potential to transform nearly every industry. But, AI functions in a way that doesn’t fit into the normal patterns of disruption and innovation.
This post is from a talk I’ve given a few times about how to think about data, scarcity and intelligence in order to understand what’s unfolding.
Part 1: Where We’ve Just Come From: The Big Data Business Model
The neural network algorithms that modern artificial intelligence uses, the ones that drive trucks autonomously or detect cancer more accurately than humans, have been known and existed for decades.
What have brought us to an inflexion point are the discovery of computers many orders of magnitude more powerful at executing the needed calculations, and, more importantly, the availability of large datasets to feed the algorithms.