MICHEL PIREU: The best investment strategy is for man to work with machines
There is a lot of buzz around the emerging technologies of artificial intelligence (AI) and machine learning (ML), so much so that these terms are often used interchangeably. Even "robotics" gets thrown into the mix. According to Dell Technologies, in simple terms the term AI — coined by US cognitive scientist John McCarthy in 1956 — describes machines programmed to think, work and react like humans. AI can be classified in two ways based on the sophistication of the technology. Applied AI refers to machines designed to manage specific tasks. It is the most common form of AI today and includes, for example, software designed to trade stocks. Generalised AI covers technology that can evolve to handle any task. It’s an emerging area of AI and it brings us to ML, which refers to the ability of machines to learn without being explicitly programmed. All machine learning is AI, but not all AI is ML. Google’s recent announcement that its AI and ML courses will be made available to the publ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.