Artificial Intelligence (AI) and Machine Learning (ML) are being embraced by greater numbers of individuals, businesses, and governments as rising efficiency and productivity are permitting exponential growth in certain sectors of the global economy. However, the gap in efficiency and productivity between those sectors and businesses benefitting from AI and ML versus those that have not is also growing exponentially. This risks leaving those at the bottom further and further behind with less and less chance of catching up with the leaders.
A new book titled A.I. Supremacy: Winning in the Era of Machine Learning reveals that the pace of progress and change is occurring at exponential rates each year and is becoming so great that many in AI and ML community believe that in as little as a couple of decades from now human level AI will no longer be the realm of fantasy.
The two countries that appear to be the best positioned to leap forward in the coming decade are China and South Korea. Both are light years ahead of the competition.
When Artificial Intelligence (AI) and Machine Learning are combined with the interconnectedness of global supply chains, they provide a range of unprecedented opportunities and potential perils for international businesses. On one hand, rising efficiency and productivity is permitting exponential growth in some sectors and businesses. On the other hand, the gap in efficiency and productivity between those sectors and businesses that have embraced AI and Machine Learning versus those that have not is also growing exponentially, leaving those at the bottom further and further behind.