AI business strategies Definitions

  • A

    AI (artificial intelligence)

    AI (artificial intelligence) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions) and self-correction.

  • AI governance

    AI governance is the idea that there should be a legal framework for ensuring that machine learning (ML) technologies are well researched and developed with the goal of helping humanity navigate the adoption of AI systems fairly.

  • algorithmic accountability

    Algorithmic accountability is the concept that companies should be held responsible for the results of their programmed algorithms.

  • algorithmic transparency

    Algorithmic transparency is openness about the purpose, structure and underlying actions of the algorithms used to search for, process and deliver information.

  • Artificial Intelligence as a Service (AIaaS)

    Artificial Intelligence as a Service (AIaaS) is the third party offering of artificial intelligence (AI) outsourcing.

  • artificial superintelligence (ASI)

    Artificial superintelligence (ASI) is software-based intellectual powers that surpass human ability across almost all conceivable categories and fields of endeavor.

  • artificially-intelligent attorney (AI attorney)

    An artificially-intelligent attorney is a legal expert system that applies AI technologies to replicate and improve upon the abilities of a human legal research assistant.

  • assistive technology (adaptive technology)

    Assistive technology is a set of devices intended to help people who have disabilities.

  • C

    cognitive bias

    Cognitive bias is a limitation in objective thinking that is caused by the tendency for the human brain to perceive information through a filter of personal experience and preferences. The limitation helps the brain prioritize and process vast amounts of information but can cause errors in thinking that can be exploited.

  • O

    OpenAI

    OpenAI is a non-profit research company that aims to develop and direct artificial intelligence (AI) in ways that benefit humanity as a whole.

  • R

    robot

    A robot is a machine designed to execute one or more tasks automatically with speed and precision. There are as many different types of robots as there are tasks for them to perform.

  • robot economy

    The robot economy is a scenario in which most of the labor required to sustain human life is automated.

  • S

    Singularity (the)

    The Singularity is the hypothetical future creation of superintelligent machines. Superintelligence is defined as a technologically-created cognitive capacity far beyond that possible for humans.

  • swarm robotics

    Swarm robotics is the use of numerous, autonomous robotics to accomplish a task. Robot swarms coordinate the behaviours of a large number of relatively simple robots in a decentralised manner.

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