How AI Could Empower Any Business | Andrew Ng | TED - Summary

Summary

The speaker discusses the historical context of literacy and draws parallels with AI access. In the past, only a few were literate, similar to how only tech experts currently have AI access. He highlights the potential for AI in small businesses like pizzerias and proposes accessible platforms that enable individuals to build custom AI systems. The talk emphasizes democratizing AI access to empower everyone, similar to the historical spread of literacy.

Facts

Sure, here are the key facts extracted from the text without including opinions:

1. Many people in society thought not everyone needed to be able to read and write in the past.
2. Initially, written communication was primarily for high priests, priestesses, and monks.
3. Today, highly skilled AI engineers are often the ones with access to AI.
4. Large tech companies have concentrated AI due to their ability to make significant investments.
5. AI projects can be expensive, requiring skilled engineers and significant funding.
6. Small businesses and local businesses could benefit from AI but often lack access to it.
7. AI's value varies significantly, with some projects being highly valuable, while others are unique and custom.
8. Emerging AI development platforms focus on data rather than coding.
9. These platforms empower individuals and small businesses to build AI systems.
10. Democratizing access to AI can spread wealth across society, similar to the impact of widespread literacy.

These facts summarize the main points from the provided text.