Chapter
The Economics of AI and Data Science
02:24 - 10:47 (08:22)
The machine prediction technologies of AI allow for faster, better, and cheaper analysis of data than ever before, providing businesses and investors with valuable insights into which technologies can be turned into profitable business models.
Clips
The challenge for investors is to distinguish between the thousands of different Fintech startups, figure out which ones apply AI in a way that solves technical problems and has a decent chance of turning a profit in the future.
02:24 - 07:50 (05:26)
Summary
The challenge for investors is to distinguish between the thousands of different Fintech startups, figure out which ones apply AI in a way that solves technical problems and has a decent chance of turning a profit in the future. There is a need to understand the economics of data and business models and how to interpret and apply data to the market.
ChapterThe Economics of AI and Data Science
Episode#144 - Martin Schmalz - Artificial Intelligence, Big Data & China
PodcastModern Wisdom
With the increase in available data, AI can make faster, better, and cheaper predictions than humans, leading to advancements in various industries such as travel.
07:50 - 10:47 (02:56)
Summary
With the increase in available data, AI can make faster, better, and cheaper predictions than humans, leading to advancements in various industries such as travel. Predictions can be made from tracking behaviours such as cell phone locations to infer preferences and willingness to pay.