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Uncovering Artificial Intelligence in Slovakia!

Artificial Intelligence is already delivering a real value for businesses.

Artificial Intelligence (AI) is being implemented across all industries dramatically increasing human productivity and it will continue to transform the global economic and social ecosystems. Will Slovakia stay at the forefront of a technology that will shape the future of everyone?

“AI is rapidly moving from the laboratory into business and consumer applications. AI is forecast to contribute 16 trillion USD to the global economy and boost global GDP by 26% by 2030 and is poised to have a transformative effect on consumers, enterprises, and governments around the world,” quotes Todd Bradshaw, President of AmCham Slovakia and CEO of PwC from the PwC 2018 AI. According to Peter Kolesár, member of the AmCham Slovakia Board of Directors and CEO of Neulogy, Venture Capital investors worldwide already put $11 billion into AI and machine learning companies in 2017.

“Just recently, a Google CEO presented a new Google Assistant powered by Duplex Artificial Intelligence Technology, making lifelike phone calls. Those of you, who have seen and heard the phone calls, where the other side could not distinguish human from a chatbot - you either considered it amazing or scary. No matter what your position is, it is certainly transformative. However, AI is much more than chatbots. The technology is transforming the entire industries from robotics and medical imaging to marketing, commerce, finance and, of course, IT & manufacturing, “ adds Peter Kolesár.

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On May 15, 2018 American Chamber of Commerce in Slovakia (AmCham Slovakia) with it’s main partners Adient, IBM, Accenture and Microsoft and in cooperation with the Deputy Prime Minister Office for Investments and Informatization of the Slovak Republic and the Representation of the European Commission in Slovakia organized a conference on AI and Data Science.

Many national and international experts discussed the key challenges in using the potential of Artificial Intelligence for the benefit of the Slovak economy and society. Several of AmCham Slovakia members are at the forefront of AI research and are investing in technologies that will transform people’s lives.

AmCham Slovakia, within the newly formed AI-SK Platform (Artificial Intelligence Platform in Slovakia) cooperates closely with experts from the business, academia and government in order to define a common path forward to accelerate the growth of knowledge and technologies in the field of AI.

„In the last ten years, Artificial Intelligence has changed the world in sweeping ways and without a doubt, it will have broad implications on the competitiveness as well as the socio-economic development of Slovakia. The AI-SK platform will discuss the AI challenges and ways how to build trust in AI systems by adopting a responsible approach towards daily use,“ says Petra Zappe, Coordinator of AI-SK Platform in AmCham Slovakia.

A creative open mind will prove to be a big asset in the near future, as technology advances and we continue to experiment with using AI to solve the problems we face today. It’s becoming clear that AI is at the very core of what will shape the future of our economy in the years to come. It is now up to all of us – business community, academia and, policymakers to actively shape how Slovakia will respond to this challenge.

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The American Chamber of Commerce (AmCham) was founded in 1993 in Bratislava as an independent and self-supporting organization, entirely dependent on contributions from its members. Today, it serves as one of the most active foreign Chambers of Commerce in Slovakia. Currently, its membership has reached more than 330 international and Slovak companies, including many of the largest and important firms in Slovakia. Of this amount, approximately 23 % are American companies, about 42 % are Slovak companies and about 35 % are other nationalities.

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