Artificial intelligence has so far been mainly the plaything of big tech companies like Amazon, Baidu, Google, and Microsoft, as well as some startups. For many other companies and parts of the economy, AI systems are too expensive and too difficult to implement fully.
It is uncertain which of these companies will become the leader in offering AI cloud services. But it is a huge business opportunity for the winners.
These products will be essential if the AI revolution is going to spread more broadly through different parts of the economy.
Currently AI is used mostly in the tech industry, where it has created efficiencies and produced new products and services. But many other businesses and industries have struggled to take advantage of the advances in artificial intelligence. Sectors such as medicine, manufacturing, and energy could also be transformed if they were able to implement the technology more fully, with a huge boost to economic productivity.
Most companies, though, still don’t have enough people who know how to use cloud AI. So Amazon and Google are also setting up consultancy services. Once the cloud puts the technology within the reach of almost everyone, the real AI revolution can begin.
—Jackie Snow