AI is taking off! AI is quickly becoming an affordable and useful tool for the masses and small & medium businesses!
Ethics and bias concerns are popularized on a daily basis. This latest report is no exception. However, as usual, these concerns are considerably overblown!
"Private investment in AI soared while investment concentration intensified
The private investment in AI in 2021 totaled around $93.5 billion—more than double the total private investment in 2020, while the number of newly funded AI companies continues to drop, from 1051 companies in 2019 and 762 companies in 2020 to 746 companies in 2021. In 2020, there were 4 funding rounds worth $500 million or more; in 2021, there were 15. ...
U.S. & China dominated cross-country collaborations on AI
Despite rising geopolitical tensions, the United States and China had the greatest number of cross-country collaborations in AI publications from 2010 to 2021, increasing five times since 2010. The collaboration between the two countries produced 2.7 times more publications than between the United Kingdom and China—the second highest on the list. ...AI becomes more affordable and higher performing
Since 2018, the cost to train an image classification system has decreased by 63.6%, while training times have improved by 94.4%. The trend of lower training cost but faster training time appears across other MLPerf task categories such as recommendation, object detection and language processing, and favors the more widespread commercial adoption of AI technologies. ..."Credits: Andrew Ng's The Batch Report
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