The Forum’s $100 trillion prediction is sure to continue the already frenetic pace of investment and entrepreneurial activity in the digital Ai and machine technology space.
Ai is defined as intelligence demonstrated by machines.
And machine learning, according to Andrew Ng, founder of the AI Fund, “Is the science of getting computers to act without being explicitly programmed.” In other words, it is about the machine’s ability to learn from data while improving performance on a given set of goals. Ng, whose fund has raised over $175 million for startups simplifies further, “Ai is the new electricity.”
The more data fed to it, the more it learns. “The holy grail of Ai research is to build ‘general AI’ (better known as artificial general intelligence, AGI) that is maximally broad: able to accomplish virtually any goal, including learning.” Says Max Tegmark, an MIT Cosmologist and author of Life 3.0: Being Human in the Age of Artificial Intelligence.