Lee Bressler Explores This Year’s Biggest Advances in Artificial Intelligence
As what was once considered science fiction has today largely become a reality, New York City equity fund portfolio manager Lee Bressler explores several of this year’s most significant advances in artificial intelligence and surrounding technologies as he uncovers substantial new developments in accessibility, public perception, and innovation from East Asia.
“The increasingly accessible nature of artificial intelligence technology has been big news this year,” says Bressler.
Solely the preserve of massive technology companies such as Microsoft and Google just a few years ago, things today are very different. “Not only is it now entirely feasible for almost any company to capitalize on artificial intelligence,” Bressler points out, “but it’s becoming more and more available to us in our home lives, on an individual and family level.”
“That’s a massive leap forward by any measure,” adds the equity fund portfolio manager.
Second, among Bressler’s noteworthy advancements in artificial intelligence, this year is China’s staggering innovation in the field. “Chinese technology has long taken the lead from successes in the western world,” he says, “but now, it’s beginning to lead the way, with China proving revolutionary in fields including artificial intelligence and machine learning, for example.”
New York-based portfolio manager Lee Bressler explores the ongoing explosion of artificial intelligence and associated technologies.
He continues, “While the U.S. is currently leading the artificial intelligence field, the Chinese technology industry is poised to overtake at any time, with more investment into artificial intelligence now coming from China than anywhere else in the world.”
Lastly, Bressler points toward a change in public perception surrounding artificial intelligence. “For years, people speculated and worried that artificial intelligence would one day cost them their jobs,” he explains.
However, says Bressler, at least for now, this is just not the case, and people are beginning to recognize that. “Artificial intelligence is allowing for the automation of repetitive and routine tasks, but is not taking existing job roles away from the people who currently fill them,” reveals the New York-based finance professional.
While artificial intelligence and machine learning technologies can today complete many tasks more efficiently and with better accuracy than a human, this is merely affording more time for workers and workforces in almost all industries to instead focus on often much more valuable tasks which require a personal touch, according to Bressler.
Right now, he says, artificial intelligence is making workers more productive by removing labor-intensive, repetitive tasks from their workloads. “It is not, however, replacing them, nor is that something we’re likely to see happen any time soon, and it’s great to see people beginning to understand and accept that fact, and embracing artificial intelligence rather than fearing it,” adds Bressler, wrapping up.