The author shares a personal experience where they used machine learning to extract data from an image of a table and paste it into Excel, saving time and effort. They contrast this with the situation five years ago when they would have had to manually retype the information. The author concludes by stating that these practical applications of AI/ML have a more significant positive impact on their daily life than the offerings of new AI startups.
Key takeaways:
- Most effective AI/ML applications are being integrated into existing products to enhance their functionality, rather than being developed as standalone solutions.
- Machine Learning models are increasingly being used in image processing on smartphones and text extraction from images or videos.
- These AI/ML applications are efficient and do not require large datacenters for their operation.
- The author appreciates the practical benefits of these AI/ML applications in daily life, such as text extraction from images, over the offerings of new AI startups.