President Trump Signs Executive Order Establishing the ‘American AI Initiative’

The plan is light on details and loaded with China subtext. February 12, 2019 6 min read This story originally appeared on PCMag President Trump today signed an executive order establishing the “American AI Initiative” to guide AI development in the United States. The Trump administration released details about the initiative ahead of the announcement breaking down five “key pillars” of the overarching U.S. AI strategy, but details are scant on funding, timelines, and the larger geopolitical forces at play behind America’s long-awaited move to establish official policy overseeing and governing AI development. The Obama administration released a report in 2016 that broke down factors such as automation and economic transformation, cybersecurity, research, and foreign policy, but stopped short of providing anything beyond a potential regulatory framework. The American AI Initiative is currently broken down into five core areas: Funding: The government will direct federal agencies to “prioritize investments” in AI research and development, but there are […]

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Artificial Intelligence Is Changing Banking and Wall Street. Here’s What to Expect in 2019.

AI is coming to your financial institution, to make trading algorithms more reliable, lower fees and personalize financial products. February 8, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. New technologies have enabled tremendous evolution in the finance industry, especially over the past decade. Thanks to machine learning and artificial intelligence (AI), investors and consumers are getting access to more innovative tools, new types of financial products and a new potential for growth. Related: 5 Ways Artificial Intelligence Is Already Transforming the Banking Industry So, what kind of impact is AI having on banking and Wall Street, and how might the resulting impact on entrepreneurs evolve in 2019? 1. More accessible technologies for consumers Some of the best AI developments have been reserved for private banks, professional investors, venture capital firms and other major organizations. But 2019 and beyond will likely bring the trend of more accessibility for consumers, […]

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3 Ways to Robot-Proof Your Job

Northeastern University president Joseph Aoun outlines a plan to save humanity’s role in the workplace. January 31, 2019 3 min read Whether you work behind a cash register or a laptop all day, for many of us, there is a growing dread that our industries — and our livelihoods — may be going the way of the wooly mammoth sooner than we’d like. Northeastern University president Joseph Aoun, author of Robot-Proof: Higher Education in the Age of Artificial Intelligence, warns that within the next two decades, 50 percent of the jobs we know in industrialized nations are going to disappear, and an even more staggering 70 percent of jobs in emerging economies will vanish. AI, robots and intelligent systems, it seems, are poised to make our lives easier and unemployment harder to avoid all at once. Related: What Every Entrepreneur Must Know About Artificial Intelligence Societies will face an enormous challenge in the […]

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Yaniv Altshuler Uses Big Data and Artificial Intelligence to Predict Consumer Behavior

The computer scientist and entrepreneur explains how his technology empowers banks, retailers, and other businesses. January 25, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Dr. Yaniv Altshuler, founder and CEO of Endor, which improves business decisions and revenue by predicting consumer behavior. It was condensed by The Oracles. Who was your biggest influence growing up?  Yaniv Altshuler: My parents. They taught me to believe in myself and my ability to achieve anything. They also taught me success that comes at the expense of others is not something to aspire to. What are you more skilled at than most people in the world?  Yaniv Altshuler: I can intuitively understand when a technology has disruptive potential. During my years of research, this helped me focus my energy in the […]

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Remember Elon Musk’s Scary Warning Against AI? Here’s More Reason to Worry.

Chinese venture capitalist Kai-Fu Lee will say on ’60 Minutes’ that AI will replace 40 percent of society’s jobs within as soon as 15 years. January 10, 2019 3 min read Remember when Elon Musk, speaking at SXSW in March 2018, scared the dickens out of us by warning against artificial intelligence (AI)? “The danger of AI,” Musk stated, “is much greater than the danger of nuclear warheads … more dangerous than nukes.” Now comes yet another worrisome prediction, this time from Chinese venture capitalist and the world’s foremost authority on AI, Kai-Fu Lee. In an interview to be aired this Sunday on 60 Minutes, Lee says that in as soon as 15 years, 40 percent of the world’s jobs could be done by machines. Related: 4 Artificial Intelligence Trends to Watch for in 2019 “AI will increasingly replace repetitive jobs, not just for blue-collar work, but a lot of white-collar work,” […]

