Dr. Michael Müller, founder and CEO of Magility GmbH and co-founder of XaiTeck GmbH, gave a lecture a lecture entitled “AI – Opportunities and Risks of Artificial Intelligence” in April 2024 as part of as part of an information event organized by the CDU, initiated by the district councilor of Kirchheim unter Teck, Dr. Natalie Pfau-Weller. He shared the stage with Dr. Julian Feinauer, founder and CEO of pragmatic industries GmbH from Kirchheim unter Teck.

Artificial Intelligence – Opportunity or Challenge?

The event “Artificial Intelligence – Opportunity or Challenge?” was organized by Dr. Natalie Pfau-Weller, a member of the CDU faction in the Baden-Württemberg state parliament, and took place at the competence center of Heinrich Feeß GmbH & Co. KG in Kirchheim unter Teck. Dr. Pfau-Weller opened the event and emphasized that the topic of artificial intelligence is rapidly gaining significance across society and political spectrums both in society as a whole and politically.

Dr. Natalie Pfau-Weller introduces the topic

Artificial intelligence, a fascinating field of computer science, deals with how machines can develop human-like intelligence and perform tasks that normally require human intelligence. While we celebrate the potentials and benefits of this technology, we must also confront the challenges and risks inherent in artificial intelligence. The need for regulation is paramount – because AI is both an opportunity and a risk. Take for example that fact that Ai will change election campaigns with images and videos being altered, which can endanger. Ms. Pfau-Weller referred to the recent example of the deep fake image of Pope Francis in a fur coat that circulated in the media.

Examples and Initiatives – What is Politics Doing to Promote Progress?

In response to a question from the audience about what politics is doing to promote AI-related issues, Dr. Pfau-Weller mentioned the Cyber Valley near Tübingen. This project, which has been funded since 2016, is an exciting example of AI adaptation. The Cyber Valley serves as a research center for AI and has already made significant progress.

She also mentioned that even at the local level, the executive branch is beginning to explore the potentials of AI, whether it’s improving infrastructure or protecting against natural disasters. She also noted that the topic of AI was recently discussed in a municipal council meeting. These developments illustrate how AI is already present in various aspects of our lives today and how important it is to grapple with its implications.

However, since this event focused on the economic aspects of artificial intelligence, she handed over the floor to Dr. Michael Müller for the first lecture of the evening.

Magility Group – Partner for innovative Companies

Dr. Michael Müller also began with a welcome and introduced the Magility Group, a group to which XaiTeck GmbH also belongs since last year, delivering service offerings related to strategies and concepts for the use of artificial intelligence for companies. AI-supported data analysis is also part of the portfolio.

Magility Group

Artificial Intelligence – A delineation of key terms

Artificial Intelligence (AI) is a field of computer science that focuses on developing expert systems or even mimicking human intelligence. An important subfield of AI is machine learning, which enables machines to learn from existing data to make decisions or predictions. A specific method of machine learning is deep learning, which uses layers of neural networks to process data and make decisions. Another area is generative AI, which includes ChatGPT. This allows for the creation, improvement, and interaction with texts, images, and videos using large trained models, based on instructions.

Technological Innovations are Evolving Rapidly

Dr. Michael Müller vividly illustrated how rapidly technologies have developed in the past and how this speed will accelerate even more with the increasing number of technical innovations.

These technologies changed our lives in the past 10 years.

Today, an average smartphone contains more than a hundred times the computing power of a data center that cost around 50 million marks decades ago.

These technologies will change our lives in the next 10 years.

Already today, a person’s brain can be connected to intelligent technical systems; for example, Dr. Müller mentions exoskeletons and Brain Machine Interfaces (BMIs), which already play a significant role today, for example in the health sector, and can be implanted into the brain to reduce, for example, epileptic seizures. We already described in our Magility Blog in 2017 that artificial intelligence will play a significant role in the automotive and mobility industry. Since 2017, a lot has already happened, especially in the further development of autonomous driving, where AI applications are indispensable today.

The Future with AI – What Lies Ahead?

These technologies will change our lives in the next 20 years.

Future developments could involve bioprinting and energy storage, such as through nuclear fusion. Bioprinting could make human spare parts possible from the printer. The colonization of space stations beyond the moon will also become possible through nuclear fusion. All these things are no longer the contents of science fiction series or dystopias. Eventually, the associated terms and the new technologies made possible by artificial intelligence will be as commonplace as using a smartphone.

Dr. Michael Müller pointed out that AI is a common interface of driver technologies that will grow by a factor of 10. He emphasized that no government organization will be able to ignore the topics evident in the above graphics.

Five Converging Technology Platforms – Artificial Intelligence is the Reinforcing Converging Technology

Currently, XaiTeck has identified five converging innovation platforms:

  • Artificial Intelligence
  • Energy storage
  • Robotics
  • Public blockchains
  • Multicom sequencing (operation of biological systems)

These are the emerging so-called “General Purpose Technologies,” which XaiTeck and it’s partners in the Magility Group believe will fundamentally transform and exponentially accelerate economic growth.

Potentials and Goals through Rapid Development of AI Technologies

The expedited growth of AI technologies Explainable Artificial Intelligence (XAI) allows us to better understand and comprehend the decision-making of AI systems. These advances pave the way for numerous opportunities and their integration across diverse domains such asin economy, healthcare, and education. By harnessing progressively powerful computing resources, we can continuously push the limits of what AI can achieve.

Computer-assisted AI systems and software, capable of evolving with data, can tackle challenges that were previously deemed unsolvable, can automate and streamline tasks and can accelerate the integration of new technologies into every sector of the economy. The introduction of neural networks is likely to be more significant than the introduction of the internet and is likely to create trillions of euros in value.

On a large scale, these systems will require unprecedented computing resources, and AI-specific computing hardware should dominate the next generation of data centers where AI models are trained and operated.

The potential for end-users is clear:

  • There will be a variety of AI-driven smart devices that penetrate people’s lives and change the areas of work, play, and leisure.
  • The introduction of artificial intelligence will transform every sector of the economy, influence every company, and boost every innovation platform.

Application Areas of Artificial Intelligence

In the second part of our follow-up report next week on our Maglity Blog, we will show what the application areas of artificial intelligence can look like, how companies can position themselves successfully in the age of artificial intelligence to ensure the effectiveness and efficiency of their own businesses, how companies can adapt their business models, and what role process mining plays.

Opportunities and Risks of Artificial Intelligence for Companies

In the third part of our follow-up report, we will outline the opportunities and risks of artificial intelligence for companies, address ethical issues and their societal impacts, present a case study on the use of AI (using an innovative election campaign concept for Dr. Pfau-Weller for the next state election in Baden-Württemberg), and clarify what dreamgirl have to do with AI. We will also report on Dr. Julian Feinauer’s lecture, which delves into the connection between coffee cups and AI and energy consumption, and how driving an electric vehicle relates to this.

Stay tuned for further details, and if you have any questions, feel free to contact us here.