Benefits which MNCs are getting from AI/ML !!

A lot of people have probably heard of ML. We interact with them on a daily basis, but do not really know what exactly it is.

So, Lets get started.

What is Artificial Intelligence?

The intelligence demonstrated by machines is known as Artificial Intelligence. Artificial Intelligence has grown to be very popular in today’s world. It is the simulation of natural intelligence in machines that are programmed to learn and mimic the actions of humans. These machines are able to learn with experience and perform human-like tasks. As technologies such as AI continue to grow, they will have a great impact on our quality of life.

What are the Types of Artificial Intelligence?

Not all types of AI all the above fields simultaneously. Different Artificial Intelligence entities are built for different purposes, and that’s how they vary. AI can be classified based on Type 1 and Type 2 (Based on functionalities). Here’s a brief introduction the first type.

What is Machine Learning ?

Machine learning is the study of computer algorithms that improve automatically through experience. It is seen as a subset of artificial intelligence.

Machine learning is a subset of Artificial Intelligence that allows computers and other devices to automatically learn and improve from experience without being actually programmed for the same. But the accuracy in predicting outcomes is impeccable. The systems then perform a specific task, in this case, collecting data from innumerable sources and then using it for predicting particular patterns of behavior.

Benefits which MNCs are getting from AI/ML ?

There is no dispute in the fact that Machine Learning is one of the biggest breakthroughs that would transform the way people do business. When Artificial Intelligence came in, it definitely created a buzz, and everyone was happy. And then came in Machine Learning (ML); it is a subset of Artificial Intelligence, and can be lightly called as a technique for analyzing data. But there is nothing light about ML; it has the power to provide completely new and unique insights, and sometimes capture things for which it isn’t programmed.

Artificial intelligence is moving forward, and whether we like it or not, machine learning will play an essential role in our technological future. The largest and best companies in the world already know this, and they are investing heavily in AI.

Here is my list of the top 5 AI companies that have the power and resources to shape our connected future. These are the big players in artificial intelligence

1. APPLE

Apple has been busy acquiring AI start-ups in recent years and sees Artificial Intelligence as a critical part of its future. In December 2018, the company officially appointed John Giannandrea as head of the AI and Machine Learning department after Google poached the Scottish computer scientist. He will oversee the development of products such as Siri and the company’s new Create ML tool, which MacOS and iOS developers can use to create efficient and straightforward training courses for their apps.

2. FACEBOOK

Artificial intelligence will be enormously powerful in the future. So it’s no surprise that Facebook is investing in AI. Facebook’s AI research group, known as FAIR, says it is committed to advancing the field of machine intelligence and developing new technologies to provide people with better ways to communicate. Mark Zuckerberg and Co. worked on a negotiation platform with two AIs called Alice and Bob, among other things, but ended the project after the couple began communicating in their secret language.

3. GOOGLE

Perhaps the largest and most important AI company on this list is also the most obvious. Google has acquired AI start-ups as if there were going to be no more soon. Over the past four years, Mountain View has created no fewer than twelve new artificial intelligence companies. The most important purchase was the $400 million deal for DeepMind, the board game playing Go champion.

There is also Google’s machine system TensorFlow, which is now free for all, and the ongoing Tensor AI chip project for machine learning on the device. Google’s CEO, Sundar Pichai, has already mentioned that in the long run we are “evolving from a ‘mobile first’ to an ‘AI-first’ world in the computer industry,” and that already says everything you need to know to see where Google sees the future.

4. MICROSOFT

Microsoft is involved in Artificial Intelligence on both the consumer and business sides. Cortana, Microsoft’s AI digital assistant, is in direct competition with Alexa, Siri, and Google Assistant. Artificial Intelligence features are a large part of the company’s Azure Cloud service, which provides chatbots and machine learning services to some of the biggest names in the business. Microsoft also purchased five AI companies in 2018 alone.

5. TWITTER

The other big players in Silicon Valley, Twitter is all about getting into artificial intelligence, especially with money. Four AI companies have already been acquired, with Magic Pony being the most notable for $150 million. The Australian company is developing machine learning approaches for visual processing on the web and mobile devices, and Twitter is likely to improve its systems for recommending specific tweets in users’ timelines with AI in the future.

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