Robotics And Artificial Intelligence; The New Wave Of The Future

Robotics And Artificial Intelligence

In 2017, we can expect to see many self-driving cars on the road, more autonomy across many industries, and aggressive expansion of computer and robot assistance.

Many people have joked about the rise of Skynet (Terminator 2: Judgment Day) while others have expressed serious concern about the potential of such a thing happening. Many people including Elon Musk (SpaceX, Tesla, Open AI), Ray Kurzweil (computer scientist, inventor, futurist), Nick Bostrom (author of Super Intelligence), and Bill Gates (Microsoft) have shared their concerns about the serious threats we could face with creating a superintelligence.

So, what is a superintelligence and is it even going to happen?

As described by Bostrom in his book, a superintelligence is “an intellect that is much smarter than the best human brains in practically every field, including scientific creativity, general wisdom and social skills”. It will be a software created using deep computer learning algorithms with creativity capabilities, unlimited bandwidth, consciousness, and processing power which dwarfs the human mind. Read more

Robotics And Artificial Intelligence Are Growing Exponentially

For most people, I suspect the phrase, “exponential growth,” probably doesn’t generate much excitement. But once you’ve read this post, that will probably change. That is, if you’re anything like me or Ray Kurzweil, Peter Diamandis and others (to be clear, I am not placing myself among those incredibly accomplished individuals).

Humans think linearly. If it took 5 years to build half of a bridge, we naturally think it’ll take another 5 years to complete it.

That’s essentially how linear growth works. By “linear growth” I mean something that grows or advances by the same amount each step, regardless of the total underlying amount of progress or quantity.

For example, if you are paid $5 per day, your income is growing linearly, i.e., by $5 each step. It doesn’t matter if you start with $5 or $10,000, the amount will always increase by $5:

Easy, right? Ok, let’s use another example. The first working mobile phone debuted in 1973. Fast forward approximately 34 years to 2007, Apple introduces the iPhone (yes, I know Apple didn’t invent the smartphone).

Thinking linearly about this: since it took roughly 34 years to go from the first working mobile phone to the iPhone, then it will take approximately 34 years for the next generation of smartphones to make the original iPhone look like the original mobile phone. Whew, what a sentence. Read more

The evolution of artificial intelligence

In the next four years, we expect AI’s industry growth will start to explode and its impact on business and society will begin to emerge.

By the end of the decade, we believe the recent rapid advances in AI will eventually plant progress firmly into the AGI phase – the beginning of true autonomy. AI-powered machines and software will likely start to untether from human supervision, embarking on their fateful path as sentient beings. But this will happen much later in the distant future. In the next four years, however, we believe AI’s industry growth will start to explode and its impact on businesses and society will begin to emerge.

According to our estimates, the AI industry was a USD 5 billion marketplace by revenue in 2015, , a respectable size for such a budding sector. By 2020, we believe exponential improvements and broader adoption should more than double revenue to become a USD 12.5 billion industry. This represents a 20% annual growth rate. Assuming enterprise value/sales multiples of 10-15x, which is on par with other emerging fast-growing industries within the tech sector, AI as a standalone industry has the potential to claim a total market cap of USD 120-180 billion by 2020. Read more

Robotics And Artificial Intelligence; The New Wave Of The Future