Ai Intelligence Report

INNOVATIONS MAKES NEW INVENTIONS
AGILE GOVERNANCE
AGILE GOVERNANCE
COMPANY SUMMARY/OVERVIEW
Tala is a Los Angeles-based company that allows users without

any credit history to download a smartphone app that collects
thousands of data points to develop
what essentially works as a credit
score, so they can access loans. One
of those data points is a customer’s
call logs. In rural areas, however,
challenges with electricity and
network coverage result in fewer
phone calls than in urban areas; and with fewer data points, the
algorithm may be less precise in determining creditworthiness.
WHAT THEY PROVIDE
Tala offers the world’s most

accessible consumer credit
product, instantly
underwriting and then
disbursing loans to people
who have never had a formal
credit history, all through a smartphone app. Loans range from $10 to
$500.
HOW THEY DO IT
Powered by advanced data science, Tala has
built a modern credit infrastructure from
scratch. Anyone with an android smartphone
can apply for a loan and receive an instant
decision, regardless of their credit history. The
application takes only minutes and money is sent directly to the
borrower’s mobile money account or other cash out options.
WHY THEY DO IT
With nearly half of the global
population unable to participate in
the formal financial sector, the world
misses out on countless new ideas,
businesses, and innovations. At Tala,
we believe every person deserves the opportunity to take charge
of their financial life. That’s why we’re building a financial system
that works for everyone.
TALA LOCATIONS
INDIA KENYA MEXICO PHILIPPINES
Tala is just one example of a growing number of companies

leveraging artificial intelligence and machine learning to provide
digital credit to the previously unbanked. But efforts like these
can also demonstrate how good intentions might drive bad
outcomes depending on whether data is representative, said Erica
Kochi, co-founder of the Innovation Unit at the United Nations
Children’s Fund and co-chair of the World Economic Forum’s
Global Council on Human Rights.
Artificial intelligence and machine learning are technologies that
will transform the world, in part because they can identify
patterns in data that can inform decisions, she said. But while this
works well in areas of perfect data — such as earthquakes, where
all events are recorded — in cases where data is imperfect, there
are two major risks. One is that people who design the algorithms
may not understand how they will be used, and the data points
that train the algorithms may not be representative, she said.
“If the system fails, who will it fail

for, and what are we going to do
about it?” she said. “If something
does go wrong, how do I know
where it went wrong, and what’s
my access to redress?”
One of the messages Kochi will focus on in Davos is how to

prevent discrimination and bias in machine learning, which she
said will demand action from business, governments, and the
global development community. Each of these groups should
consider how applications of machine learning impact human
lives, on the spectrum of movie recommendations to autonomous
weapons, she said. Kochi said that while legislation should not
stand in the way of progress, some regulation will be essential for
protecting human rights. Since this technology extends across
borders, she suggested that an international body might perform
the auditing of algorithms.
Companies can either be responsible and work together with

governments, NGOs, and international organizations to come up
with the right governance, or they can be hindered with bad
regulations,” Kochi said. “They will either be regulated out of
existence, and we won’t see the benefits, or we’ll have to work
together — and it’s going to be hard and messy but we have to do
it.”
The Davos agenda features a number of sessions on agile

governance of Fourth Industrial Revolution technologies, with
many of these sessions developed in partnership with the World
Economic Forum’s Centre for the Fourth Industrial Revolution in
San Francisco. “The rapid speed of technological change is
dismantling traditional institutions and mechanisms for
governance,” the agenda reads.
“What tools can help leaders
accelerate the response time,
while ensuring the process
remains inclusive and
trustworthy of all of society?”
Topics of conversation include national standards for global
technologies, including one on “Drones for All,” one of the projects the
World Economic Forum is focusing on at its centre.
ABOUT AI INTELLIGENCE
Artificial intelligence (AI) is a wide-ranging branch of computer
science concerned with building smart machines capable of
performing tasks that typically
require human intelligence.
Artificial intelligence (AI), the
ability of a digital computer or
computer-controlled robot to
perform tasks commonly
associated
with intelligent beings.AI has
made it possible to deposit cheques from the comfort of your
home. AI is proficient in
deciphering handwriting,
making online cheque
processing practicable. The
way fraud can be detected by
observing users' credit card
spending patterns is also
an example of artificial
intelligence.
The three main branches of mathematics that constitute a
thriving career in AI are Linear algebra, calculus, and Probability.
Linear algebra. Linear Algebra is the field of
applied mathematics which is something AI experts can't live
without. Math helps in understanding logical reasoning and
attention to detail.
IMPORTANCE OF AI INTELLIGENCE
AI technology is important because it enables human capabilities
– understanding, reasoning, planning, communication and
perception – to be
undertaken by software
increasingly effectively,
efficiently and at low cost. ...
Applications of AI-powered
computer vision will be
particularly significant in the
transport sector. Artificial intelligence forms the basis for all
computer learning and is the future of all complex decision
making. AI assists in everyday of our lives, whether we're trying
to read our emails, get driving
directions, get music or movie
recommendations. (AI) makes it
possible for machines to learn from
experience, adjust to new inputs
and perform human-like tasks.
example ordering groceries from app big basket milk basket
grofers and writing emails students are attending online classes
through google meet / zoom / google hangouts etc other life
examples. It might be easier to state what part of our modern
society artificial intelligence touched to show how important it is
to our daily lives, business
operations and society.
Intelligence machines
are influencing nearly
every facet of our
lives to help improve
efficiencies and augment our human capabilities
ROLE OF MATHS IN AI
Various problems are hard to solve using traditional
programming methods like computer games, self-driven cars,
recognizing objects. One way round is to tell computers how to
learn from data, this is machine learning.
Machine Learning helps Amazon suggest products for you,
Youtube recommend videos,
classify spam mail, etc. To
make this possible, we
combine mathematics with lots
of programming.
Machine Learning is all about
creating algorithms that can
learn data to make a prediction. Machine Learning is built on
mathematical prerequisites.
Mathematics is important for solving the Data Science project,
Deep Learning use cases. Mathematics defines the underlying
concept behind the algorithms and tells which one is better and
why.
Machine Learning is structured on the foundation of these four
pillars of Mathematics:
1. Linear Algebra
2. Calculus
3. Statistics
4. Probability
5. Integers
Artificial intelligence blends algorithms and applications. Machine
Learning is all about creating algorithms that can learn data to
make a prediction. ... Mathematics is important for solving the
Data Science project, Deep Learning use
cases. Mathematics defines the underlying concept behind the
algorithms and tells which one is better and why. And how to do.
Mathematics helps AI scientists to solve challenging deep abstract
problems using traditional methods and techniques known for
hundreds of years.
Here are few videos which tells all about Artificial Intelligence
For further information and research –
THANK YOU
Shreshthta Sharma 7-F

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INNOVATIONS MAKES NEW INVENTIONS

Tala is a Los Angeles-based company that allows users without

WHAT THEY PROVIDE

Tala offers the world’s most

INDIA KENYA MEXICO PHILIPPINES

Tala is just one example of a growing number of companies

“If the system fails, who will it fail

One of the messages Kochi will focus on in Davos is how to

Companies can either be responsible and work together with

The Davos agenda features a number of sessions on agile

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