AI

AI is closer than we know

Comment

Image Credits: agsandrew (opens in a new window) / Shutterstock (opens in a new window)

Christoffer O. Hernæs

Contributor

Christoffer O. Hernæs is chief digital officer of Sbanken, Norway’s first digital-only bank and leading challenger bank.

More posts from Christoffer O. Hernæs

Artificial intelligence is one of the hottest subjects these days, and recent advances in technology make AI even closer to reality than most of us can imagine.

The subject really got traction when Stephen Hawking, Elon Musk and more than 1,000 AI and robotics researchers signed an open letter issuing a warning regarding the use of AI in weapons development last year. The following month, BAE Systems unveiled Taranis, the most advanced autonomous UAV ever created; there are currently 40 countries working on the deployment of AI in weapons development.

Those in the defense industry are not the only ones engaging in an arms race to create advanced AI. Tech giants Facebook, Google, Microsoft and IBM are all engaging in various AI-initiatives, as well as competing on developing digital personal assistants like Facebook’s M, Cortana from Microsoft and Apple’ Siri.

Mark Zuckerberg even wants to create his own version of Jarvis from Iron Man to run his home. At this year’s World Economic Forum in Davos it was stated that artificial intelligence is ushering in the fourth industrial revolution, which will change society as we know it and cost five million jobs by 2020.

Robots are no longer limited to traditional blue-collar jobs, fully automated assembly lines and high-frequency trading algorithms. White-collar jobs are ripe for automation, and robots are replacing bank tellers, mortgage brokers and loan officers in the financial industry. These examples follow strict repetitive rule-based routines, and a machine easily can perform them without any human interaction.

However, a recent development is the beginning of a new era of AI, in which AI can perform complex tasks and must no longer rely on pre-programmed rules for decision-making. Robo-advisor services like Betterment and Wealthfront are rising in popularity, and the hedge fund industry is launching AI-controlled funds that operate completely without human interaction. The co-head of one of these funds predicts that the time will come that no human investment manager will be able to beat the computer. But how is it possible for AI to operate autonomously without any human interaction?

Machine learning, one of the fundamentals behind AI, was defined by Arthur Samuel in 1959 as the science of getting computers to learn and act without being explicitly programmed. This technology is integral in the development of self-driving cars, IBM Watson and speech and image recognition, as well as solving some of our most challenging tasks, like making sense of the human genome.

Machine learning has its roots in statistical pattern recognition, and is fundamental in many everyday applications and services, like spam filters and web search algorithms. The fundamental aspect of machine learning is letting the computer program learn from examples. To accelerate machine learning development, Google released its machine learning system, TensorFlow, on GitHub, which led to Microsoft following up shortly thereafter.

Deep learning takes the concept of machine learning even deeper (pun intended), and can model complex non-linear relationships consisting of many layers. Deep learning is often mentioned interchangeably together with artificial/deep neural networks, which can be viewed as a biologically inspired programming paradigm that enables a computer to learn from observational data. Deep learning is considered the technique we apply to learn in neural networks.

Quantum computing is the latest and hottest in AI development. Google states they have in collaboration with NASA a quantum computer that is 100 million times faster than a traditional computer. The D-Wave 2X could theoretically complete calculations within seconds to a problem that might take a digital computer 10,000 years to calculate. However, Google states that quantum computing might not be suitable for deep learning.

While traditional computers rely on bits that are either 1 or 0, a quantum computer is based on qubits that can hold a superposition and be both 1 and 0 simultaneously. This state enables quantum computers to crunch data at an exponential rate. While quantum computing may not be suited for deep learning, it could revolutionize the field of optimization in logistics, investment strategies and energy production and consumption.

The road to true artificial intelligence is not paved with a single discipline, but rather a collection of specialized subject matters, techniques and theories that together interact to create some form of intelligence.

I have limited this post to include only a selection of the technologies and techniques applied in AI research and development. For further insight, I recommend looking into evolutionary computing and logic programming (even though I still hold a grudge against Prolog for making me feel too stupid to really understand how it works when I played around with it many years ago).

More TechCrunch

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the…

In Seoul summit, heads of states and companies commit to AI safety

Copilot, Microsoft’s brand of generative AI, will soon be far more deeply integrated into the Windows 11 experience.

