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• AI in Banking and Finance: Trading mainly depends on the
ability to predict accurately. Machines are used because they
can analyse huge amounts of data in a short span. Machines
use AI to study patterns and trends in the data and predict how
these patterns may repeat in the future. Nomura (Japanese
brokerage house) Securities is using AI to analyse the insights
of experienced stock traders. AI in banking is growing at a fast
pace. A lot of banks have already adopted AI-based intelligent
systems to provide customer support to detect anomalies and
credit card frauds.
• AI in Gaming Industry: One of the biggest accomplishments
of AI is in the gaming industry. In video games, AI is used to
generate intelligent behaviour of the game characters similar
to human-like intelligence. AlphaGo, is the first AI program
that plays board game Go and defeated a professional world
rank no 1 player Fan Hui, on a full-sized board with no
handicaps.
• AI in Space Exploration: Astronomers used AI to sift through
years of data obtained by the Kepler telescope to identify
a distant eight-planet solar system. AI is also being used
for NASA's next mission to Mars, the AEGIS—a Mars-based
AI robot, already on the planet is responsible to handle
autonomous targeting of cameras in order to perform
investigations in Mars.
Brainy Fact
Chandrayaan-3 was a lunar exploration mission by the Indian Space Research Organisation
(ISRO). It was launched on July 14, 2023 and successfully soft-landed on the Moon's south pole
on August 23, 2023. It is India's third lunar exploration mission and the first to land on the Moon's
south pole. It is designed to explore the region for water ice and other resources.
• Autonomous Vehicles for Advanced Features: The development
of autonomous vehicles will revolutionaries the transportation
system. Waymo, after many test drives, launched their first public
riding services. Waymo’s AI software crunches data from vehicles
lidar, camera, GPS and cloud services to produce control signals
that operate the driverless vehicle.
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