AI – Artificial Intelligence

10/10/2017

Summary

Artificial intelligence is all around us. It is part of everyday life, and gaining ground all the time. The investment opportunities are many and varied. The “creative power of destruction” is unstoppable. On the contrary. And it’s only just beginning.


Understand. Act. 

  • Artificial intelligence (AI) is all around us. It is part of everyday life, and gaining ground all the time.
  • Machines’ ability to learn comes from their virtually unlimited ability to process data, thanks to cheap storage capacities, cloud solutions and ever increasing processor speeds.
  • Data and computing power allow structures to be recognized in what could previously not be structured, and enable new applications, for example in the healthcare sector, the “smart home”, or the self-driving car.
  • AI also lies behind the development of “Industry 4.0”, also known as the “Fourth Industrial Revolution”.

We have got used to computers being able to check-mate world chess champions. Victory over the world Go champion was another milestone. Shortly after-wards, the world’s best poker player also lost to a  computer (or rather, the underlying algorithm).

Progress has been astonishingly swift: while chess moves are relatively straightforward – at least for a computer brain – in the Chinese board game of Go there are more moves than there are atoms in the  universe. Interestingly, the machine won not by  working out these moves in advance, but by a ruse.  This is reminiscent of artificial intelligence, or “AI” for short. Poker presents a similarly difficult challenge:  how do electronic circuits recognize a bluff – in other words, an attempt to deceive? 

What is artificial intelligence?

So what exactly is artificial intelligence (AI)?  
One definition of AI is “the branch of computer science that is concerned with the automation of intelligent behavior.” Generally it is about “replicating human-like intelligence, that is to say, building or programming a computer in such a way that it can solve problems on its own.“ 1 The origins of AI go back around 70 years and started with researchers such  as Alan Turing, Marvin Minsky and John McCarthy. 

AI has already arrived in our everyday lives

The programs and algorithms behind artificial intelligence are already part of our lives. They are called “Siri” (Apple), “Cortana” (Microsoft), “Echo” (Amazon) or “Google Translate” and are there to make our lives easier. They rely on circuits whose computing power – unlike the human brain – can be expanded indefinitely, and which are fed with data. 

Apart from “Siri” and its friends, AI 2 has long been part of many everyday applications: social media platforms which filter information, video analysis for security monitoring, applications in the healthcare sector (an Indian company already performs up to 100,000 diagnoses per day with AI), algorithms that write sports reports or business analyses … even legal opinions are produced using AI, with databases working in the background which it would take humans an eternity to comb through.

AI is part of everyday life. AI is our future. As many as 50 billion objects, all generating continuously analyzable data, will be connected to the “Internet of Things” by 2020. The “smart home” in which your fridge orders new supplies when food is running low, or the self-driving car, are keywords that are becoming part of every-day usage. But that is not only where you find AI: AI also lies behind the development of “Industry 4.0” or what has been called the “Fourth Industrial Revolution”. The Industrial Revolution, which began with mechanization, can be broken down into several stages that reflect the development of production technology. It started with mechanization (looms), moved on to mass production with conveyor belts, then the introduction of IT and finally the world of AI and connected machines. 

Artificial Intelligence - Eng

 
 

> download

1 See Wikipedia on AI, last reviewed on 19 April 2017. 

2 In this analysis, “artificial intelligence” and “AI” are used interchangeably.

 

Healthcare

13/10/2017
Artificial-intelligence-healthcare

Summary

How the Artificial Intelligence revolution is reshaping our lives

Allianz Global Investors

You are leaving this website and being re-directed to the below website outside Singapore. This does not imply any approval or endorsement of the information by Allianz Global Investors Singapore Limited contained in the redirected website nor does Allianz Global Investors Singapore Limited accept any responsibility or liability in connection with this hyperlink and the information contained herein. Please keep in mind that the redirected website may contains funds and strategies not authorized for offering to the public of Singapore. Besides, please also take note on the redirected website’s terms and conditions, privacy and security policies, or other legal information. By clicking “Continue”, you confirm you acknowledge the details mentioned above and would like to continue accessing the redirected website. Please click “Stay here” if you have any concerns.

