X Prize and IBM have joined hands for a novel $5 million artificial intelligence project that is hoped to garner valued results.
On the occasion of the TED 2016, the X Prize founding father and IBM general manager got together to declare the beginning of a new competition. This one will be all about AI.
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The competition will award a $5 million prize to the winning team. Groups from all over the global village will try to come up with their own versions of how artificial intelligence could help people’s lives.
The competition has limitless scope for the future. It doesn’t lay down any strict parameters with reference to AI products or services. Those who are participating in the competition can choose anything they want as their area of focus.
This can range from climatology to education to the healing arts. The cooperation of human beings in creating AI stuff that will go on to solve the great challenges of the world is what this competition is all about. There will be three finalists who will get to deliver their presentations at the end of the competition.
X Prize has always taken giant steps. It has pushed the boundaries of invention and discovery in the field of AI. The number of competitions it has inaugurated over the years are countless.
As for the technologies that have been generated, they are the best of the best. Such leading edge areas of endeavor as spacecraft evolution, oceanic charting and human genomic mapping are the focal point for the competition.
The incentive of huge sums of money is meant to excite the participants into excelling one another in inventing new technologies. In the past, specific requirements would be laid down for awarding the prize money.
This time around though the format is very different. The participants are being given a free hand to come up with their own challenges and work towards their resolution.
This prize competition has been labeled the IBM Watson A.I. XPRIZE: A Cognitive Computing Competition. The ultimate goal is to create a forum for idea generation that could be put to practical use in order to solve the most urgent of global problems.
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What could be a better tool to address the current problems than artificial intelligence? It is all we have to deliver us from the scourges we face today. The objective is to present a vision of a utopian future instead of a dystopian one. That is indeed a worthy goal if ever there was one.