How artificial intelligence is changing the world
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Market Insights
How artificial intelligence is changing the world
Market Insights
August 2, 2021

How artificial intelligence is changing the world

If we go back in time, we saw the arrival of artificial intelligence coming for a long time already. However, it wasn't apparent yet what this artificial intelligence would look like in practice, let alone develop into what it is today. Nobody saw it coming that one day, thousands of students worldwide would be studying artificial intelligence daily. If you never looked into artificial intelligence, you may still have some questions; What exactly is artificial intelligence, which industries does it affect, and how big is it? And to make it a bit more personal and applicable, we want to show you how you can benefit from artificial intelligence today. This application could make you a lot of money, so stay tuned!

What is artificial intelligence?

If we look at the definition of artificial intelligence, AI in short, it means the following; “devices that respond to data or impulses from their environment and make independent decisions based on that. So AI is not about computing power, but about the ability to learn and make decisions independently.”

The definition already brings us a little closer to practical applications. Still, a look at the history of the technology followed by some examples will make it much easier to understand. The artificial intelligence we know today has its origins in philosophers who started discussing how the human brain works. They suggested that our choices can be brought back to mathematical figures and formulas. This train of thought eventually led a group of scientists to work on an electronic brain. This all happened in the year 1940 when the term artificial intelligence didn’t exist yet, so it was just an experiment to create an electronic variant of the human brain. When research into the technology took off fifteen years later, the scientists found that their task became a lot more complicated than previously thought. Due to a lack of computing power and financial resources, development came to a halt for years until several technological revolutions took place.

Many factors form the driving force behind the current boom of artificial intelligence developments. As computers became more powerful, smarter, and easier to use, more and more data was created. Today, this data is used to automate artificial intelligence learning known as ‘machine learning’ or ‘deep learning.’ Large amounts of data are processed and analyzed utilizing written pieces of code. The analyses that are made are ultimately how artificial intelligence can make its own decisions and thus learn independently based on these calculations. What happens behind the scenes of AI is very complicated, but looking at the applications it is used for today makes it a lot easier to understand.

Where is artificial intelligence used in our daily lives?

Since governments and large corporations have invested heavily in developing artificial intelligence in recent years, it has become part of our daily lives. Some of the practical applications of artificial intelligence that you encounter every day;

Unlocking your phone with face ID

You won’t find it on every phone yet, but most new phones are now unlocked using your face. Just looking at your phone’s screen gives the device a chance to let the internal AI do its job. More than 30,000 invisible digital dots are placed on your face to analyze your current face and compare it with the photo you have set as the phone owner. If it matches, your phone will be unlocked by the AI.

Social media

The media has changed considerably over the past decade. Before, it was only television, radio, and newspapers; nowadays, social media is where most news and updates are shared. The mechanisms behind applications such as Facebook, Instagram, and YouTube are constantly analyzing and comparing your data. Using artificial intelligence, the application can tailor your news overview to fulfill your wishes and needs as much as possible. Everything is set up in such a way that your user experience is optimal.

Digital voice assistance

iPhone’s and Android phones now have a standard feature to control your device using your voice. More recently, ‘smart speakers’ from Google and Amazon offer this same feature. An Alexa or Google Home at home allows you to quickly look up things, create shopping lists, put on music, or call someone. Whatever it may be, it will be stored for future learning. All these speech assistants use artificial intelligence to help you better. It adjusts the suggestions based on past behavior.

What can I use artificial intelligence for?

Artificial intelligence is a term that has a very frightening meaning for some. The consequences of an artificial brain that is in many cases smarter than that of humans can be catastrophic. Suppose this artificial brain soon finds that humans are not necessary any; what happens then? These kinds of thoughts are often unfounded. To counter these thoughts, we want to show some more applications of artificial intelligence.

A personal assistant

We have already given this example, but artificial intelligence can work as a personal assistant very well. If you use an application like Lyra or something like that, it learns from every bit of data it gets. The application uses all new information to make suggestions for, for example;

- Restaurants in the area

- Interesting content to consume

- People to contact

- Suggestions for activities to do

And so on. Imagine having a personal assistant in your pocket all the time that helps you remember all kinds of little things and also helps you optimize your life; AI can do that for you.

To build up a pension

This example may sound very abstract; how in the world can you build up a pension with artificial intelligence? At first glance, AI and your pension seem like two things that are very far apart. However, BOTS has developed an application for artificial intelligence that anyone can use that brings these two things together. A pension often consists of investments in various assets, but not much happens with it. It is stuck in a fund for a long time until you reach an old enough age. You would, however, be able to achieve a much higher return by actively trading these assets.

BOTS has developed a mobile application where trading robots, robots that use AI, trade daily to build a pension. The robots trade with cryptocurrencies like bitcoin (BTC) and ethereum (ETH) linked to currencies such as the US dollar. In the future, these bots will also trade with stocks and the like. Anyone can start investing already with just €50 and start building up a pension this way. With each trade, the trading robot gets more intelligent and can work more effectively. This way, you can put artificial intelligence to work, and you can just sit back and relax!

There is no such thing as risk-free trading. It is possible to lose (part of) your stake.

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