Abstract
There are few topics that inspire as much excitement, fear, and confusion as artificial intelligence. Outspoken pundits argue that it will bring about everything from a utopian world of leisure to the end of human civilization, and yet even the very definition of the term is plagued with uncertainty. In this chapter, we will seek to clarify some of the confusion surrounding artificial intelligence and do away with some of the myths. We will advance a definition of AI and explore some high-level AI techniques and their resulting capabilities, before concluding with a few thoughts on the implications of AI on the business sector at large.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
David Cole, “The Chinese Room Argument,” in The Stanford Encyclopedia of Philosophy, ed. Edward N. Zalta, Spring 2019 (Metaphysics Research Lab, Stanford University, 2019), https://plato.stanford.edu/archives/spr2019/entries/chinese-room/.
- 2.
Tracy Kambies et al., “Analyzing Dark Data for Hidden Opportunities,” Deloitte Insights, February 7, 2017, https://www2.deloitte.com/insights/us/en/focus/tech-trends/2017/dark-data-analyzing-unstructured-data.html.
- 3.
“What Is Natural Language Processing?”, SAS, accessed January 24, 2019, https://www.sas.com/en_us/insights/analytics/what-is-natural-language-processing-nlp.html.
- 4.
April Glaser, “Google’s Ability to Understand Language Is Nearly Equivalent to Humans,” Recode, May 31, 2017, https://www.recode.net/2017/5/31/15720118/google-understand-language-speech-equivalent-humans-code-conference-mary-meeker.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Arslanian, H., Fischer, F. (2019). Understanding Artificial Intelligence and Its Capabilities. In: The Future of Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-14533-0_14
Download citation
DOI: https://doi.org/10.1007/978-3-030-14533-0_14
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-14532-3
Online ISBN: 978-3-030-14533-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)