Alibaba’s AI can read better than humans
In an unprecedented success, Alibaba’s artificial intelligence (AI) can outperform humans when it comes to reading and comprehension. The company’s deep neural network model was tested last week by Stanford University, in an ordeal that required it to provide “exact answers” to more than 100,000 questions. This quiz is widely considered to be one of the world’s most authoritative measures of machine reading capabilities. Human participants were able to score 82.30, a shade below Alibaba’s 82.44, making it official: Alibaba’s AI can read and understand better than human beings.
Alibaba’s market cap has almost doubled over the last year!
SOURCE: Yahoo Finance
Alibaba is currently a participant in the race to realize Chinese AI dominance. It’s competitors, rival Chinese internet giants Tencent and Baidu, are equally focused on developing this technology, which has the capability to transform social media, advertising, autonomous driving systems and more. China is taking AI so seriously that Beijing has even endorsed it in a national-level plan with the goal of becoming an “industry leader” by 2030.
The biggest AI firms in the world at present, however, are American. Nonetheless, Alibaba scored a win over foreign competitors recently too: Microsoft matched Alibaba’s machine reading and comprehension abilities, but did it a day later.
Explaining exactly what this achievement means for the future, Luo Si, chief scientist for natural language processing at the Alibaba Institute, said: “That means objective questions such as ‘what causes rain’ can now be answered with high accuracy by machines. The technology underneath can be gradually applied to numerous applications such as customer service, museum tutorials and online responses to medical inquiries from patients, decreasing the need for human input in an unprecedented way.”
Dominion holds Alibaba (as well as Tencent and Baidu) in its Global Trends Ecommerce Fund.
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