2019 Is the Year for AI
2019 Is the Year for AI by Justin Spittler for Casey Research
Justin’s note: Regular readers know that whenever a big idea comes across my desk, I pass it along. And today’s essay is no exception. It comes from our good friend Jeff Brown.
Jeff has an inside track on the biggest technology investing trends – and it shows. His track record includes successfully spotting the best-performing S&P 500 stock of both 2016 and 2018. In other words, when Jeff writes… it’s profitable to pay attention.
Right now, Jeff says artificial intelligence (AI) is one of the biggest money-making opportunities.
Read on to see why 2019 will be a breakout year for AI… and the best way to start profiting now.
By Jeff Brown, editor, Exponential Tech Investor
“I propose to consider the question, ‘Can machines think?’”
This was the first sentence of a 1950 paper called Computing Machinery and Intelligence, written by Alan Turing.
Turing is a name you might recognize. Born in London in 1912, he was a mathematician, cryptanalyst (one who studies cryptographic security systems), and early computer scientist – among other things. He was a prominent figure during World War II, as he developed a method to crack the cryptographic codes used by the Germans.
The story of Turing and the importance of his work were brought to life in the 1983 novel Alan Turing: The Enigma, as well as the 2014 film The Imitation Game.
Yet, in the years to come, I believe that Turing will be most remembered as the father of artificial intelligence.
One of the key concepts introduced in Turing’s paper is the Turing test. Simply, this test determines whether a “machine” – or as we’d call it today, an AI – is indistinguishable from a human.
In the Turing test, a human interrogates two subjects – one a human and the other an AI – to determine which is human. The conversations taking place in a Turing test are limited to text, just like a conversation in a chat window or text message. This is done so the AI isn’t required to render human-like speech.
So for an AI to pass the Turing test, it doesn’t need to be sentient – it just needs to appear to be.
To date, the Turing test has not yet been passed by any AI. And while this isn’t a near-future event, I’m certain it’ll happen in less than eight years. My prediction is before the end of 2026.
And that’s not a baseless prediction, either. Machine learning (ML) and AI software is improving month after month. 2019 will be a pivotal year for semiconductors optimized for running AI, which will only accelerate development. And as more and more companies adopt and implement AI, there will be exponential growth in application-specific improvement.
Put simply, the more we use the technology, the smarter and more useful it gets.