The Artificial Intelligence (AI) landscape has gone from a postulated concept in the 1950s – an idea brought to life by Marvin Minsky, Allen Newell, Herbert A. Simon and John McCarthy – to a science fiction favourite to a burgeoning business reality. Alongside the spheres of virtual and augmented reality, the cloud and big data, AI has started to come into its literal own, creating solutions that are both wildly intelligent and stunningly stupid. While few AI creations are at the standard of the human mind, many are transforming business and society.
In the healthcare industry, AI is making impressive inroads into research and diagnosis. The concept of deep learning is being used by research teams to uncover how AI can impact on improved diagnosis, surgery techniques and healthcare support, while the idea of AI as a healthcare phenomenon has seen the healthcare startup sector surge by 160% over the past five years. One of the most impressive of these is Imagia, a healthcare startup that uses AI to predict cancer patient outcomes for improved personalised care. Another is BenevolentAI, a startup using AI to reduce time to market for revolutionary medications.
Of course, AI isn’t restricted to the healthcare sector. There have been advances across almost every field from finance to agriculture to crime. AI investment has seen startups look at using AI and mach