There is a saying that when housewives start chatting about stocks while walking through a wet market, it’s time for investors to head for the exit. The same rule also applies to artificial intelligence (AI). The sector has become extremely hot over the last year and has become a bit over the top.
There are developments in other technologies that may be more practical or could have bigger impact on our future. Life sciences, for instance, is one area where promising groundbreaking technologies are happening.
“Digitalization, big data and new monitoring devices have brought changes that have exceeded our expectations about reducing medical costs and improving healthcare quality. The essence of the healthcare industry is changing rapidly,” former US vice president Al Gore once remarked.
One example is RNS System. It is a brain-responsive neurostimulation system designed to prevent epileptic seizures at their source. It monitors and responds to brain activity. The device is programmed by physicians to detect early, abnormal electrical patterns that can lead to seizures.
Market research firm EC Insight recently released a report about 10 new technologies that could change the future. Among them, only one is directly related with AI. Here is the list:
1. visualization, improvement and repair and of the brain2. regenerative medicines and organs, 3D printing of cells and organs3. synthetic animal products, including food and clothing4. advanced technologies to improve plants health5. chips used for AI development6. simulation technology used for prediction7. smart public safety solutions for preventing crimes and building an accurate and emergency response system8. construction automation9. innovations in space rocket construction and flying model10. niche logistics to fix transport bottleneck in certain regions
This article appeared in the Hong Kong Economic Journal on Feb 7
Translation by Julie Zhu
[Chinese version 中文版]
– Contact us at [email protected]