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Ideas to monetize new artifical intelligence

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21–30 of 106 posts

Re: Ideas to monetize new artifical intelligence

#21

You could try to find a good pilot customer who has valuable data and is willing to work with you to adapt the algorithm to their particular problem. What you want as an outcome is a story like this: "Math Whizzes Turbocharge An Online Retailer's Sales" ( http://www.informationweek.com/showArticle.jhtml?articleID=2... )

Working with a medical company to improve the results of their CAD software. After it works (hopefully :) ) that can be a great way to drive the next client.

Re: Ideas to monetize new artifical intelligence

#22
Investing. Look to Machine Insight in Cambridge, and the work they've done. They're trying to train an AI system to be Warren Buffet in a box. You don't hear much about this trend, because people are making way too much money to talk about it openly.

I'll put it this way: if you can consistently beat the market by a few percentage points, you can be a billionaire.

Re: Ideas to monetize new artifical intelligence

#23
post #18
post #16

Build a public web API to use your technology for a fee. Make it dead simple to incorporate AI into any application.

Thats an awesome idea. Integration is pretty simple, as you can use it almost as a drop in replacement for a backprop neural network.

Uhm? The latency as a public api will render it useless for most applications.

Re: Ideas to monetize new artifical intelligence

#24
post #4

Patent and publish it. CAD is not limited by the algorithm so much as a lack new problems. However, if you can generate a little buzz you can become a consultant / start a consultant company. PS: Many machine learning systems can trade off accuracy for efficiency so you might look into increasing efficiency vs. accuracy for some existing application.

Do not do this. Patents are not good protection, and a good enough algorithm is much better kept a secret.

Re: Ideas to monetize new artifical intelligence

#26
post #23
post #18

Earlier quoted context omitted.

Thats an awesome idea. Integration is pretty simple, as you can use it almost as a drop in replacement for a backprop neural network.

Uhm? The latency as a public api will render it useless for most applications.

Most AI application aren't realtime (although some of them in the chemical industry for example are ). A doctor doesn't care if his cancer diagnosis takes another 20 milliseconds so long as its a bit more accurate. And a bank trying to analyze if a credit card transaction is fraud or not doesn't care about the short delays either.

Re: Ideas to monetize new artifical intelligence

#27
post #17
post #8

Netflix challenge? No recurring revenue, but, hey, a million dollars. You'll have to disclose the algorithm to accept the prize.

Thats the problem disclosing the algorithm is something I'd rather avoid. I don't mind sharing it with a company for a licensing fee as long as I don't have to public domain it.

Then don't disclose the algorithm or collect the $1 million. If your algorithm really is good, demonstrate it by 'winning the prize', but rather than claiming the money and turning your algorithm over to Netflix sell it to someone.

You're really wasting your time with the stock market though. Technical analysis is just silly.

Re: Ideas to monetize new artifical intelligence

#29
post #26
post #23

Earlier quoted context omitted.

Uhm? The latency as a public api will render it useless for most applications.

Most AI application aren't realtime (although some of them in the chemical industry for example are ). A doctor doesn't care if his cancer diagnosis takes another 20 milliseconds so long as its a bit more accurate. And a bank trying to analyze if a credit card transaction is fraud or not doesn't care about the short delays either.

Applying the algorithm to financial markets would be highly latency-sensitive, though.

I'm not sure I buy the web service idea, either: wouldn't typical applications require a lot of input data (training set + test set) in order to be effective? Uploading all that data could be annoying, compared with just running the algorithm locally at the customer's site.

Re: Ideas to monetize new artifical intelligence

#30
post #26
post #23

Earlier quoted context omitted.

Uhm? The latency as a public api will render it useless for most applications.

Most AI application aren't realtime (although some of them in the chemical industry for example are ). A doctor doesn't care if his cancer diagnosis takes another 20 milliseconds so long as its a bit more accurate. And a bank trying to analyze if a credit card transaction is fraud or not doesn't care about the short delays either.

> And a bank trying to analyze if a credit card transaction is fraud or not doesn't care about the short delays either.

Oh yes, they do. That I do know.

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