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As businesses continue to deploy artificial intelligence technologies within their operations, they are starting to reap tangible benefits, including material gains. The 2020 Global AI Survey from McKinsey & Co. reported that 22% of companies using AI said the technology accounted for over 5% of their 2019 earnings before interest and taxes. Additionally, revenue generated by AI increased year over year in the majority of the business functions using AI technologies. Companies earning the most from AI told McKinsey they planned to increase their AI investments in response to the COVID-19 pandemic.
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Natural Language Processing is among the hottest topic in the field of data science. Companies are putting tons of money into research in this field.
The AI is the largest language model ever created and can generate amazing human-like text on demand but won't bring us closer to true intelligence.
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