Artificial intelligence (AI) has already been attracting the attention of deep tech investors for some years. The reasons why are clear. In its ‘Sizing The Prize’ analysis of artificial intelligence (AI), PwC forecast that AI will contribute $15.7 trillion to the global economy by 2030, with the ‘AI boost’ available to most national economies being approximately 26%. But what investors often overlook is that AI is not singular. Many individual components must work together to create AI.
At its core artificial intelligence consists essentially of detecting statistical patterns in signals with many dimensions, such as analysis of audio frequencies (voice recognition) or high-resolution images (face recognition). The repetition of this search in order to detect these patterns is the basis of artificial intelligence.
There are usually three components to AI:
First, given a data set, learning what the patterns are.
Second, building a model that can detect these patterns.
Third, model deployment to the target environment.
Traditionally, data mining or learning was done by experts in the matter who would develop some sort of classifier or detector based on certain features, and then try to see their correlations. This process was tedious and time consuming.
https://klepsydra.com/cityam-ai-on-the-edge/