Verdict Magazine Issue 12 is out now, and it’s packed with all the deep analysis, long reads and comment articles on the biggest topics in technology that our readers have come to expect. In this January issue, we look at how artificial intelligence (AI) can change businesses.
AI is here to stay. Machine learning solutions using deep neural networks are everywhere these days. Big Tech goliaths like Google, Uber and Amazon are famous for tapping into AI to improve their services and – more importantly – their bottom lines.
However, organisations outside Silicon Valley are also increasingly using AI in everything from improving manufacturing in factories to city planning. No wonder then that GlobalData forecasts suggest that the market for AI platforms will reach $52bn in 2024, up from $29bn in 2019.
The AI sprawl is not without its downsides though. Over the years, dodgy algorithms have been blamed for things like self-driving car-related deaths, Twitter cropping out people of colour from photos and unjust court rulings.
Technology sceptics have also been quick to stoke fears that smart machines will steal people’s jobs. True, research from the World Economic Forum estimates that 85 million jobs will be displaced by AI. But the same research predicts that the technology will also create 97 million new jobs.
I haven’t yet even mentioned the doomsday predictions from the likes of Elon Musk who believe autonomous thinking machines will lead to killer drones a la Skynet. Farfetched as the Tesla founder’s predictions may be, it’s true that machines are only getting smarter and that businesses risk losing out unless they tap into the technology.
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Given the expanding ubiquity of AI in our lives, it seems fitting that the first issue of Verdict Magazine in 2022 is devoted to the technology.
We spoke the tech CEO behind One Concern, who was inspired to build a digital twin of Earth, using AI to save the environment. Elsewhere, we heard from Covariant CEO Peter Chen about his AI-powered robotics solutions for warehouses. We also looked into the future of medtech to investigate how AI can be useful at the intersection of healthcare and technology.
Read on for all of this plus the usual in-depth analysis and comment in issue 12 of Verdict Magazine.
Highlights from Verdict Magazine Issue 12 – January
Covariant CEO on the company’s unicorn sauce: A computer vision AI brain that really works
Peter Chen is the CEO of Covariant, an AI brain startup. Giacomo Lee checked in with him to find out if tech can really replace human workers.
How to predict the unpredictable: Doing business in China in 2022
Doing business in China has never been easy and it will likely only become trickier in 2022. Luckily, Elles Houweling has found out what business leaders should expect from China over the next 12 months.
The future of medtech goes beyond Microsoft’s acquisition of Nuance, but, as Giacomo Lee finds out, AI will play a massive role in the future of the intersection of healthcare and technology – and it’s not the only innovative power in this space.
Giacomo Lee has met the tech CEO who survived a flood and built a digital twin of Earth to find out how he’s using AI to save the environment.
Hunting the unicorns: IPO predictions for 2022
From AI-powered edtech to self-driving cars, these 10 unicorns are the most likely to go public in 2022. Elles Houweling has all the details you need.
The 10 biggest fintech deals of December
The fintech industry ended 2021 on a high note, with players in the ecosystem securing billions of dollars in funding deals in December. By taking a closer look at the 10 biggest fintech deals closed in the last month of 2021, we can gain insights as to the likely market trajectory in 2022.