What’s AI commonly used for nowadays and how much funding does it get? All these questions and more are answered in the new Stanford index report.
Natural language processing, a subfield that has been actively explored since the 1950s, is slowly making progress in English language understanding,, inferring reasonable outcomes, identifying emotional context, speech recognition and transcription, and translation. For basic reading comprehension, AI can perform better than humans, but when language tasks get more complicated, like when interpreting context clues is necessary, humans still have an edge.
As AI appears to have become better at doing what we want it to do, the cost to train it has come down as well, dropping by over 60 percent since 2018. Meanwhile, a system that would’ve taken 6 minutes to train in 2018 would now only take a little over 13 seconds. Accounting for hardware costs, in 2021, an image classification system would take less than $5 to train, whereas that cost would’ve been over $1,000 in 2017.
Private investment in AI is at an all-time high, totalling $93.5 billion in 2021 . AI companies that were skilled in “data management, processing, and cloud,” according to the report, got the most funding in 2021, followed by companies dedicated to “medical and healthcare” and financial technology .In fiscal year 2021, US government agencies spent $1.53 billion on AI research and development for non-defense purposes, which was 2.7 times the amount spent in fiscal year 2018.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Are the Top 15 Cities Where College Students Want to Live Post-Graduation, a New Survey SaysSeattle is the country’s new top destination for people ages 18 to 24, according to a new report from Axios and The Generation Lab. Here’s what else the report found.
Read more »
Here Is the Best Order to Watch the Marvel Defenders Shows on Disney+When Netflix was releasing its Marvel TV series, it was relatively easy to make sure you were [...]
Read more »
Russian Soldiers Execute Civilian with His Hands UpHere's a new low for Vladimir Putin's monstrous minions -- drone footage shows Russian soldiers opening fire on an unarmed civilian as he was attempting to surrender.
Read more »
'The Bachelor' is again embroiled in controversy. This time over gaslightingThe uproar over Clayton Echard's behavior toward contestant Susie Evans has marred TheBachelor's hopes of a scandal-free season. Here's what to know.
Read more »
At least 35 Texas hospitals were out of ICU beds last week, according to the latest federal data. Look up the ones near you.Each week, hospitals in Texas report their current ICU bed capacity to the U.S. Department of Health and Human Services. Here’s the latest.
Read more »
The First Reported 'Buffy the Vampire Slayer' Book Is a Loving Critique of a Complicated ShowEvan Ross Katz excavates Buffy's legacy—including the Joss Whedon allegations—through new interviews with the cast, crew, and fans like Stacey Abrams.
Read more »