AI and Its Democratization

What historical development is AI compared to in the video?

• The discovery of electricity

• The rise of literacy

• The invention of the internet

• The Industrial Revolution

What analogy is used to describe the current state of AI development?

• AI is like the discovery of electricity

• AI is in the hands of high priests and priestesses

• AI is like a new industrial revolution

• AI is like the invention of the internet

Why is AI largely concentrated in big tech companies?

• Because AI projects are expensive to build

• Because they have the most data

• Because they have the best algorithms

• Because they have the most skilled engineers

What example is used to illustrate the potential benefits of AI for small businesses?

• A local clothing store

• A local pizza store

• A local coffee shop

• A local bookstore

What is a major reason small businesses struggle to implement AI?

• High costs of hiring an AI team

• Insufficient data

• Lack of interest

• Lack of skilled workers

What is the 'long-tail problem' in AI?

• The issue of AI requiring massive data sets

• The problem of AI being too expensive

• The challenge of applying AI to diverse small businesses

• The difficulty in creating AI for large companies

How can AI help a T-shirt company according to the video?

• By designing new T-shirts

• By forecasting demand based on social media trends

• By hiring more employees

• By reducing production costs

What is one of the emerging new ways to build AI systems?

• Hiring more AI engineers

• Focusing on providing data

• Using stone tablets and chisels

• Writing more complex code

What is one of the benefits of the new AI development platforms?

• They are more expensive

• They are harder to use

• They focus on providing data

• They require more coding

What is the ultimate goal of democratizing access to AI?

• To limit AI to big tech companies

• To reduce the number of AI engineers

• To spread wealth across society

• To make AI more complex