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Indeed, ML is vastly deployed, I do not doubt that. And maybe those "AI-powered" companies are making money, or making lives better. But I was referring explic
by syats 6y ago
Indeed, ML is vastly deployed, I do not doubt that. And maybe those "AI-powered" companies are making money, or making lives better.
But I was referring explicitly to existing processes. Your poacher detection example is a good one, there was a process (based on some other tech/skill/k9 units?)and then it was improved with AI. My assertion is that there are very few such examples.
Contrast that to new enterprises that use AI/ML. Of course, if you create a whole new market and corner it, whatever technology you use might seem like the recipe of your success. But in the case of ride hailing apps, they created a brand new market of taxis-called-directly-by-the-user (and still not making money), Facebook created a whole new market of personalized matchmaking between people and ads, etc. Yes, they are kings in their markets, yes, they use "AI", but what portion of their market dominance is due to the use of that specific technology? I would say close to 0.