In a major boost to artificial intelligence (AI) research, five top-notch tech companies -- Facebook, Amazon, Google, IBM and Microsoft -- have joined hands to announce a historic partnership on AI and machine learning.
Don't Miss: The Best HDR TVs
It means that these companies will discuss advancements and conduct research in AI and how to develop best products and services powered by machine learning, TechCrunch reported on Thursday.
Initial financial help will come from these companies and as other stakeholders join the group, the finances are expected to increase.
"We want to involve people impacted by AI as well," Mustafa Suleyman, co-founder and head of applied AI at DeepMind, a subsidiary of Alphabet (parent company of Google), was quoted as saying.
According to the report, the organizational structure has been designed to allow non-corporate groups to have equal leadership side-by-side with large tech companies.
"The power of AI is in the enterprise sector. For society at-large to get the benefits of AI, we first have to trust it," Francesca Rossi, AI ethics researcher at IBM Research, told Techcrunch.
AI-powered bots will become the next interface, shaping our interactions with the applications and devices we rely on and Microsoft's latest solutions are set to change the way HP interacts with its customers and partners, Microsoft's Indian-born Microsoft CEO Satya Nadella said recently.
At Microsoft's Worldwide Partner Conference in August, Nadella had said that AI-powered chatbots will "fundamentally revolutionize how computing is experienced by everybody."
Read the full announcement of the Partnership on AI below.
Amazon, DeepMind/Google, Facebook, IBM, and Microsoft today announced that they will create a non-profit organization that will work to advance public understanding of artificial intelligence technologies (AI) and formulate best practices on the challenges and opportunities within the field. Academics, non-profits, and specialists in policy and ethics will be invited to join the Board of the organization, named the Partnership on Artificial Intelligence to Benefit People and Society (Partnership on AI).
The objective of the Partnership on AI is to address opportunities and challenges with AI technologies to benefit people and society. Together, the organization’s members will conduct research, recommend best practices, and publish research under an open license in areas such as ethics, fairness, and inclusivity; transparency, privacy, and interoperability; collaboration between people and AI systems; and the trustworthiness, reliability, and robustness of the technology. It does not intend to lobby government or other policymaking bodies.
The organization’s founding members will each contribute financial and research resources to the partnership and will share leadership with independent third-parties, including academics, user group advocates, and industry domain experts. There will be equal representation of corporate and non-corporate members on the board of this new organization. The Partnership is in discussions with professional and scientific organizations, such as the Association for the Advancement of Artificial Intelligence (AAAI), as well as non-profit research groups including the Allen Institute for Artificial Intelligence (AI2), and anticipates announcements regarding additional participants in the near future.
Don't Miss: See the first leaked Black Friday 2016 Ad
AI technologies hold tremendous potential to improve many aspects of life, ranging from healthcare, education, and manufacturing to home automation and transportation. Through rigorous research, the development of best practices, and an open and transparent dialogue, the founding members of the Partnership on AI hope to maximize this potential and ensure it benefits as many people as possible.