Today, Artificial Intelligence (AI) is an emerging technology. Since 2010, it has grown at a compounded annual growth rate of almost 60%. After machine, automation and computer, fourth industrial revolution will come through artificial intelligence and 3D printing.
Collecting data about the world and making predictions on the basis of this data to predict results is called intelligence. When the same is carried out using a machine, it is called Artificial Intelligence. Today, the likes of Amazon and Alibaba are collecting data in a bid to keep track of the interests of their customers. Even YouTube suggests us the videos that are similar to the ones that we have seen in the past. All of this is done through AI.
Today, China and US are two of the leading countries in the world when it comes to spending on Artificial Intelligence. Both developed as well as developing countries are spending heavily on research to develop AI. China will be investing at least $7 billion by 2030 in order to develop a research park in Beijing. China has the most ambient national plan to become the AI leader. The US military are funding for AI projects along with private industries and institutions. The UK government has decided to spend $30 million to setup AI tech in incubators.
Last year, the government announced a deal worth $200 million between private and public sector within the UK to develop AI. The European Union outlines a $24 billion (€20 billion) investment between 2018 and 2020 from public and private entities to develop systems of AI.
Last year, the French president Emmanuel Macron announced an investment of $1.8 billion in AI research until 2022. France is also interested in building many research centres. The Canadian government announced an investment of $125 million for AI research in March 2017. Russia spends atleast $12.5 million per year on Artificial Intelligence.
In the period between 2011 and 2015, China published over 41,000 papers on AI while US published almost 25,500 papers, according to the Times Higher Education. Japan stands third with almost 11,700 published papers. United Kingdom occupies the fourth spot with 10,100 published papers on AI. Germany is fifth in line with 8,000 published researched papers on AI. Between 2011 to 2015, nearly 8,000 papers were published. India produced 9,730 papers on AI between 2007-16 .
According to another analysis done by a research agency named Itihaasa, India stands third in terms of the number of documents produced on AI with 12,135 documents behind China (37,918) and United States (32, 421). Countries want to lead the AI revolution because it can give rise to new industries. It can also be a powerful military weapon and shift the global balance of power. Fighter jets and automated distilleries in Russia are AI-assisted.
A partnership to develop AI came into force. It involved heavyweights such as Google, Facebook, Amazon, IBM and Microsoft. These companies not only publish research papers, but also invest capital to develop innovative AI systems. Chinese companies Baidu, Alibaba and Tencent,which are collectively known as BAT, are making steady progress in AI. Alibaba is an e-commerce company and is already working on AI for packing and shipping. From e-commerce, Alibaba has moved towards self-driving cars and the City Brain project.
Tencent invested $154M into healthcare AI unicorn iCarbonX. It has ambitious plans to develop a complete digital representation of your biological self. Google founded DeepMind Technologies Limited in 2010, in Britain. Presently, DeepMind is world leader in Artificial Intelligence. Last year India allocated $480 million to promote Artificial Intelligence, Robotics, Internet of Things and machine learning. If we compare India with China, we see that China spends 2% of its GDP on research while India spends only 0.6%.
Modi-Yogi govt spent INR 4200 crores for Kumbh Mela, but are not aware of the benefits of Artificial Intelligence. The world has started investing heavily in AI. It’s time for the Indians to take AI seriously as well.