economics Archives - https://www.aidirectory.org/tag/economics/ Wed, 21 Aug 2024 23:24:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Who Is Going To Make Money In AI? Part I https://www.aidirectory.org/who-is-going-to-make-money-in-ai-part-i/?utm_source=rss&utm_medium=rss&utm_campaign=who-is-going-to-make-money-in-ai-part-i Tue, 29 May 2018 23:06:53 +0000 https://www.aidirectory.org/?page_id=791 This article is an excerpt from Simon Greenman’s Medium post. May 6, 2018 We are in the midst of a gold rush in AI. But who will reap the economic benefits? The mass of startups who are all gold panning? The corporates who have massive gold mining operations? The technology giants who are supplying the picks and shovels? And which nations have the richest seams of gold? Welcome to the AI gold rush! Weare currently experiencing another gold rush in AI. Billions are being invested in AI startups across every imaginable industry and business function. Google, Amazon, Microsoft and IBM are in a heavyweight fight investing over $20 billion in AI in 2016. Corporates are scrambling to ensure they realise the productivity benefits of AI ahead of their competitors while looking over their shoulders at the startups. China is putting its considerable weight behind AI and the European Union is talking about a $22 billion AI investment as it fears losing ground to China and the US. AI is everywhere. From the 3.5 billion daily searches on Google to the new Apple iPhone X that uses facial recognition to Amazon Alexa that cutely answers our questions. Media headlines tout the stories....

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