Technology has played a pivotal role in the COVID-19 crisis,...

• Technology has played a pivotal role in the COVID-19 crisis, with Artificial Intelligence assisting in dealing with the pandemic.
• Scope for AI is massive, with substantial progress made in the fields of self-driving cars, gameplaying machines and virtual assistants.
• Areas with significant improvement include image understanding, intelligent decision making, artificial creativity, natural language processing and physical automation.
• After the recent introduction of AKD1000, AI solutions provider BrainChip entered a joint development pact with Valeo Corporation.
• The Company also signed an agreement with a Detroit-based company for the evaluation of AkidaTM Neural Processor.

Artificial Intelligence is expected to have a firm grip on the market in the upcoming future. A recent report published in May 2020 by the Australian Government highlighted that there is a variety of high-profile demonstrations of Artificial Intelligence and significant progress has been made in fields of self-driving cars, gameplaying machines and virtual assistant. Further, AI has had a considerable role to play in managing the current COVID-19 crisis.

DO READ: How is Artificial Intelligence helping in dealing with the COVID-19 crisis?

During the last decade, there have been five vital areas where significant growth has been witnessed. These include:

• Image understanding
• Intelligent decision making
• Artificial creativity
• Natural Language Processing
• physical automation

The scope of AI is not exhaustive. However, the above five regions have shown a significant change in the past ten years.

ASX-listed BrainChip Holdings Ltd (ASX:BRN) is one such technology company that is engaged in developing innovative neuromorphic processor that brings AI to the edge in a manner that is beyond the abilities of other neural network devices. The solution is high-speed, small, low power. It allows a broad range of edge abilities comprising continual learning, local training, and interpretation.