Artificial Intelligence is a reality today and it is impacting our lives faster than we can imagine. It is already present everywhere, from Siri in your phone to the Netflix recommendations that you receive on your smart TV. The revolution brought by Artificial Intelligence has been the biggest in some time. There is no denying that it has already become a crucial and integral part of our life.
Artificial Intelligence is the blend of three advanced technologies – machine learning, natural language processing and cognitive computing. The concept of Artificial Intelligence is to simulate the intelligence of humans into artificial machines with the help of sophisticated machine learning and natural language processing algorithms. The prime motive for the idea of transferring the intelligence from humans to machines is to overcome the very barrier of human intelligence: scalability. There’s always a limit to the speed with which humans can perform the given tasks. Artificial intelligence looks to overcome this very challenge with human intelligence by transferring the human intelligence to cognitive machines with supreme computational capabilities.
Let’s take two examples to better understand the concept of artificial intelligence:
These are scenarios where artificial intelligence is focusing on, to simulate the mapping of inputs to outputs as it happens in a human brain which makes very difficult tasks for computers like image recognition, sarcasm detection, voice recognition, etc. seamlessly easy for even an 8-year old kid.
There are many use cases for AI in a variety of industries. Bizofit, a platform that intelligently connects enterprises with appropriate service providers, has compiled the following list of top 10 AI companies.
One of the leading artificial intelligence companies, AIBrain builds AI solutions for smartphones devices primarily. Their key area of expertise is robotics and digital personal assistant.
Anki is another company in AI domain which has received funding from over $157.5 million from the likes of J.P. Morgan and other Ventures. The flagship robot of Anki – Cozmo – is one of the most emotionally intelligent robot while dealing with customers.
Banjo has raised over $100 million worth of funding till now.They use the strong social media analytics from multiple social media platforms to identify the events taking place around the globe.
iCarbonX is an artificial intelligence based startup in health care domain. They provide individualized health analysis and prediction of health index through the use of advanced data mining and machine analysis technologies. iCarbonX is valued at more than $1 billion USD.
Jibo is the first robot in the world made to help families with their daily tasks. Also, it learns about the behavior and personality of family as it interacts with them.
Next IT applies AI in healthcare and finance industries with focus mainly on natural language processing, chatbots and machine learning.
Being one of the most popular iOS app, Prisma brought a revolution in mobile app industry with the use of deep learning algorithms to recreate images as if they were painted.
ReSnap using AI and deep learning to take a large number of images from the user and create beautiful photo books out of these images. AI helps in selecting images and chooses best for the photobook.
ViSenze is revolutionizing the e-commerce market by recommending visually similar products out of the several millions products. They use deep learning and computer vision. They recently raised $10.5 million for developing their AI technologies.
X.ai’s virtual assistant is helping busy people schedule meetings without any human intervention. As soon as you copy a mail to Amy, it makes sure that with the use of natural language processing and machine learning, it identifies the most suitable time and place for your meeting.
