May 10, 2018

05/10/2018: AI can generate trillions for companies

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(U.S. Edition) On the occasion of a White House summit for companies on how they can best utilize artificial intelligence, we talk about how regulations lag behind AI, which has broken out of the realm of science fiction and is…

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How artificial intelligence can be applied to the real world

May 10, 2018
AI can generate trillions for companies, according to a new report from the McKinsey Global Institute.
A visitor holds a hand of an AILA, or Artificial Intelligence Lightweight Android.
CARSTEN KOALL/AFP/Getty Images

(U.S. Edition) On the occasion of a White House summit for companies on how they can best utilize artificial intelligence, we talk about how regulations lag behind AI, which has broken out of the realm of science fiction and is being used in smartphones, self driving cars and drones. We also talk to the director of the McKinsey Global Institute, which released a new report on the real and practical uses of AI for businesses trying to understand information and supply chains. Plus, China’s fourth-largest cell phone brand has halted most of their operations less than a month after the U.S. Commerce Department banned American companies from supplying them parts like microchips, which they rely on. Is it an indicator of a new cold war between the U.S. and China?

The team

Stephen Ryan Producer, BBC