AGI vs human-level AI, Analytics IPOs & Russia's AI-powered artillery 🔫🎖
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AGI vs human-level AI
Yann LeCun’s recent LinkedIn post added fuel to the debate: He claimed the word AGI should be retired and must be replaced with “human-level AI”. He said there is no such thing called AGI.
LeCun’s opinion on intelligence or understanding depends on an efficient representation of data with predictive power. Any intelligent system will only be able to understand a small part of its universe, he said.
2021 was a significant year for data engineering and AI solutions firm Sigmoid. It more than doubled the headcount and received several global awards and recognitions for its rapid growth — Deloitte’s Technology Fast 500 winner in North America, The Americas’ fastest-growing companies by Financial Times, and Inc. 5000 fastest-growing private companies in America, to name a few.
These laurels rest on years of data innovation, exceptional talent, and resilience shown by the company.
These articles are written by members of the AIM Leaders Council. AIM Leaders Council is an invitation-only forum of senior executives in the Data Science and Analytics industry. To check if you are eligible for a membership, please fill out the form here.
+ A checklist manifesto to build data science teams by Ruble Joseph
+ Overcoming the cyclical challenge of data utility and data privacy through Federated Learning by Aishwarya Srinivasan
+ How AI & NLP are driving the digital transformation in insurance by Saurabh Khanna
Its raining IPOs in the analytics space
As investments in the AI and data analytics space continues to grow exponentially, more and more AI and data analytics startups will eventually look at IPO as an exit strategy for private investors.
That is because such sales often result in huge profits, with returns many times bigger than the initial investment. Many AI and data analytics companies are also looking at IPO to raise capital for research and development, geographical expansion, and acquiring talent.
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People & Startups
Why did Reliance acquire a robotics startup
Reliance Industries Limited has picked up a 54% stake in Noida-based industrial robotic automation company Addverb for $132 million.
Reliance has a significant presence in Oil and Petrochemicals, Organized Retail, Electronics, Grocery, E-Commerce, Fashion & Lifestyle and has also invested in pharmacy and hyperlocal delivery. In order to scale these businesses, Reliance would need a dynamic and agile supply chain and this would require flexible and automated warehouses.
Also, Reliance is betting big on 5G and green energy and one of the biggest benefactors of both these technologies is going to be Robotics. These are some of the synergies that would help Addverb grow along with Reliance.
Russia’s AI-powered artillery
Though Russia is not considered a frontrunner in the global AI race, it is still a force.
Russian defence currently has more than 150 AI-enabled military systems in various stages of development, said a report by the Center for Naval Analyses. The country is bullish on using AI for electronic warfare, intelligence, surveillance, reconnaissance, and even strategic decision-making processes.
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