What is Artificial Intelligence?

FemTech Partners
3 min readApr 16, 2022

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AI is the wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence.

At its simplest form, artificial intelligence is a field, which combines computer science and robust datasets, to enable problem-solving. It also encompasses sub-fields of machine learning and deep learning, which are frequently mentioned in conjunction with artificial intelligence. These disciplines are comprised of AI algorithms which seek to create expert systems which make predictions or classifications based on input data.

The four types of Artificial Intelligence

Reactive AI

A reactive machine follows the most basic of AI principles and, as its name implies, is capable of only using its intelligence to perceive and react to the world in front of it. A reactive machine cannot store a memory and as a result cannot rely on past experiences to inform decision making in real-time.

Perceiving the world directly means that reactive machines are designed to complete only a limited number of specialized duties.

A famous example of a reactive machine is Deep Blue, which was designed by IBM in the 1990’s as a chess-playing supercomputer and defeated international grandmaster Gary Kasparov in a game

Limited Memory

Limited memory artificial intelligence has the ability to store previous data and predictions when gathering information and weighing potential decisions — essentially looking into the past for clues on what may come next. Limited memory artificial intelligence is more complex and presents greater possibilities than reactive machines.

There are three major machine learning models that utilize limited memory artificial intelligence:

  • Reinforcement learning, which learns to make better predictions through repeated trial-and-error.
  • Long Short Term Memory (LSTM), which utilizes past data to help predict the next item in a sequence.
  • Evolutionary Generative Adversarial Networks (E-GAN), which evolves over time, growing to explore slightly modified paths based off of previous experiences with every new decision.

Theory of Mind

Theory of Mind is just that — theoretical. We have not yet achieved the technological and scientific capabilities necessary to reach this next level of artificial intelligence.

The concept is based on the psychological premise of understanding that other living things have thoughts and emotions that affect the behavior of one’s self.

Self-awareness

Once Theory of Mind can be established in artificial intelligence, sometime well into the future, the final step will be for AI to become self-aware. This kind of artificial intelligence possesses human-level consciousness and understands its own existence in the world, as well as the presence and emotional state of others.

How is AI Used?

“AI is a computer system able to perform tasks that ordinarily require human intelligence… Many of these artificial intelligence systems are powered by machine learning, some of them are powered by deep learning and some of them are powered by very boring things like rules.”

Narrow AI: Sometimes referred to as “Weak AI,” this kind of artificial intelligence operates within a limited context and is a simulation of human intelligence. Narrow AI is often focused on performing a single task extremely well and while these machines may seem intelligent, they are operating under far more constraints and limitations than even the most basic human intelligence.

Artificial General Intelligence (AGI): AGI, sometimes referred to as “Strong AI,” is the kind of artificial intelligence we see in the movies, like the robots from Westworld or Data from Star Trek: The Next Generation. AGI is a machine with general intelligence and, much like a human being, it can apply that intelligence to solve any problem.

Applications

Personalized Shopping

Artificial Intelligence technology is used to create recommendation engines through which you can engage better with your customers. These recommendations are made in accordance with their browsing history, preference, and interests. It helps in improving your relationship with your customers and their loyalty towards your brand.

Voice Assistants

Without even the direct involvement of the lecturer or the teacher, a student can access extra learning material or assistance through Voice Assistants. Through this, printing costs of temporary handbooks and also provide answers to very common questions easily.

Facial Recognition

Our favorite devices like our phones, laptops, and PCs use facial recognition techniques by using face filters to detect and identify in order to provide secure access. Apart from personal usage, facial recognition is a widely used Artificial Intelligence application even in high security-related areas in several industries

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FemTech Partners
FemTech Partners

Written by FemTech Partners

FemTech Partner is a consulting firm headquartered in Singapore, covering the SEA region. The firm specialises in Fintech and Financial Inclusion.

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