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5 Ways Artificial Intelligence May Affect Health Care in the Near Future and What That Means for You

If you’re an entrepreneur in the healthcare field, you need to prepare: AI is coming to your segment soon. December 18, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. Technology is changing fast, and the world is changing with it. Concepts that were mere science fiction only a couple of decades ago — like artificial intelligence (AI) — are quickly becoming commonplace. Computers have become powerful enough to handle complex AI computations; machine learning algorithms are more accurate and faster than ever; and the cloud and the internet of things have made it possible for even small devices to access artificial intellgence’s enormous capabilities. Related: AI Is Transforming Healthcare as We Know It. Here’s a Look at the Future — and the Opportunities for Entrepreneurs. That’s why responsible use of AI solutions in health care could improve, and even save people’s lives. On the other hand, health care is an area where recklessness […]

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Is ‘Smart Compose’ Taking the Words Right out of Your Mouth? How AI is Changing the Way We Communicate.

From chatbots to rideshares, AI’s influence is inescapable. But what’s the impact on our communication? December 5, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. Ever known somebody so well that you find yourselves finishing each other’s sentences? Google’s AI-powered Smart Reply and Smart Compose features are attempting to get to know Gmail’s 1.4 billion users just that well. Related: All the Features You Need to Know About in the New Version of Gmail Smart Reply has been around for a while. It takes the form of three suggestions that appear at the bottom of your screen whenever you reply to an email. This feature not only offers you canned responses to choose from; it tries to guess the appropriate tone by analyzing your previous correspondence with the sender, the content of the message you’re replying to and numerous other factors. For example, a recent email from a friend suggesting […]

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4 Artificial Intelligence Trends to Watch for in 2019

Siri and Alexa are going to become a lot more useful to you in the near future. November 27, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. Consumers have been skittish about the notion of artificial intelligence (AI) invading their homes: What if robots take over the world? Who’s spying on me? Who’s listening to my conversations? But now those same consumers are starting to embrace the new technology in their personal lives and businesses. Related: 10 Artificial Intelligence Trends to Watch in 2018 This in turn has raised the confidence of companies interested in the technology — so much so that companies have tripled their AI investment since 2013, according to a survey by McKinsey & Company. AI, in fact, has the potential to completely change the way companies do business; and because of technological developments, more companies, in 2019, will be able to access and implement this life-changing technology. […]

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How Integrating AI Into Recruitment Can Benefit Companies Facing a Labor Crisis

Entrepreneurs intent on fast growth need to stay one step ahead of their competitors. That’s where AI comes in — or should. November 21, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. Unemployment in the United States is at its lowest rate (3.7 percent)  in nearly 50 years. Great news, right? Yet, while this indicates the positive state of our economy, it also indicates major labor shortages across some of the country’s biggest sectors, including construction, retail, hospitality, manufacturing and health care. Related: Is Artificial Intelligence Replacing Your Intelligence? And with 60 percent of employers surveyed by CareerBuilder saying they’re struggling to fill vacancies within a 12-week time span or even longer, our tight laor market is a costly problem that needs to be solved, fast. With many of these industries experiencing a boom, in particular the construction sector, it’s not uncommon for businesses to find they are unable to […]

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Sharp Problem-Solving Skills (and AI) Helped This Tech Company Secure Microsoft as a Partner

Kerry Liu speaks about how he and his team thought tactically about Rubikloud’s positioning in the marketplace. November 21, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Rubikloud CEO and founder Kerry Liu talks about how the AI company uses data to help retailers solve their problems.  In the beginnig of their time working with retailers, Liu was told by others that retail companies do not buy AI, they don’t buy cloud systems — they instead want to buy solutions to their stagnant revenue.  In the end, Rubikloud went beyond simply positioning itself as an AI platform. Without the execution to back up its extensive research and science, Liu points out there would be no business. Rubikloud eventually was able to partner with Microsoft Azure, a cloud platform, to service a major retail company.  Click the video to hear more from MaRS Discovery District and Liu. Related: An Unconventional Idea Forced […]

