India has joined leading nations of the world including USA, UK, EU, Australia among others as a founding member of a league of nations which has launched a Global Partnership on Artificial Intelligence (GPAI or Gee-Pay).
The first of its kind initiative is aimed to guide responsible development and use of AI, grounded in human rights, inclusion, diversity, innovation, and economic growth.
Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Republic of Korea and Singapore are among the other nations which have joined the partnership.
GPAI will be supported by a Secretariat, to be hosted by Organization for Economic Cooperation and Development (OECD) in Paris, as well as by two Centers of Expertise- one each in Montreal and Paris.
LEARNING WITH TIMES/AT HOME
Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. It aims to improve machine behavior in tackling complex tasks.Some of the activities computers with artificial intelligence are designed for include:
APPLICATION OF AI
AI has been particularly useful in the healthcare industry because it generates massive amounts of data to train with and enables algorithms to spot patterns faster than human analysts; can be used to organise bed schedules, make a staff rotation,provide medical information and diagnosis.
Medecision developed an algorithm that detects 8 variables in diabetes patients to determine if hospitalization is required.
A familiar application of AI in everyday life is seen with services like Netflix or Amazon, wherein algorithms analyze the user’s activity and compare it with that of other users to determine which shows or products to recommend. The algorithms are becoming intelligent with time—to the extent of understanding that a user may want to buy a product as a gift and not for himself/herself, or that different family members have different watching preferences.
Financial services companies use AI-based natural language processing tools to analyze brand sentiment from social media platforms and provide actionable advice.
Fraud detection is an important application of AI in financial services. For example, Mastercard uses Decision Intelligence technology to analyze various data points to detect fraudulent transactions, improve real-time approval accuracy, and reduce false declines.
Cyber attacks are becoming a growing reality with the move to a digital world. There are also concerns about AI programs themselves turning against systems.Automatic exploit generation (AEG) is a bot that can determine whether a software bug, which may cause security issues, is exploitable. If a vulnerability is found, the bot automatically secures it. AEG systems help develop automated signature generation algorithms that can predict the likelihood of cyberattacks.
AI algorithms can influence the manufacturing supply chain by detecting the patterns of demand for products across geographies, socioeconomic segments, and time, and predicting market demand.
Tesla introduced TeslaBot, an intelligent virtual assistant allows users to interact with their car from their phone or desktop.
Uber AI Labs is working on developing self-driven cars with the help of the best engineers and scientists.