CEOs of IBM, Ginni Rometty, CEO of Microsoft Satya Nadella and Director of MIT Media Lab Joi Ito talk about Artificial Intelligence in Davos 2017
The IBM Watson AI XPRIZE is a $5 million AI and cognitive computing competition challenging teams globally to develop and demonstrate how humans can collaborate with powerful AI technologies to tackle the world’s grand challenges. This prize will focus on creating advanced and scalable applications that benefit consumers and businesses across a multitude of disciplines. The solutions will contribute to the enrichment of available tools and data sets for the usage of innovators everywhere. The goal is also to accelerate the understanding and adoption of AI’s most promising breakthroughs.
Each year leading up to TED 2020 the teams will be evaluated for the opportunity to advance to the next round of the competition. The three finalist teams will take the TED stage in 2020 to deliver jaw-dropping, awe-inspiring TED Talks demonstrating what they have achieved. The teams will also have an option to compete for two milestone prizes.
Typical of all XPRIZE competitions, the IBM Watson AI XPRIZE will crowdsource solutions from some of the most brilliant thinkers and entrepreneurs around the world, creating true exponential impact.
The progress in AI research and applications in the past 20 years makes it timely to focus attention not only on making AI more capable, but also on maximizing the societal benefit of AI. The democratization of exponential technology enables AI and cognitive computing to put empowerment into the hands of innovators everywhere. Driven by long term capabilities of AI impact, and to better understand the prospects of human and AI collaboration, the IBM Watson AI XPRIZE provides an interdisciplinary platform for domain experts, developers and innovators to, through collaboration, push the boundaries of AI to new heights. The competition will bring the AI community together and accelerate the development of scalable, hybrid solutions and audacious breakthroughs to address humanity’s grandest challenges.
High blood pressure in the lungs damages part of the heart, and about a third of patients die with five years of being diagnosed.
But doctors need to have an idea of how long patients might have left, in order to pick the right treatment.
The software was given MRI scans of 256 patients' hearts, and blood test results.
It correctly predicted those who would still be alive after one year about 80% of the time. The figure for doctors is 60%.
Dr Declan O'Regan, one of the researchers, told the BBC News website: "The AI really allows you to tailor the individual treatment.
The researchers also want to use the technology in other forms of heart failure, such as cardiomyopathy, to see who might need a pacemaker or other forms of treatment.
A future in which human workers are replaced by machines is about to become a reality at an insurance firm in Japan, where more than 30 employees are being laid off and replaced with an artificial intelligence system that can calculate payouts to policyholders.
Fukoku Mutual Life said it expects the $1.73 million smart system which costs around $129,000 each year to maintain to save the company about $1.21 million each year.
Citing the Mainichi Shimbun newspaper, the report says that Fukoku Mutual's AI would be able to read large quantities of medical documents and consider other relevant factors as it calculates the payout amount for each policy claimed but the actual payment still requires approval from a human staffer.
While the use of AI will drastically reduce the time needed to calculate Fukoku Mutual's payouts which reportedly totalled 132,000 during the current financial year the sums will not be paid until they have been approved by a member of staff, the newspaper said.
Dai-Ichi Life Insurance has already introduced a Watson-based system to assess payments - although it has not cut staff numbers - and Japan Post Insurance is interested in introducing a similar setup, the Mainichi said.
Artificial intelligence (AI) is making its way from science fiction to reality, in applications like self-driving cars, personal AI systems like Cortana, Siri, and Google Assistant, and home assistants like Amazon's Alexa and Google Home.
Microsoft is, of course, one of the leaders in applying AI in real-life applications, and so far the company is focusing on how AI can help make us more productive.
According to Nadella, Microsoft's objective with regard to AI is to use it to enable developers and others to use the same AI tools that Microsoft is building into its own products.
AI is a focus of a number of leading technology companies, including Amazon with its Web Services offering AI for businesses and Google's Translate service that uses neural networks to provide more accurate and lifelike translation.