STEPHEN CRANSTON: Only deep AI is really AI
Many people use AI every day without realising it: think of Google searches and looking for directions for a good restaurant in the neighbourhood via smartphone
Most of us brought up in the 1960s and '70s considered anything artificial to be inferior. Nylon clothes were inferior to cotton, the best furniture was made of natural materials, particularly wood. It even extended to people — people with plastic smiles were untrustworthy and insincere. So I am not sure which bright marketer came up with the term “artificial” intelligence. It is, of course, usually shortened to AI, the name of a successful film starring Haley Joel Osment and Jude Law. It is now nearly 20 years old and looks somewhat retro in 2019. You might expect a company called Glacier to move very slowly and focus on self-preservation, but in fact, I think it is the most dynamic linked investment platform in SA. Its head of investment solutions, Leigh Kohler, wrote a paper on the need for AI in investment: not just to look cool, but because it has quite a few practical applications in investment. AI was the number one topic at Davos earlier this year; until then the World Econo...
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