Tag: Andrew Ng

AI is the ‘New Electricity’

Friday, 17 November, 2017 0 Comments

Well, so says Andrew Ng, co-founder of Coursera and an adjunct Stanford professor who founded the Google Brain Deep Learning Project. He was delivering the keynote speech at the AI Frontiers conference that was held last weekend in Santa Clara in Silicon Valley.

“About 100 years ago, electricity transformed every major industry. AI has advanced to the point where it has the power to transform every major sector in coming years,” Ng said.

Right now, the sectors that are getting the AI “electricity” and making it part of their core activities include tech and telecoms companies, automakers and financial institutions. These are digitally mature industries that focus on innovation over cost savings. The slowest adopters of the new “electricity” are in health care, travel, professional services, education and construction.