AI In Business

Question 1

AI definition

Answer 1

• refers to the broad domain which include the study and design system that have the ability to perceive and evaluate the environment and take action

Question 2

Turing test

Answer 2

1. Natural language processing
2. Knowledge representation to store what it knows
3. Automated reasoning to answer questions and draw conclusions
4. Machine learning to adapt to new circumstances and detect patterns
5. Computer vision and speech recognition to perceive the world
6. Robotics to manipulate objects and move about

Question 3

AI opacity

Answer 3

Opaque - difficult to explain why an AI provides a specific output
Many reasons have been identified by algorithms can be opaque:
- complexity of the algorithmic code
- multiple algorithmic components which are not all known or under control of the designers
- there are intrinsic characteristics of learnings algorithms that redefine parameters and relationships with each additional data points which make it hard to explain
- algorithms have to be tweaked to make understandable their results

Question 4

Explainability paradox

Answer 4

• refers to the trade off between the complexity and accuracy of AI models and the need for human-understandable explanations of their decisions and behaviour
• as AI models become more powerful, they also become more difficult to interpret and explain

Question 5

Generative AI

Answer 5

• gererates new content based on learned patterns from existing data

Question 6

concerns of GenAI

Answer 6

• Bias and ethical concerns: can generate biased or harmful content based on flawed training data
• Intellectual property issues: who owned AI generated content
• Misinformation and deepfakes: AI can create realistic fake videos
• Black boxes