How AI Could Empower Any Business | Andrew Ng | TED
TED
11 min, 17 sec
The speaker discusses the importance of democratizing AI to unlock its benefits for society, drawing parallels with the rise of literacy.
Summary
- Compares the rise of AI to the rise of literacy, suggesting that widespread AI usage could enhance society as literacy did.
- AI is currently concentrated in big tech companies due to the high cost of development, but there's potential for broader application.
- Introduces the concept of long-tail AI projects, which are numerous and varied, yet untapped due to the high cost and specialized nature of AI development.
- Presents a vision where accessible AI development platforms empower individuals and small businesses to create custom AI solutions.
- Argues for the democratization of AI technology to ensure its benefits are shared widely across different sectors of society.
Chapter 1
![The speaker introduces the concept of AI and draws an analogy to the historical rise of literacy.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTcwLCJwdXIiOiJibG9iX2lkIn19--ae60d67c9493b336be3555f80cbd8cf30ced3242/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_30.jpg)
The speaker introduces the concept of AI and draws an analogy to the historical rise of literacy.
- Outlines the historical skepticism towards universal literacy, comparing it to the current centralization of AI.
- People in the past thought reading and writing were exclusive to religious leaders, but societal wealth grew with widespread literacy.
- Today, AI expertise is similarly concentrated among highly skilled engineers in large tech companies.
![The speaker introduces the concept of AI and draws an analogy to the historical rise of literacy.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTcwLCJwdXIiOiJibG9iX2lkIn19--ae60d67c9493b336be3555f80cbd8cf30ced3242/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_30.jpg)
Chapter 2
![Explains why AI development has been centralized in big tech companies and the limitations of this model.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTcyLCJwdXIiOiJibG9iX2lkIn19--18fb448e7a0e0daf08af6fa6aab5d3a026d6a966/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_87.jpg)
Explains why AI development has been centralized in big tech companies and the limitations of this model.
- Big tech companies dominate AI due to the ability to invest heavily in large-scale projects.
- A 'one-size-fits-all' AI system is efficient for big tech as it serves millions of users, generating significant revenue.
- Outside the tech sector, the economic model breaks down as projects are more diverse and don't serve large user bases.
![Explains why AI development has been centralized in big tech companies and the limitations of this model.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTcyLCJwdXIiOiJibG9iX2lkIn19--18fb448e7a0e0daf08af6fa6aab5d3a026d6a966/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_87.jpg)
Chapter 3
![The speaker uses a local pizza store to illustrate how AI could benefit small businesses.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTc0LCJwdXIiOiJibG9iX2lkIn19--6137e9b798f7f9b0fc1017b63c1eed09e6dbefd8/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_151.jpg)
The speaker uses a local pizza store to illustrate how AI could benefit small businesses.
- Describes how a local pizza store could improve its operations with AI-based demand forecasting.
- Highlights the significance of even modest revenue improvements for small business owners.
- Emphasizes that AI can be effective with limited data, countering the myth that massive datasets are always necessary.
![The speaker uses a local pizza store to illustrate how AI could benefit small businesses.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTc0LCJwdXIiOiJibG9iX2lkIn19--6137e9b798f7f9b0fc1017b63c1eed09e6dbefd8/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_151.jpg)
Chapter 4
![Introduces the long-tail problem of AI, where many unique applications are not being addressed.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTc2LCJwdXIiOiJibG9iX2lkIn19--f2e8a262b2d0a9293f2abc58d7266b962ec52996/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_262.jpg)
Introduces the long-tail problem of AI, where many unique applications are not being addressed.
- Explains that while there are common AI applications for big tech, other sectors have unique needs that are not being met.
- The aggregate value of these unaddressed AI projects is massive, but they remain untapped due to the current AI development model.
- Envisions empowering local businesses to use AI for tasks like demand forecasting, product placement, and quality control.
![Introduces the long-tail problem of AI, where many unique applications are not being addressed.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTc2LCJwdXIiOiJibG9iX2lkIn19--f2e8a262b2d0a9293f2abc58d7266b962ec52996/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_262.jpg)
Chapter 5
![The speaker presents a new approach to AI development that could democratize access to AI technology.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTc4LCJwdXIiOiJibG9iX2lkIn19--8d363b9db6d7a0f4ee383e0ad3bbb2d3f1aa3803/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_470.jpg)
The speaker presents a new approach to AI development that could democratize access to AI technology.
- Argues for the need of accessible AI development platforms that focus on data rather than coding.
- Details how these platforms enable individuals to teach AI using images and annotations.
- Projects like these are already in development, aiming to make AI accessible to those who are tech-savvy.
![The speaker presents a new approach to AI development that could democratize access to AI technology.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTc4LCJwdXIiOiJibG9iX2lkIn19--8d363b9db6d7a0f4ee383e0ad3bbb2d3f1aa3803/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_470.jpg)
Chapter 6
![The speaker concludes by emphasizing the importance of making AI accessible to ensure equitable distribution of its benefits.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTgwLCJwdXIiOiJibG9iX2lkIn19--06f0bca94a9ce5a64b55310596f5daebb3401ad6/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_636.jpg)
The speaker concludes by emphasizing the importance of making AI accessible to ensure equitable distribution of its benefits.
- Illustrates the potential impact of AI on various professions when AI systems can be built by the users themselves.
- Points out the societal value of spreading AI benefits across different sectors and businesses.
- Speaks to the exciting future of AI as a tool that is not just for tech elites but for everyone.
![The speaker concludes by emphasizing the importance of making AI accessible to ensure equitable distribution of its benefits.](https://www.videogist.co/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MTA0MTgwLCJwdXIiOiJibG9iX2lkIn19--06f0bca94a9ce5a64b55310596f5daebb3401ad6/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJqcGciLCJyZXNpemVfdG9fbGltaXQiOls3MjAsbnVsbF19LCJwdXIiOiJ2YXJpYXRpb24ifX0=--c9426325207613fdd890ee7713353fad711030c7/6098_636.jpg)
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