We recently published our new KROST Quarterly Magazine which is packed full of articles and insider knowledge focusing on tech topics. Here is an excerpt from the article “Global Investment in Artificial Intelligence and Machine Learning” by our M&A and Capital Markets Practice Leader Paren Knadjian:
“Before diving into global investment trends in Artificial Intelligence (“AI”) and Machine Learning (“ML”), it may be worth quickly defining them. To quote John McCarthy, widely recognized as one of the pre-imminent leaders in this space, AI is defined as “The science and engineering of making intelligent machines.” AI systems can perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and language translation.
Machine Learning is a subset of AI. The main characteristic that separates Machine Learning from most AI is its ability to modify itself when exposed to more data; i.e. Machine Learning is dynamic and does not require human intervention to make certain changes. According to Arthur Samuel, another pioneer in this space, machine learning is “A field of study that gives computers the ability to learn without being explicitly programmed.”
AI has deeply penetrated virtually every industry from agriculture to adtech, from cybersecurity to manufacturing, from fintech to healthcare. We’re also interacting with AI in our everyday lives from giving voice commands to mobile phones to…” Continue here