Can Cloud-based AI Boost the Economy?

Society of Internet Professionals "Can Cloud-based AI Boost the Economy?"

This article, authored by Cory Popescu was first published on the blog of the Society of Internet Professionals (SIP). SIP is a not-for-profit, Toronto (Canada) based International organization to connect, learn and share. Our Vision is to provide the opportunity to leverage technology to have an inclusive future for everyone. Since 1997, SIP has spearheaded many initiatives, educational programs, and networking events.

Currently Artificial Intelligence (AI) penetrates faster in the tech industry, since it has increased the volume of new products and services in an efficient way and the structure of development, production, and delivery seems suitable to the implementation of this cutting-edge technology. Still plenty of other businesses and industries have yet to take advantage of the advances in this relatively novel application field. In medicine, energy or manufacturing sector, a more intensive and comprehensive application of AI could dramatically transform these fields while boosting the economic productivity.

Not only AI enters a particular sector, high-tech, also within it only a few major organizations make use of it to create expansion through volume and efficiency at unbelievable higher speed. Companies like Google, Amazon, Microsoft, Baidu and some startups engage AI in their matrix since it may be acceptable price-wise, while for the most part and all the rest of our economy, this novel technology proves difficult to implement and extremely costly.

Therefore, companies like Amazon, Microsoft, and Google aim to create cloud-based AI to make the technology cheaper to be implemented and used effortlessly. This leading-edge cloud-based AI is available now and by expanding it to lots of organizations it could trigger more economic development. Therefore, the solution is to bring AI and cloud-based machine-learning tools to large audiences.

In this pursuit, Microsoft has Azure, its own cloud platform and by cooperating with Amazon they are working to offer an open-source machine learning library called Gluon. This is created to engage building neural nets to become a core AI technology to copy and apply the processes of learning exposed by the human brain.

Although at this time, Amazon dominates cloud machine learning with AWS, Google is following suit with an open-source AI library named TensorFlow. This library proves powerful since it can develop and build further machine-learning software. Also, on designers’ table a priority represents the simpler use and implementation of AI, and the recent Google pre-trained system suit Cloud AutoML, promises to do just that. Both organizations start preparing consulting services to cover the shortage of cloud-based AI specialists who can spread the knowledge of the leading-edge AI.

The future will tell who is going to spread more and what quality of AI. It certainly represents a huge business opportunity for those involved. The cloud-based AI technology has great chances to expand and comprehend various sectors untouched so far. We can only realize the true benefits… and the downsides of AI once the cloud-based is ready to roll and found at almost everyone’s fingertips.

Cory Popescu

Your comments are welcomed

Click on the links below to read the other articles by Cory Popescu:
Is It Possible To Get 100% Privacy On The Internet?
Why Incorporate Blockchain in Your Business?
Blockchain: Unbelievable Transactions Blockchain Can Promote!

Is It Possible To Get 100% Privacy On The Internet?

Society of Internet Professionals "Is It Possible To Get 100% Privacy On The Internet?"

This article, authored by Cory Popescu was first published on the blog of the Society of Internet Professionals (SIP). SIP is a not-for-profit, Toronto (Canada) based International organization to connect, learn and share. Our Vision is to provide the opportunity to leverage technology to have an inclusive future for everyone. Since 1997, SIP has spearheaded many initiatives, educational programs, and networking events.

The developers at Zcash consider that this method can become reality as they have been working and developing it. Its name is zk-SNARK which stands for "zero-knowledge succinct non-interactive argument of knowledge". The protocol allows users to execute transactions anonymously. Zcash are themselves crypto currency creators. They also create the zero-knowledge proof cryptographic protocol which can prove no doubt existence of something without revealing the actual information and thus keeping it private.

While Zcash develops their own crypto currency they also find extremely useful and practical to perfect the emerging tool called a zero-­knowledge proof. It seems that science researchers have worked on this technology for a while and it hasn’t become so desired until today when the crypto currency transactions industry experiences high growth and most of the crypto currencies are not private.

What is the application of this tool? If you need to do something online that requires sensitive information, like your date of birth, and the bank account balance so the transaction can be successfully closed, this becomes possible since the new protocol allows the subject to prove these requirements without revealing sensitive personal information which could expose them to identity theft or risking their privacy.

The tool is available now for the increasing economy demands. Important key companies developing and/or using this remarkable tool are: Zcash, JP Morgan Chase and ING. As seen, some major financial institutions keep interested in this, as it could allow them to use blockchains in payment systems and in the same time protecting their clients’ privacy. Just recently JP Morgan Chase implemented the protocol called zk-SNARKs to its blockchain-based payment system to enhance the privacy of their transactions. For instance, most public blockchain systems including Bitcoin expose their transactions to the public and certain parameters within including users can be identified even though these transactions are considered anonymous.

As normal with the first appearance of such complex and novel tool, the computation seems slow and convoluted. The initial setup involves the implementation of a “trusted setup,” which generates a cryptographic key still vulnerable to system breach when used involving the wrong intentions. Even having barriers of this sort, the scientific research continues to improve this tool. They are looking at more efficient alternatives to implement and execute zero-knowledge proofs without using the compromising cryptographic key. Even with all obstacles intrinsic to new-born technologies, the zero-knowledge proof is described by Vitalik Buterin, creator of Ethereum as an "absolutely game-changing technology."

Cory Popescu

Your comments are welcomed

Click on the links below to read the other articles by Cory Popescu:
Why Incorporate Blockchain in Your Business?
Blockchain: Unbelievable Transactions Blockchain Can Promote!
Blockchain: Growth and Limitations