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What Really is AI and How will it Shape our Future?
1. What Really is AI and How will it Shape our
Future?
Ganes Kesari
NANBEN NJ
10 10 2020
2. 2
INTRODUCTION
Ganes Kesari
Co-founder & Chief Decision Scientist
“Simplify Data Science for all”100+ Clients
Insights as Stories
Help start, apply and adopt Data Science
@kesaritweets
/gkesari
3. 3
WHAT COMES TO MIND WHEN YOU THINK OF ARTIFICIAL INTELLIGENCE?
Sources: NYT 1940, NYT 1980, Sydney Morning Herald, The Age
NYT, 1940
1960s
The Age, 1982
NYT, 1980
The end of jobs.. and humanity?
4. 4
AI IS NOT A COOL NEW TOY!
It might as well share its Diamond Jubilee.. ..with the Queen!
7. 7
Poll #1
What’s your level of familiarity with AI?
(choose one)
• New to AI
• Have some conceptual understanding
• Have a technical understanding
• Have worked in AI
8. 8
AI HAS A LONG HISTORY OF BEING “THE NEXT BIG THING”…
Sources: Team Finland Future Watch Report 2017x-axis is not to scale
9. 9
WHAT’S CHANGED TODAY: TOP TRENDS DRIVING THE AI REVOLUTION
Data Storage Processor Software Internet
10. 10
WHAT REALLY IS AI: MAKING SENSE OF THE TERMINOLOGIES
Artificial Intelligence
Machine Learning
Robotics Vision
Speech ProcessingExpert Systems
...
Supervised
Learning
Unsupervised
Learning
Deep
Learning
Reinforcement
Learning
…
Probabilistic
algorithms
11. 11
WHAT IS MACHINE LEARNING? A QUICK 101
New Input
Desired
Outcome
Machine learning
how to do the job
Known Input
Known
Outcome
“Programs that solve
the problem”
“Programs that learn
to solve the problem”
vs
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AI ALGORITHMS ARE NOT VERY DIFFERENT FROM HOW WE LEARN
Training ..Versatile Detection!
13. 13
“By far, the greatest danger of
Artificial Intelligence is that
people conclude too early that
they understand it.”
- Eliezer Yudkowsky
15. 15
Poll #2
What’s your assessment of AI’s
capability today?
(choose one)
• AI can beat humans in most areas
• AI is better than humans in a few areas
• AI is no match for humans
16. 16
AI CAN WRITE AN ARTICLE FOR YOU
https://openai.com/blog/better-language-models/https://www.theguardian.com/commentisfree/2020/sep/08/robot-wrote-this-article-gpt-3
17. 17
HERE’S AN ABSTRACT FOR MY TALK TODAY, WRITTEN ENTIRELY BY AI!
http://ai-writer.com/
18. 18
AI CAN GENERATE PICTURES FOR YOU
https://www.thispersondoesnotexist.com/ https://www.instapainting.com/ai-painter
Can you guess the one ‘real person’ from below? AI can ‘paint’ like an artist
1 2
3 4
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AI CAN SCRIPT ALTERNATE REALITIES
In Event of Moon Disaster – Documentary: https://www.youtube.com/watch?v=LWLadJFI8Pk
20. 20
AI CAN PREDICT COMMODITY PRICES
Problem
A leading agricultural enterprise wanted
price forecasts for their products in order to
plan inventory release to optimize revenue.
Incorrect timing was leading either to loss of
revenue or unsold inventory.
Gramener applied a suite of price
forecasting models based on internal and
external factors.
The models were evaluated on multiple test
datasets to select one that minimized
median absolute deviation.
Approach
The model was able to forecast the price to
an accuracy of 88%.
Within the first quarter of deploying the
model, the revenue uplift attributable
directly to pricing was +3.2%.
Outcome
Gramener Commodity Price Forecasting: https://shiny.gramener.com/InventoryOptimization/
21. 21
AI IS BEATING HUMAN ANALYSTS AT STOCK PICKING
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3514879
• Indiana University study
• 76,000 research reports
• Robo-analysts produced a more
balanced distribution of buy, hold
and sell recommendations
• They revised their reports more
frequently and had fewer buy
recommendations than humans
• Robo-analysts outperformed
their human counterparts
22. 22
AI IS NOW WATCHING OUT FOR FRAUD ON THE NASDAQ
• A deep learning system will work
alongside human analysts
• Existing system issues ~1000
alerts per day
• AI-driven system will detect more
complex patterns, including
spoofing
• With humans-in-the-loop, it
refines its understanding
https://fortune.com/2019/10/29/machine-learning-nasdaq-spoofing-stock-trading-fraud/Picture by bfishadow on flickr
23. 23
DID YOU KNOW?
• AI Hedge Fund
• Patented evolutionary intelligence
that simulates trillions of trading
scenarios
• Received over $143 Mn in Funding
• It managed less than $100 Mn but
didn’t make money
• It was closed within 2 years
https://www.bloomberg.com/news/articles/2018-09-07/ai-hedge-fund-sentient-is-said-to-shut-after-less-than-two-years
24. 24
AI IS NOT REALLY THAT SMART… YET!
Gifs from Giphy: Gif1, Gif2 AI Adversarial examples: Natural - ImageNet on Synced Review; Attack – MIT CSAI on Design News
25. 25
“ To build truly intelligent
machines, teach them cause
and effect
- Judea Pearl
27. 27
Poll #3
What do you think about a future
driven by AI?
(choose one)
• I’m more excited about the possibilities
• I’m more worried about the risks
• It’s all a hype. Neither excited nor worried
28. 28
WHERE ARE WE HEADED: FUTURE SCENARIOS
Source: Monty Barlow, Cambridge Consultants
29. 29
#1: AI GAINS SCARY EFFECTIVENESS
https://waitbutwhy.com/2015/01/artificial-intelligence-revolution-1.html
30. 30
“Mark my words, AI is far more
dangerous than nukes…why do
we have no regulatory
oversight?
- Elon Musk
31. 31
Gartner Hype Cycle
#2: EXCITEMENT FADES, BUT SOME APPLICATIONS DELIVER
Gartner AI Hype Cycle: https://www.gartner.com/document/3953603Jeremykemp at English Wikipedia
32. 32
“As a technologist, I see how AI
and the fourth industrial
revolution will impact every
aspect of people’s lives.
- Fei Fei Li
33. 33
#3: BUBBLE BURSTS: DISILLUSIONMENT SETS IN
Source: The Verge, The Guardian, BBC
The Verge, Mar 2019
The Guardian, Jul 2018
BBC, Jan 2020
34. 34
“Before we work on artificial
intelligence why don’t we do
something about natural
stupidity?
- Steve Polyak
39. 39
QUICK RECAP
• Brief history
• Intuition
• Why now
• Singularity
• Midway
• Bubble burst
• Capabilities
• Examples
• Limitations
• Producers
• Consumers
• Ecosystem
What’s the
future?
The AI
Ecosystem
What can AI
do today?
What’s driving
the AI craze?