AI Explained: AI Models Lay Groundwork for Everyday Tech

Artificial intelligence models have emerged as key drivers of innovation across various sectors, reshaping industries and everyday experiences.

These complex algorithms form the foundation of many daily technologies, from smartphone facial recognition to recommendation systems on streaming platforms.

An AI model is a computer program that learns from data to perform tasks or make decisions. Unlike regular software, it doesn’t just follow set rules. Instead, it finds patterns in large amounts of information to figure things out independently. As it processes more data, it gets better at its job. AI models power many technologies we use daily, like phone speech recognition or product recommendations on shopping websites. They’re also used in more complex applications like medical diagnosis or financial predictions.

AI advancements have accelerated the adoption and impact of these models. Anthropic’s Claude, for example, is an AI assistant capable of analyzing complex documents and engaging in nuanced conversations. Microsoft has also expanded its AI offerings with Copilot for Microsoft 365, an AI-powered assistant to enhance productivity across various Office applications.

AI Applications in Healthcare and Finance

In healthcare, AI models continue to show promise. A Google Health and EyePACS model can predict heart disease risk from retinal images with accuracy comparable to traditional risk calculators. This non-invasive method could potentially revolutionize early heart disease detection, especially in regions with limited access to advanced medical facilities. Additionally, Google Health unveiled an AI model that can detect signs of tuberculosis in chest X-rays with high accuracy, potentially speeding up diagnosis in resource-limited settings.

The financial sector is actively adopting AI technologies. Visa implemented an advanced AI-driven fraud detection system that analyzes transactions in real time, reportedly reducing fraud by up to 40% in initial trials. Asset manager BlackRock integrated GPT-4 into its Aladdin platform, enhancing its clients’ investment research and risk management capabilities. This move allows Aladdin users to query vast amounts of financial data using natural language, making complex financial analysis more accessible to a broader range of professionals.

As AI models grow more sophisticated and ubiquitous, efforts to address their environmental impact are intensifying. Google Cloud, for example, launched Carbon Footprint for Machine Learning, which allows developers to measure and reduce the carbon emissions associated with training and running their AI models.

Future Developments

The swift advancement of AI models has sparked ethical debates and regulatory action. The United Nations adopted a resolution on the ethics of AI, calling for global cooperation in ensuring AI benefits humanity while respecting human rights. U.S. President Joe Biden issued an executive order on AI, outlining measures to promote responsible AI development and requiring safety assessments for advanced AI systems. Many AI researchers believe there’s a need for more robust governance of advanced AI systems.

Looking ahead, emerging frontiers in AI research include “neuromorphic” AI and “few-shot” learning models. IBM unveiled the “TrueNorth” chip architecture, which mimics the human brain more closely and could potentially run AI models with a fraction of the energy used by current systems. OpenAI researchers demonstrated a model that can learn new tasks from just a handful of examples, potentially making AI more adaptable and accessible to deploy in diverse settings.

For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.