Welcome to Allianz Global Investors

Select your role
  • Individual Investor
  • Intermediaries
  • Other Investors
  • It contains legal and regulatory notices relevant to the information contained on this website. By accessing this website, you agree to be bound by the following terms and conditions. Please discontinue your access to this website immediately if you do not accept any of these terms or conditions.


    Investments

    The content of this website is for informational purposes only and does not have any regard to the specific investment objectives, financial situation or particular needs of any particular person.

    Advice should be sought from a financial adviser regarding the suitability of any fund before purchasing units in the fund. In the event that you choose not to seek advice from a financial adviser, you should consider whether the fund is suitable for you. Prices of funds and income from them may fall or rise and cannot be guaranteed.

    Past performance of any fund or manager/ sub-manager of the fund are not necessarily indicative of future performance.

    Prospectuses for funds registered with the Monetary Authority of Singapore under the Authorised Scheme and Recognised Scheme are available, and may be obtained from Allianz Global Investors Singapore Limited or its appointed distributors. Investors should read the prospectuses before investing in such funds.


    No Reliance

    Although Allianz Global Investors Singapore Limited has taken all reasonable care that the information contained within the website is accurate at the time of publication, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by Allianz Global Investors Singapore Limited or its contractual partners.

    Opinions and any other contents on this website are provided by Allianz Global Investors Singapore Limited for personal use and informational purposes only and are subject to change without notice.

    Nothing contained in the website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.


    No Warranty

    The information and opinions contained on the website are provided without any warranty of any kind, either expressed or implied, to the fullest extent pursuant to applicable law. Allianz Global Investors Singapore Limited further assumes no responsibility for, and makes no warranties that, functions contained on the website will be uninterrupted or error-free, that defects will be corrected, or that the website or the servers that make it available will be free of viruses or other harmful components.


    Liability Waiver

    Under no circumstances, including , but not limited to, negligence, shall Allianz Global Investors Singapore Limited be liable for any special or consequential damages that result from the access or use of, or the inability to access or use, the materials at the website.


    Linked Sites

    Allianz Global Investors Singapore Limited has not reviewed any websites which link to this website, and is not responsible for the contents of off-site pages linked to from this website or any other websites linked to this website. Following links to any off-site pages or other websites shall be entirely at your own risk.

    The only exception to the above is that Allianz Global Investors Singapore Limited will ensure that all our electronic prospectuses comply with the requirements for electronic prospectuses set out in the Guidelines on Offer of Securities made through the Internet issued by the Monetary Authority of Singapore.


    Copyright

    Copyright to this website is owned by Allianz Global Investors Singapore Limited. The copyrights of third parties are reserved. You may download or print a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or other copying from the website will not transfer title of any software or material to you. You may not reproduce (in whole or part), transmit (by electronic means or otherwise), modify, hyperlink or use for any public or commercial purpose the website without the prior permission of Allianz Global Investors Singapore Limited.

    All trademarks, service marks and logos on this website are the property of Allianz Global Investors Singapore Limited and other third party proprietors where applicable. Nothing on this website shall be construed as granting any license or right to use any image, trademark, service mark or logo, and Allianz Global Investors Singapore Limited will enforce such rights to the full extent of applicable law.


    Money Laundering

    As a result of money laundering and other regulations, additional documentation for identification purposes may be required when you make your investment.


    Governing Law and Jurisdiction

    These Terms and Conditions governing Allianz Global Investors Singapore Limited's website shall be governed by and construed in accordance with the laws of the Republic of Singapore. By accessing this website's online services, you agree that in relation to any legal action or proceedings arising out of or in connection with these said terms and conditions, you hereby irrevocably submit to the jurisdiction of the courts of the Republic of Singapore.

    Approved for issue by Allianz Global Investors Singapore Limited, 79 Robinson Road, #09-03, Singapore 068897. Company Regn. No. 199907169Z.

    You may face minimal or no returns or suffer total loss of their investments if both the guarantor and the note issuer default.

     

Please indicate you have read and understood the Important Notice.