Artificial Intelligence (AI) can be deployed for a wide range of applications to promote the goals of the European Green Deal. However, adverse environmental impacts of AI could jeopardise the attainment of these goals. The report describes environmental potential, clarifies characteristics and causes of environmental risks, and outlines initiatives and best practices for environmental policies. It illustrates the need for regulatory action to align design and deployment of AI with the goals of the European Green Dealandconcludes with specific recommendations. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Special Committee on Artificial Intelligence in a Digital Age (AIDA)
Artificial intelligence continues to sweep through all industries horizontally, changing software and technological processes as we know them. In the uncertain climate of COVID-19, AI is the key source of transformation and disruption used by many corporations to stay afloat and remain competitive –by virtue of assistance, augmentation and automation it can contribute to various processes.
Healthcare, automotive and financial services are the sectors with the greatest potential for product enhancement and disruption due to AI according to our analysis. However, there is also significant potential for competitive advantage in sectors such as content targeting in marketing, edge AI image enhancement, and natural language processing (NLP).
The report focuses on subsectors such as Quantitative Analysis, Computer Vision and Language Analysis, and includes:
- Trends and analysis of deal activity
- Deal geography
- Top acquirers
- Valuation metrics
This year, we’re also including two exclusive interviews with ground-breaking AI companies in the computer vision and NLP sectors for their take on current and future progress in the AI space and the effects of the pandemic on AI businesses.