{"id":218422,"date":"2017-06-10T11:24:39","date_gmt":"2017-06-10T15:24:39","guid":{"rendered":"http:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/ais-37-billion-market-is-creating-new-industries-venturebeat.php"},"modified":"2022-09-16T20:01:32","modified_gmt":"2022-09-17T00:01:32","slug":"ais-37-billion-market-is-creating-new-industries-venturebeat","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/artificial-intelligence\/ais-37-billion-market-is-creating-new-industries-venturebeat.php","title":{"rendered":"AI&#8217;s $37 billion market is creating new industries &#8211; VentureBeat"},"content":{"rendered":"<p><p>    Artificial intelligence (AI) is already trending, and its    still heating up.  <\/p>\n<p>    There are countless applications for AI  everything from    procuring better    search results to diagnosing complex    medical conditions.  <\/p>\n<p>    Developers and engineers are pooling their resources to create    the best AI algorithms they can, bringing the technology to new    industries and pushing the limits of what machine learning can    accomplish. The market for AI is projected to hit    $36.8 billion by 2025, and may only grow from there as    general AI gets closer and closer to human-level functionality.  <\/p>\n<p>    But the growing wave of AI is about more than just the AI    industry. In fact, there are dozens of secondary tech    industries that are developing or growing in response to AIs    growing needs and theyre worth considering if youre    looking for promising investments, or a new career path that    can support AI without getting into the thick of machine    learning.  <\/p>\n<p>    AI algorithms typically rely on multiple moving parts at once,    which puts a heavy demand on processing power. IBMs Watson,    for example, notorious for its victory over human Jeopardy    champions back in 2011, drew power from 90 interlinked IBM Power 750    servers. Each of those used a 3.5 GHz POWER7 8-core    processor, and 4 threads per core. Overall, thats 16TB of    RAM compare that to gaming PCs, even the most advanced    of which only rely on 64 GB of RAM. Oh, and dont forget that    Watson, while still impressively complicated, is sixyears    old at this point. Needs are only going to increase from here.  <\/p>\n<p>    In response, processing chip companies like Nvidia are    scrambling to try and produce processors that are specialized    to support deep learning algorithms. Nvidia recently    announced a Tesla V100 chip that provides more power for    less energy and could hypothetically increase the power of a    data center many times over.  <\/p>\n<p>    Ex-Google employees have also come together to found a company called    Groq, also racing to produce a better chip to support    machine learning.  <\/p>\n<p>    Next, AI algorithms need massive amounts of data storage. These    machine learning algorithms need to be fed with copious amounts    of data if theyre going to succeed in learning what theyre    programmed to learn.  <\/p>\n<p>    Watson, for example, reviewed the entire text of Wikipedia,    while Googles DeepMind played and stored countless Go matches    to ready itself to beat the world    champion. Self-driving cars, which will collect data on    their environments to get better and safer in driving humans to    their destinations, are estimated to create a whopping 4TB of data every    dayand thats per car.  <\/p>\n<p>    We need a cheap, reliable way to store our data. Thankfully, we    already have access to some impressive forms of data storage,    but technological futurists are moving ahead to create even    better methods of storage. For example, researchers from the    University of Southampton have created a method to store data in five    dimensions (rather than two), embedded in glass that could    last, well, practically forever. Finding a way to roll out new    technologies like these for use with advanced AI could be a    lucrative economic opportunity.  <\/p>\n<p>    Were approaching the age    of superintelligence, the hypothetical point at which AI    becomes far more intellectually capable than its human    creators. There are many ethical concerns (and existential    concerns) associated with this, from the problem of defining    consciousness to the socioeconomic repercussions of    distributing that power, many of which have been consolidated by philosopher Nick    Bostrom (and followed closely by industry figureheads like    Elon Musk, Stephen Hawking, and Bill Gates).  <\/p>\n<p>    The race is on to see not just who can develop AI, but who can    develop security measures, ethical standards, and political    frameworks that allow that AI to exist without threatening our    way of life (or our future). That includes beefing up    cybersecurity, modeling different ways to control AI, and    figuring out the best open source frameworks to ensure the    entire world has equal, responsible access to these powerful    tools.  <\/p>\n<p>    AI is attracting thousands of people who want to build the    machines that may take us into the next great age of humanity.    However, we cant forget about the important secondary tech    industries that AI both needs and supports. Only with them can    AI continue to grow at its already astounding rate.  <\/p>\n<p>    Larry Alton is a contributing writer at VentureBeat    covering artificial intelligence.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Continue reading here:<\/p>\n<p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/venturebeat.com\/2017\/06\/09\/ais-37-billion-market-is-creating-new-industries\/\" title=\"AI's $37 billion market is creating new industries - VentureBeat\">AI's $37 billion market is creating new industries - VentureBeat<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Artificial intelligence (AI) is already trending, and its still heating up. There are countless applications for AI everything from procuring better search results to diagnosing complex medical conditions. Developers and engineers are pooling their resources to create the best AI algorithms they can, bringing the technology to new industries and pushing the limits of what machine learning can accomplish <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/artificial-intelligence\/ais-37-billion-market-is-creating-new-industries-venturebeat.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-218422","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence"],"modified_by":"Danzig","_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/218422"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=218422"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/218422\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=218422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=218422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=218422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}