2112 Snapshot

Technology Snapshot: Artificial Intelligence (AI)

FAST FACTS

By 2030, AI could add...

$15.7 trillion

to the global GDP - PwC

The global AI market is expected to grow at a CAGR of:0

FROM 2017 to 2025

Grand View Research

SMART SOLUTION

Got Pizza?

Under a recently launched pilot program from Ford, self-driving Fusion sedans took to the streets of Miami to deliver Domino’s pizza. In 2021, the auto manufacturer plans to start producing a self-driving vehicle built from the ground up.

NOTABLE NAMES

Both well-known technology vendors and innovative start-ups are making a mark in the AI arena.

The Usual Suspects

  • Amazon—From Echo devices to drone deliveries, its AI pervades consumers’ daily lives
  • Apple—Made the iPhone even smarter with a neural engine for speech and image processing
  • Facebook—Now uses AI to handle all of its translation services
  • Google—Rebranded as “AI-first” company; think Google Photos, Google Brain, etc.
  • IBM—Is breaking ground in health care with its Watson platform

A Few Good Start-Ups

  • ByteDance (aka Headlines Today)—Analyzes social media accounts and reading habits to make personalized news recommendations
  • Flatiron Health—Uses human-assisted machine learning to mine health data and facilitate treatment of cancer patients
  • Foghorn Solutions—Delivers intelligence at the edge, or “fog computing,” for industrial IoT systems

Have a word or phrase you think should be included in our Channel Dictionary? Click on Submit a Term to submit it for our consideration.

Please fill in the required fields.
Thank you for your submission!