Artificial Intelligence

Evolution of Artificial Intelligence in Product Development

People think that Artificial Intelligence (AI) was created and used in the last 30 years, but many do not know that we are living the second birth of AI.


Many people think that Artificial Intelligence (AI) was created and used in the last 30 years, but many do not know that we are living the second birth of AI.

The journey of AI

The basics of what we know about AI were created in the 40s and the 50s, starting with McCullouch and Pitts' first artificial neurons and later with the birth of AI research field in Darmouth College in 1956. However, the slowness of computers at that time and the lack of funds for research put an end to AI.

In the late 90s, AI becomes popular again because of the increase of the computational power of the chips (Reference Moore Law) and is used in several areas such as Logistics, Medical diagnosis, etc. The appearance of the first smartphone with internet access in 2007 speeds up the relationship between new technology and society, generating tons of data, new commodities, and new needs among the government, companies, and society.

Prominent AI technologies in the recent years

In these last years, new technologies have been created in the fields of biometrics and linguistics. In the field of biometrics, the recognition of faces, fingerprints, and iris have been improved using Convolutional Neural Networks (CNN) letting us do it precisely and quickly.

In the field of linguistics, we can distinguish several new tools such as chatbots who have come to stay with the help of Natural Language Processing (NLP) models, text generation using the recently new model GPT-3, automatic Q&A using any source of data, extraction of important entities within a text and authorship attribution.

What can do Wealize for you?

At Wealize we are specialists in implementing AI solutions such as Coloq.io, a conversation platform to manage chatbots, Q&A systems, and extraction of relevant data from documents.

If you are planning on developing a project that requires AI, get in contact with us and we will work with you.

Let’s start a project

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