15 Questions
What is a General Purpose Technology?
A technology that can affect an entire economy and has the potential to drastically alter societies
Who made the statement 'Just as electricity transformed almost everything 100 years ago, today I actually have a hard time thinking of an industry that I don’t think AI will transform in the next several years'?
Andrew Ng
Which industry does Andrew Ng predict to be transformed by AI in the next several years?
Almost every industry
What is the main characteristic of rule-based algorithms?
They follow a logic similar to cake recipes and are direct and unambiguous
According to Polanyi’s Paradox, what is difficult to codify and automate?
Tasks relying on tacit, intuitive knowledge
What makes machine learning different from traditional programming?
Machine learning requires enough data and an adaptable model
Which term is used to refer to a technology that can significantly impact an entire economy and has the potential to greatly alter societies?
General Purpose Technology
What is the distinguishing factor between AI and machine learning according to the text?
Ability to Learn Independently
What is the main characteristic of rule-based algorithms?
Reliance on Pre-Defined Rules
According to Polanyi’s Paradox, what is difficult to codify and automate?
Tacit Knowledge
What is the fundamental difference between rule-based algorithms and machine learning algorithms?
Rule-based algorithms are direct and unambiguous, while machine learning algorithms analyze data to discover useful patterns.
What does the AI Effect refer to?
The transformation of industries by AI in the coming years
What is the primary characteristic of machine learning-based algorithms?
They aim to discover useful patterns between different items of data
In the context of AI, what is difficult to codify and automate according to Polanyi’s Paradox?
Tasks relying on tacit, intuitive knowledge
What is the defining characteristic of rule-based algorithms?
They are direct and unambiguous, following a 'step one: do this' approach
This quiz covers the concept of General Purpose Technology and its potential to alter economies and societies as part of the course 'AI for Innovation and Entrepreneurship'. The quiz discusses the impact of technology on pre-existing economic and social structures, drawing parallels with historical examples like electricity.
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