We are focusing on four vertical markets - utilities, public sector, large enterprises, and transportation. And, we are building a software business as well that includes analytics, security, IOT platforms, and AI.
It is difficult to think of a major industry that AI will not transform. This includes healthcare, education, transportation, retail, communications, and agriculture. There are surprisingly clear paths for AI to make a big difference in all of these industries.
I joined Baidu in 2014 to work on AI. Since then, Baidu's AI group has grown to roughly 1,300 people, which includes the 300-person Baidu Research. Our AI software is used every day by hundreds of millions of people.
India has a large base of tech talent, and I hope that a lot of AI machine learning education online will allow Indian software professionals to break into AI.
Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.
Candidly, when you go back to '07 or '08, it was hard to sell cloud. We started out by focusing on large enterprises on day one. Everybody thought cloud was for SMBs (small and mid-size businesses), but we made the leap that it was going to be for large enterprises, that they were going to replace their core systems.
My district includes the two urban centers of Charlotte and Fayetteville, as well as large rural areas. Obviously, these diverse segments of North Carolina require different approaches to meeting current and future transportation demands.
Now with our Software Developer Kit (SDK), any developer can embed Emotion AI into the apps, games, devices, and digital experiences they are building, so that these can sense human emotion and adapt. This approach is rapidly driving more ubiquitous use of Emotion AI across a number of different industries.
The acquisition of Symphony Teleca... gives us immediate scale in software services. With the addition of cloud, mobility, and analytics competencies, we will accelerate solutions for the connected car and for a broader set of industries and markets.
It takes four private-sector jobs to support every public-sector employee.
There is definitely a need for increasing capacity in higher education; a large part of this is being met in the technical education segment by the private sector and in the non-technical by the state sector. In the public sector, we will do whatever we can afford.
People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.
It's always been government's role to protect the security of the nation. And cyber-attacks is a security issue, from our perspective. And it's a security issue of particular concern with respect to the nation's core critical infrastructure, the infrastructure everyone relies on, the energy sector, the telecommunications sector, the banking sector.
Private sector unionization is down to practically seven percent. Meanwhile the public sector unions have kind of sustained themselves [even] under attack, but in the last few years, there's been a sharp [increase in the] attack on public sector unions, which Barack Obama has participated in, in fact. When you freeze salaries of federal workers, that's equivalent to taxing public sector people.
Software is eating the world, but AI is going to eat software.
We can put millions of America's idle young people to work helping to repair and restore America's deteriorating infrastructure, public utilities, and transportation systems. Nothing would revitalize the nation's sagging economy more than such a commitment.
When I look at the many energy-using sectors - such as businesses, households, electricity generators, the transportation sector - I see that the business sector is the one which uses the energy efficiency potential the highest, because they know that using energy more efficiently will also reduce their costs.