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Investors are Pouring Cash Into AI Startups Focused on Health Care

There are cures waiting to be discovered in the ever growing mountains of medical data. November 7, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. A recent report from CB Insights found that healthcare Artificial Intelligence startups have raised $4.3 billion across 576 funding rounds in the last five years – more than any other sector. Investment flowing into building AI that works with people to tackle healthcare issues will continue globally. Meanwhile, finding sustainable answers to tragic conditions like Alzheimer’s Disease will require accurately kept health records to advance progress — and take the willing participation of people whose lives are fatally impacted by the disease. The party ultimately responsible for finding the answer to Alzheimer’s might not be human — or at least, the effort to rid the world of the disease may not be fully a human one. Artificial Intelligence presents the medical […]

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How Investing in AI is About Investing in People, Not Just Technology

True AI readiness must go far beyond the data, and empower (and reassure) the people responsible for its success. September 21, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. How is your organization preparing for artificial intelligence (AI)? Ask this question of businesses investing in this field today, and the answer almost always comes down to “data”– with leaders talking about “data preparations” or “data science talent acquisition.” Related: Which Countries Are Ready for AI Adoption? While there would be no AI without data, enterprises that fail to ready the other side of the equation– people— don’t just stunt their capacity for good AI, they risk sunk investment and jeopardize employee trust, brand backlash or worse. After all, people are the ones building, measuring, consuming and determining the success of AI in enterprise and consumer settings. They’re the ones whose jobs will change; whose tedium will be […]

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How Artificial Intelligence Can Improve Your Health and Productivity

For a healthy, happy office, artificial intelligence can be like a supportive big brother — not just Big Brother. August 31, 2018 8 min read Opinions expressed by Entrepreneur contributors are their own. An unhealthy, dangerous or otherwise toxic workspace is known to deter workers from innovation and damage a company’s reputation. Entrepreneurs have a responsibility to ensure that working environments keep employees safe, satisfied and positive so they can remain productive and innovative on the job. With the focus on workplace health management programs, along with the emergence of AI technologies, it’s crucial to understand how these disruptive tools will affect the health — mental, social and physical — of workers across various sectors. AI is promising to change the way workplaces operate, but will it be a force for good or disrupt workplace culture in negative ways? With the expectation that AI will create a $190.6 billion market by 2025, it could […]

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The Scariest Thing About AI Is the Competitive Disadvantage of Being Slow to Adapt

Artificial intelligence can give you a 360 degree view of customer preferences and needs. August 22, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. “If you don’t have an AI strategy, you are going to die in the world that’s coming.” — Devin Wenig, CEO of eBay Whenever there is talk about artificial intelligence, Terminator-style robots that are stealing our jobs and will eventually take our lives come to mind. This picture portrays a false image of AI; AI is much more than just robotics and war machines. The tools we use in our daily lives are getting smarter every day, from spam filtering in our inboxes to voice assistants in our homes. Google New uses AI to cluster similar news, and Nvidia uses it to create slow motion videos that outperform the Slow Mo Guys. So, what is AI, and how can you use it? What is […]

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3 Forward-Looking Mindsets Entrepreneurs Need to Have About AI

AI isn’t just about improving customer service; it can also refine employee performance. July 30, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. The concept of artificial intelligence (AI) has been around for some time. Government organizations and big enterprises have been experimenting with this technology for decades.   Related: 5 Innovative Ways Artificial Intelligence Is Advancing Technology The results have led to all kinds of solutions that make the world smarter and more efficient. However, AI’s mass implementation into the small-business sector is still relatively new. For entrepreneurs who aren’t specialized in areas like machine-learning and big data analytics, reading up on the potential of AI and how to incorporate it into everyday business practices can certainly be overwhelming. Yet, ignoring the AI trend is simply not an option for either new or veteran entrepreneurs. What’s more, the skeptical mindset and overall resistance many of them […]

