Is vibable not long ago when an article appeared in The New York Times about artificial intelligence and the research that was being done at Cornell University the headline red electronic brain teaches itself
And the article went on to describe how the navy who funded the research had just demonstrated the embryo of an electronic computer named the perceptron which was due to be completed in about a Is electron which was due to be completed in about a year it was expected to be the 1st non living mechanism able to perceive recognized and identified surroundings without human training orkThe article said that it's expected to walk talk see write reproduce itself and be conscious of its existence not only that but it's expected
Is niched in about a year at a cost of a $100000
Now many of you are possibly impressed that something that amazing could be developed at a cost of a mere $100000
You must understand that a $100000 was a lot of money in 1958 when the article with writtenIt's long ago either I'm about to bring up the ancient Egyptians in a few minutes and on that time scale 65 years ago it's not long ago at all
The article went on to describe how in principle it was now possible in 1958 to build brains that can reproduce themselves on assembly lines which would be conscious of their own exist
The people at The New York Times were possibly a bit optimistic but Is anyhow I guess what I'm trying to tell you is that sometimes the press can get a bit carried away when new technology appears There's no record as to whether Kathy would invest it in the perceptron or not at the time she didn't get nearly as much press like that It's a decade later in 1968 Terry winegrad demonstrated a program called chlordo Is best to lock pronouncing that 1 it was
Is is able to answer questions in natural language and move blocks around in a virtual world even theHe added today the dialogs that it generated were remarkably lifelikeIs 1970 a team of researchers built a robot called shaky one of the 1st autonomous vehicles that could navigate around the lops and halls of SRI where it was built
His path was blocked by a Box it would pause to decide what to do watching it you might wonder if it was just running calculations or if it was actually thinking Is life magazine referred to it as the 1st electronic person at the time so if AI has been around for quite a while why are people all of a sudden so excited about it while a big reason is Is programs like chachi peti and mid journey that have recently been released to the public are generative AI mean That they are writing text and creating new images thanks It's things that we have up until now mostly thought of as human activities in the 3 months since chat UPT has been made available to the public its popularity has exploded in January was estimated to have a 100 million monthly active user Is aching at the fastest growing consumer up in history this triggered an explosion of investor interest in ai open ai has attracted an additional 10 billion dollars of investment from Microsoft at a 29 billion dollars Is soft at a 29 billion dollar valuation but Is it's the digital media company stock jumped a 150% in January when they announced that AI inspired content would become part of their core business
Is the excitement around chat GPT set off a race where all of the big Tech firms were suddenly rushing to emphasize their leadership in the ai space and to televiseIs for AI is to their business models this chart shows how mentioned they are in big Tech company's most recent earnings calls spiked a recent survey of 3Is the Porter than the economist found that 57% of their companies claim to be piloting or deploying artificial intelligence
Is additionally 59% claim to have an artificial intelligence strategy and 70% say that they understand how AI can generate business value this is an exciting technology and we should quite reasonably expect the AI breakthrough is to change the way things It's time but as you can already see from my introduction there has been a lot of hype about artificial intelligence
Is AI what it is how it works and where all of this might be going we'll try and see if as an investor you should worry about missing the boat on AIIs the as an individual should you worry about losing your job to these new technologies now before we dig into that let me quickly tell you about today's sponsor babble what ifWhich learning apps in the world it's intuitive lessons help you learn a language through real life conversations I'm taking a trip to Spain later this year using Bible to learn enough Spanish to get by
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Those of you who haven't played around or did yet chat GPT is a computer chat bot which can understand natural language and respond to you just like a real person would you can type in a question in plain English and you'll get an answer you Is gonna ask it to write you a song about turnips in the style of Bob Dylan which of course I did and this is what you get
Now I'm not sure that Dylan will be put out of work by a lyric Box quite yet but the technology is still kind of impressive
Anyway as long as you're not expecting miracles chat GPT will probably impress you with its capability it can write songs work like a search engine generate function in computer codeIs an engaged user in a conversational manner it's worth trying out it's frankly a lot of fun the truth is though that you've probably been interacting with a number of different forms of AI for quite some time now Often without really thinking about it your phone uses it for facial recognition or predictive texting you Is the tube will of Tuesday I to recommend this video to you and Google uses it to try and guess what you're trying to search for online Is the recent hype around AI is possibly driven by the fact that writing and artistic applications of the technology offer a more tangible example of what Is a can do done a few of the examples that we've just discussed even if some of the hidden examples of AI are much more impressive
AI is already a deeply and grim technology in a number of fields where it's extremely useful but it operates mostly in the background rather than front and center like in these new applications Is the recent developments are still impressive and have the potential to revolutionize the way we work But this isn't something that has appeared entirely out of the blue and it's worth being careful whenever Wall Street finds a new buzzword to get excited
OK so the term AI was coined by a mathematics professor Dartmouth college named John McCarthy when he organized a summer conference on artificial intelligence funded by a Rockefeller foundation ground in 19506
Is Chelsea bout McCarthy that suggests that he should have devoted himself to a career in marketing Is minope with catchy slogans but his choice of the term artificial intelligence went on to capture the imagination of the press Is close to 70 years how do you pick the term like symbolic processing or analytical computation
The technology wouldn't exist but simply because those terms just aren't click baked without the title artificial intelligence the technology might seem less exciting less terrifying and more like what it actually is which is the continued advancement of automation through technology
Is the 1st really big breakthrough in recent years that's captured the public's imagination with the program deep blue which beat the den world champion Gary Casper off in a 6 game tournament back in 1997 this victory drew widespread attention and sparked endless debate at the time about whether humans could maintain supremacy over Michigan INS with computer chest being viewed as a solved problem attention moved on to new challenges things like computer vision self driving cars speech recognition a natural language processing
Potential applications in the world of medicine mean that researchers are training aliens to detect certain conditions earlier and with greater accuracy than human doctors can
Technology is also being used to aid in the development of new drugs when discussing artificial intelligence it's important to reflect on what we even mean when we use determine intelligence
If you wanted to compare certain aspects of human intelligence you could give a group of people a bunch of calculations to complete and decide that whoever gets the calculations done fastest and with the greatest accurate
There are in fact all sorts of tasks that machines perform better humans do and we don't get worried or upset about them cars cannot run us atm machines can count money faster than we can camera Uttering the dark computers can beat us at games recognized faces with great accuracy and recommend movies better than many of our friends can An app on your phone can give you directions across town taking all sorts of factors into account Get you there as efficiently as possible There's nothing that knew about our abilities being beaten by machines that we build In fact the whole reason that we build machines is that they can do tasks better than we can do without them
Though partially because some practitioners have made overly broad claims for their breakthroughs
To attract investment but also because ai does actually pose real challenges to our beliefs about human uniqueness and our place in the universe some of these new technologies looking off a lot like what we think of as intelligence and it's difficult to know where the boundary lies between clever programming an actual artificial intelligence