AlphaGo beat Ke Jie in the Chinese board game Go for a third time in late May. Google’s DeepMind unit, which developed AlphaGo, said the team will move on to help scientists tackle complex problems, such as finding new cures for diseases and reducing energy consumption.
Meanwhile, Artificial Intelligence (AI) chip maker Nvidia has seen its share price almost triple over the past 12 months.
Such news highlights the huge potential of AI.
Generally speaking, AI is supposed to improve the efficiency of almost everything.
With AI, we can find out what sort of medicine is more effective in curing certain diseases; surgeons can use AI to determine which spot to make the cut.
Also, manufacturers can use AI to find a way to cut back consumption of energy and raw materials. Advertisers can also use AI to help determine timing and media selection to maximize the impact of each advertising dollar.
In transportation, an AI-based driverless system can reduce traffic accidents. AI can also predict traffic flow and find the best route in logistics.
Soon, AI will become part of everyday life.
In the next decade, I believe all companies will get involved in AI in some way.
AI chip makers and suppliers of AI technology are going to be big winners.
Nvidia’s Graphic Processing Unit, or GPU, is already widely used by AI technology developers. Other important chips, like Field Programmable Gate Array, also stand to gain considerably from the AI wave.
The full article appeared in the Hong Kong Economic Journal on Sept. 27
Translation by Julie Zhu
[Chinese version 中文版]
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