How does AI work?
An AI model is a set of algorithms that seeks to optimize decisions and actions by mapping probabilistic outcomes to a utility value within a constantly changing environment…with minimal human intervention.
Utility value describes the subjective value the AI model assigns to different outcomes based on its programmed goals and objectives. For example, an AI designed to maximize profit for a company may assign a higher utility value to decisions that result in increased revenue or decreased expenses. In comparison, an AI designed to improve healthcare outcomes may assign a higher utility value to decisions that lead to improved patient outcomes and reduced healthcare costs.
This set of algorithms can learn trends, patterns, and relationships buried in data and make predictions based on those trends, patterns, and relationships to make decisions and act on them. The AI model is trained on a dataset consisting of variables and metrics (input data) that corresponds...
