These lines are from English mathematician Turing's "Computing Machinery and Intelligence" article published in 1950. Turing is mostly credited as father of theoretical computer science. In 1950 Alan Turing developed 'Turing Test' to determine if machines can also think like human. It's interesting to observe how his forecast has come true in the modern era given the pervasive application of AI and machine learning in many spheres of our lives.
What is Emotional Artificial Intelligence (Emotional AI):
People are known to be emotional creatures. Therefore, a lot of what influences their decisions is also influenced by the emotions and feelings they are going through. A person's everyday activities, decision-making, and the course of their life are greatly influenced by their emotions. Businesses must therefore be able to understand and recognize human feelings or emotions to appropriately position their goods or services. Herein lies the relevance of the concept of "emotional artificial intelligence" (Emotional AI), an interdisciplinary field of study that investigates the extent to which robots are able to understand and respond to human emotions.
Emotional AI, a branch of artificial intelligence recognizes human emotions and reacts accordingly using advanced machine learning techniques. Thanks to advances in technology, machines are now easily able to recognize characteristics such as age, gender, race, personality, intentions, hobbies and mood.
Some of the basic techniques are face reading and speech recognition. Emotional AI or artificial emotional intelligence is the ability of machines to recognize, understand, quantify, and even mimic human emotions. Emotional AI is also referred to as human-centered artificial intelligence.
Techniques for Developing Emotional AI
A. Natural language processing (NLP)
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
ICICI Bank partners with PhonePe to offer instant credit on UPI
ICICI Bank announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.
Indiagold Eyes Major Expansion in India's Gold Loan Market
Indiagold, a prominent fintech company specialising in gold loans, is set to disrupt the gold loan industry with its ambitious expansion plans and innovative product offerings.
RBI CIRCULAR
Facilitating accessibility to digital payment systems for Persons with Disabilities Guidelines
Legal News
The Supreme Court announced the launch of a new webpage on its official website providing summaries of landmark judgments.
The Role and Impact of the Insolvency and Bankruptcy Code (IBC) in NPA Recovery
Indian banks, especially grappling with the mounting challenge of Non-Performing Assets (NPAs) within Scheduled Commercial Banks (SCBs), are experiencing a significant downturn in their capacity for credit recycling, resulting in reduced business opportunities and declining profits. However, various factors contributing to the severity of NPA problem are including macro-economic, political, and internal factors, emphasizing the complexity of the issue. With this background, the present study puts an effort to look at the role of the Insolvency and Bankruptcy Code (IBC) in NPA recovery and also showcasing its significance in resolving insolvency and maximizing creditor recovery.
Big Data in Banking: Analysing its Role, Advantages and Challenges
Globally Inflation started rising post April 2021 and went above the target range set by most of the Central Banks. It had remained low and dormant for a substantial duration since the global financial crisis. CPI inflation in developed countries such as US, UK and Euro zone, began to exceed their traditional target of 2% and continue to stay at these elevated levels till recent time.
Is SIP Always the Best Option? A Look into Lump-Sum vs SIP During Volatile Markets
SIP is a method of investing a fixed amount at regular intervals, typically monthly, into a mutual fund. It allows investors to buy more units when prices are low and fewer when prices are high, a process known as rupee cost averaging.
Strategies for Mutual Fund Retail Investors during market downturns
When stock markets experience a decline, mutual fund investors often face a sense of insecurity and apprehension. The volatility can lead to impulsive decisions, which, rather than securing financial health, may impair long-term investment objectives.
The Rise of Green Marketing: Driving Sustainable Change
Green marketing refers to the practice of promoting products or services that are environmentally friendly or sustainable. It involves incorporating eco-friendly elements into various aspects of marketing strategies, including product development, packaging, advertising, and distribution.
Fraud Risk Management In Banking
Fraud risk management is a fundamental aspect of overall Risk Management within the banking sector. In India, banks adhere strictly to guidelines set forth by the Reserve Bank of India (RBI) to prevent, detect, and promptly report fraudulent activities.
