You, Your Small Business, and AI.

AI deconstructed for you (continued) 

 Following from our previous blog of definitions, acronyms and concepts in the AI world, I bring you more explanations of terminology which were curated from various online sources. Hopefully this knowledge might be of value to you as you navigate this vast and complex early development stage of AI technology; both in the world of business and our personal lives. 

 AI Agents and AI Models:

Unlike simple chatbots, the term AI Agents refers to intelligent, reasoning machines. They can manage entire processes using various tools to complete workflows. They learn from new data and solve problems without human input, collaborating with other agents.

 The term AI Models refers to various trained computer programs that use algorithms to recognise patterns in large datasets. As a dynamic system, AI agents use models to perceive their environment, make autonomous decisions, and take actions to achieve goals, often with memory and tool use (like a resourceful assistant using a calculator).

 Data Centres: 

Evolved from single-company, on-premise rooms to large, shared, remote physical facilities housing IT infrastructure—servers, storage, and networks. They process, store, and distribute vast amounts of data, powering everything from cloud services and streaming to AI.

 Simulations and World models:

AI simulations create digital environments to train, test, and refine artificial intelligence by mimicking real-world scenarios, allowing for risk-free experimentation and data generation (synthetic data). This works in two ways: using AI to enhance traditional simulations and using simulations to improve AI models.

 Hallucinations

AI hallucinations are misleading or incorrect results that AI models generate. These errors can be caused by a variety of factors, including insufficient training data, incorrect assumptions made by the model, or biases in the data used to train the model.

 Nanotechnology

This is the science and engineering of manipulating matter at the atomic and molecular levels to create novel materials, devices, and systems with unique properties. At this "nanoscale," materials behave differently than they do at larger sizes, allowing for applications in medicine, electronics (faster chips), energy (solar cells), and stronger materials.

Atomic re-assembly

This term refers to the largely theoretical process of manipulating individual atoms to construct specific structures, materials, or molecules, essentially building matter from the "bottom up." This concept, closely tied to nanotechnology and molecular manufacturing, seeks to arrange atoms into desired, precise configurations, often contrasted with top-down manufacturing, which breaks down larger materials.

 Molecular machine/assembler

A proposed, highly advanced device capable of constructing complex structures by positioning reactive molecules with atomic precision. It is envisioned as a "molecular machine" that follows instructions to build, molecule by molecule, or atom by atom.

 Humanoid

A humanoid is a non-human entity, typically a robot, designed to resemble and mimic human form, movement, and behaviors to function in human environments and use human tools. These robots integrate AI, sensors, and advanced mechanics to perform complex tasks, from manufacturing and logistics to child and elder care, aiming to work alongside people by adapting to spaces built for humans. They are equipped with sensors (like touch sensors in fingertips) and AI for perception, speech processing, facial recognition, and learning.

 UBI (Universal Basic Income)

Income: a regular cash transfer available to all working-age adults, with no conditions.

Universal: It's available to everyone, regardless of employment status or income. 

Basic: It's enough to meet essential needs and support dignity.

Conclusion

The vast amount of AI-terminology is growing as fast as the technology itself and can be rather intimidating, However, just as we do not need to know what is under the hood of a car to drive it, making sense of it all and understanding the basics helps eliminate fear. It is also helpful when making the right decisions in your business at the same time.

 More terminology and explanations in blogs to come…