|The AI Index Report examines the biggest trends shaping the AI industry / Credits: metamorworks via Shutterstock|
The Stanford Human-Centered AI Institute in collaboration with people from OpenAI has released the 2019 AI index report. Their report examines the biggest trends shaping the AI industry, breakthrough research, and AI’s impact on society. This report is part of the century-long Stanford study of AI’s progress and impact. Now in its third year, the report has three times more data sources than at its launch. This is also the first time that it used a Global AI Vibrancy tool, a way to compare countries across 34 axes.
Also, the report assesses progress in benchmarks and methods to track AI across disciplines like image classification. It tracks progress in methods to train AI systems for common use cases. According to VentureBeat, an American technology website that publishes news, analysis, long-form features, interviews, and videos, the 2019 AI index report examines trends such as AI research contributions by nation, AI hiring practices, private investment, researchers leaving academia for industry, and how much AI plays a role in specific industries.
“In a year and a half, the time required to train a large image classification system on cloud infrastructure has fallen from about three hours in October 2017 to about 88 seconds in July 2019,” the report reads.
One of the highlights of the report includes how peer-reviewed AI research grew by 300% from 1998 to 2018. Last year, global private AI investment was over $70 billion. It was also reported that startup investments reached $37 billion, M&A $34 billion, IPOs $5 billion, and minority stake $2 billion. Autonomous vehicles led the global investment in 2019, which was followed by drug and cancer, facial recognition, video content, fraud detection, and finance.
Also, corporate or industry affiliation with AI research is growing. “Ten years ago, 20 years ago, all innovation happened in academia, and then industry picked up bits and pieces of it, perfected it and commercialized it. That’s no longer true. The lines are blurred and people cross over,” Yoav Shoham, Stanford University professor emeritus and steering committee chairman, said.