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Think Twice About a Company When You Keep Hearing These 4 AI Buzzwords

For every AI company doing groundbreaking work there are a dozen new “know-it-alls.” July 28, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. For every business that’s using AI to do something groundbreaking, there are more that, well, aren’t. Adobe’s 2018 “Digital Trends” report found that while only 15 percent of companies are currently using AI, 31 percent have it on the agenda for the next year — but that rising demand doesn’t necessarily correlate with a rise in high-quality AI products. Much of it is fluff. I learned this the hard way in 2016. We were looking to license a model for a very specific task, and it led to horror. We’re an AI company ourselves, but we focus exclusively on language understanding and NLP. One of our clients was looking to add image recognition to one of our big AI models, so we started looking for […]

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How to Apply and Optimize Your Algorithm When You’re Ready to Run With AI

Follow a tried-and-true implementation methodology of purposeful, simple and tested engineering, such as Lean AI, to unlock AI’s true potential. July 15, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. Amazon’s recently launched SageMaker artificial intelligence service is an exciting new development, but the program doesn’t do it all. There’s a distinct gap between innovative AI technology that exists and AI solutions that will help drive business results in your specific case. Using products such as SageMaker is like having a brand-new Tesla Model S: It’s an awesome car, but it’s a giant electric paperweight if you don’t know how to drive. We discussed “walking” with AI in a prior Entrepreneur article; now it’s time to hit the ground running. At Manifold, we work with clients using a method called “Lean AI.” Our method is inspired by many other popular processes, including human-centered design by IDEO, agile software development, the Lean Startup […]

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It’s Time to Take on AI and Here’s Why

Elon Musk, the closest thing this world has to an evil corporate genius, is spending near a billion dollars to stop the advance of A.I. He’s not the only influential person warning the world of a future “Skynet” takeover. You’ve got Stephen Hawking, Eric Schmidt, and even Bill Gates whose former company, Microsoft, is working on plenty of A.I. projects. But I’m here to say to all of them #notallA.I. The A.I. I’m about to reference won’t ever be capable of turning your computer against you, boiling you with your smart thermostat, or calling the cops on you through your security system. At least it couldn’t spontaneously do those things. Someone would have to program it to do those things. A.I. for business is probably the most useful thing to come along since the invention of e-mail. So, let’s talk about why your online business should take on A.I. 1. […]

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How to Spot, Store and Clean the Data You Need

The best time to design your AI initiative is now. June 16, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. Last August, data science leader Monica Rogati unveiled a new way for entrepreneurs to think about artificial intelligence. Modeled after psychologist Abraham Maslow’s five-tier hierarchy of psychological needs, her AI hierarchy of needs has become a conference favorite for illustrating how to incorporate AI into a business. Despite entrepreneurs’ excitement around AI, Rogati’s hierarchy makes an uncomfortable point. Few companies are ready to adopt AI. Most are struggling to fulfill fundamental needs, such as reliable data flow and storage. The truth is that data literacy is lacking at most companies hoping to reap the rewards of AI. You get out what you put in. To help entrepreneurs understand the importance of high-quality data, our team has come up with what we call the AI uncertainty principle:  The key takeaway? If any […]

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Onboarding Your First Digital (As In Nonhuman) Employee

Taking advantage of powerful capabilities made possible by artificial intelligence is more like adding staff than buying a tool. May 26, 2018 5 min read By now, you are well-acquainted with the four main processes that come with having employees in your company. Depending on the size of your company, the processes of hiring, training, compensating and firing can range from fairly simple to highly complex. But those processes can be simplified. Thanks to Natural Language Processing (NLP), the future is here. Will your next employee come in a box? Today, we are going to talk about these four processes in relation to your next employee, the digital employee. Related: This Is How to Get Started With AI When the Only Thing You Know Is the Acronym Digital vs. human. Your human employees are great. They work hard, and they are dedicated to optimum performance every day. But they have their limits. […]

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