Emerg­ing tech to get a boost in 2018

The Pak Banker - - COMPANIES/BOSS - -AP

DUBAI: Deep tech, a term in­creas­ingly quoted by in­vestors, is used to de­scribe start-ups or com­pa­nies whose busi­ness is built around unique, dif­fer­en­ti­ated-of­ten pro­tected or hard to re­pro­duce-tech­no­log­i­cal or sci­en­tific ad­vances. For in­stance, a start-up that uses a pub­lic or semi-pub­lic ma­chine learn­ing (ML) ap­pli­ca­tion pro­gram­ming in­ter­face (API) would be a tech­nol­ogy start-up; and a start-up build­ing a real-time three-di­men­sional (3D) ar­ti­fi­cial vi­sion sys­tem for au­ton­o­mous ve­hi­cles us­ing its own re­search and de­vel­op­ment (R&D), build­ing on ad­vanced math, would be a 'deep tech­nol­ogy' start-up.

The growth dy­nam­ics and ad­vanced de­vel­op­ments of a trio of emerg­ing tech­nolo­gies-ar­ti­fi­cial in­tel­li­gence (AI)/ML, blockchain and in­ter­net of things (IoT)-in 2017 have hit an in­flec­tion point, en­abling deep tech start-ups to go main­stream. There's an AI for that: In 2017, AI was used for any and all kinds of ap­pli­ca­tions, in­clud­ing tran­scrib­ing con­ver­sa­tions, writ­ing a movie script from the scratch, writ­ing a chap­ter of a Harry Pot­ter book by learn­ing from the pre­vi­ous seven books and cre­at­ing a heavy metal mu­sic al­bum-apart from help­ing com­pa­nies in their mar­ket­ing and cus­tomer sup­port ac­tiv­i­ties. We are en­ter­ing the AI ver­sion of the pop­u­lar

The com­pe­ti­tion be­tween US and Chi­nese tech­nol­ogy gi­ants-Google, Ama­zon, Baidu, etc.-in the AI space; the fo­cus of semi­con­duc­tor com­pa­nies (Nvidia, In­tel, etc.) to build AI chipsets; the fo­cus on tal­ent ac­qui­si­tion and in­creased ac­qui­hir­ing in the AI space; and the evo­lu­tion of ' con­ver­sa­tional user in­ter­face' and voice apps have made AI the most trend­ing tech buzz­word of 2017.

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