(Tech Crunch) The world’s largest technology companies hold the keys to some of the largest databases on our planet. Much like goods and coins before it, data is becoming an important currency for the modern world. The data’s value is rooted in its applications to artificial intelligence. Whichever company owns the data, effectively owns AI. Right now that means companies like Facebook, Amazon, Alphabet, IBM and Microsoft have a ton of power.
In an act of self-governance, these five companies came together today to announce the launch the new Partnership on AI. The group is tasked with conducting research and promoting best practices. Practically, this means that the group of tech companies will come together frequently to discuss advancements in artificial intelligence. The group also opens up a formal structure for communication across company lines. It’s important to remember that on a day-to-day basis, these teams are in constant competition with each other to develop the best products and services powered by machine intelligence.