Microsoft wants to make Windows an AI operating system, launches Copilot+ PCs

Some startups choose to bootstrap from the beginning while others find themselves forced into self funding by a lack of investor interest or a business model that doesn’t fit traditional…

VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead

Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country’s two largest ride-hailing companies. The upshot: a new law that…

Uber’s and Lyft’s ride-hailing deal with Minnesota comes at a cost

Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm identify less…

a16z’s American Dynamism team launches program to introduce technical minds to VC

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on…

Teen fintech Copper had to abruptly discontinue its banking, debit products

Autodesk — the 3D tools behemoth — has acquired Wonder Dynamics, a startup that lets creators quickly and easily make complex characters and visual effects using AI-powered image analysis. The…

Autodesk acquires AI-powered VFX startup Wonder Dynamics

Farcaster, a blockchain-based social protocol founded by two Coinbase alumni, announced on Tuesday that it closed a $150 million fundraise. Led by Paradigm, the platform also raised money from a16z…

Farcaster, a crypto-based social network, raised $150M with just 80K daily users

Microsoft announced on Tuesday during its annual Build conference that it’s bringing “Windows Volumetric Apps” to Meta Quest headsets. The partnership will allow Microsoft to bring Windows 365 and local…

Microsoft’s new ‘Volumetric Apps’ for Quest headsets extend Windows apps into the 3D space

The spam reached Bluesky by first crossing over two other decentralized networks: Mastodon and Nostr.

The ‘vote Trump’ spam that hit Bluesky in May came from decentralized rival Nostr

Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a roundup of…

There’s a real appetite for a fintech alternative to QuickBooks

The company is hoping to produce electricity at $13 per megawatt hour, which would be more than 50% cheaper than traditional onshore wind.

Bill Gates-backed wind startup AirLoom is raising $12M, filings reveal

Generative AI makes stuff up. It can be biased. Sometimes it spits out toxic text. So can it be “safe”? Rick Caccia, the CEO of WitnessAI, believes it can. “Securing…

WitnessAI is building guardrails for generative AI models

It’s not often that you hear about a seed round above $10 million. H, a startup based in Paris and previously known as Holistic AI, has announced a $220 million…

French AI startup H raises $220M seed round

Hey there, Series A to B startups with $35 million or less in funding — we’ve got an exciting opportunity that’s tailor-made for your growth journey! If you’re looking to…

Boost your startup’s growth with a ScaleUp package at TC Disrupt 2024

TikTok is pulling out all the stops to prevent its impending ban in the United States. Aside from initiating legal action against the U.S. government, that means shaping up its…

As a US ban looms, TikTok announces a $1M program for socially driven creators

Microsoft wants to put its Copilot everywhere. It’s only a matter of time before Microsoft renames its annual Build developer conference to Microsoft Copilot. Hopefully, some of those upcoming events…

Microsoft’s Power Automate no-code platform adds AI flows

Build is Microsoft’s largest developer conference and of course, it’s all about AI this year. So it’s no surprise that GitHub’s Copilot, GitHub’s “AI pair programming tool,” is taking center…

GitHub Copilot gets extensions

Microsoft wants to make its brand of generative AI more useful for teams — specifically teams across corporations and large enterprise organizations. This morning at its annual Build dev conference,…

Microsoft intros a Copilot for teams

Microsoft’s big focus at this year’s Build conference is generative AI. And to that end, the tech giant announced a series of updates to its platforms for building generative AI-powered…

Microsoft upgrades its AI app-building platforms

The U.K.’s data protection watchdog has closed an almost year-long investigation of Snap’s AI chatbot, My AI — saying it’s satisfied the social media firm has addressed concerns about risks…

UK data protection watchdog ends privacy probe of Snap’s GenAI chatbot, but warns industry

U.S. cell carrier Patriot Mobile experienced a data breach that included subscribers’ personal information, including full names, email addresses, home ZIP codes and account PINs, TechCrunch has learned. Patriot Mobile,…

Conservative cell carrier Patriot Mobile hit by data breach

It’s been three years since Spotify acquired live audio startup Betty Labs, and yet the music streaming service isn’t leveraging the technology to its fullest potential — at least not…

Spotify’s ‘Listening Party’ feature falls short of expectations

Alchemist Accelerator has a new pile of AI-forward companies demoing their wares today, if you care to watch, and the program itself is making some international moves into Tokyo and…

Alchemist’s latest batch puts AI to work as accelerator expands to Tokyo, Doha

“Late Pledge” allows campaign creators to continue collecting money even after the campaign has closed.

Kickstarter now lets you pledge after a campaign closes

Stack AI’s co-founders, Antoni Rosinol and Bernardo Aceituno, were PhD students at MIT wrapping up their degrees in 2022 just as large language models were becoming more mainstream. ChatGPT would…

Stack AI wants to make it easier to build AI-fueled workflows

Pinecone, the vector database startup founded by Edo Liberty, the former head of Amazon’s AI Labs, has long been at the forefront of helping businesses augment large language models (LLMs)…

Pinecone launches its serverless vector database out of preview

Young geothermal energy wells can be like budding prodigies, each brimming with potential to outshine their peers. But like people, most decline with age. In California, for example, the amount…

Special mud helps XGS Energy get more power out of geothermal wells

Featured Article

Sonos finally made some headphones

The market play is clear from the outset: The $449 headphones are firmly targeted at an audience that would otherwise be purchasing the Bose QC Ultra or Apple AirPods Max.

13 hours ago
Sonos finally made some headphones

Adobe says the feature is up to the task, regardless of how complex of a background the object is set against.

Adobe brings Firefly AI-powered Generative Remove to Lightroom