Quality data is the lifeblood of excellent Artificial Intelligence (AI) algorithms. Its importance cannot be understated in a world where AI is becoming more central to our everyday lives.
The Impact of Deficient and Low-Quality Data
AI's performance directly corresponds to the quality of data it's fed. Poor or insufficient data can lead to inaccurate, substandard AI outcomes. This means to achieve exceptional results, impeccable data must be the norm, not the exception.
The Potential Pitfalls of Bias in Data
Another key area of concern is bias or prejudice in data. Disinformation or even unlawful content can easily be replicated by AI, further reinforcing numerous prejudices and false concepts. The sources of data, therefore, need to be evaluated carefully.
Preferred Data Sources for AI Developers
So, what type of data do AI developers desire? Text from books, online articles, scientific papers, Wikipedia, and certain filtered web content is the preferred form. In short, high-quality content is the preferred dish on the AI developer's menu.
The Current State of Data in the AI Industry
The AI industry, as it stands today, relies on larger datasets for the development of high-performing models. This reliance on ever-increasing amounts of data could potentially lead to a crisis in the near future.
Running Out of High-Quality Text Data
Studies suggest that at the current rate of AI training, we could exhaust high-quality text data as early as 2026. Such an eventuality would slow AI development significantly, potentially affecting its contribution to the global economy.
Potential Solutions to the Data Shortage
Several potential resolutions are currently being explored to combat this impending data shortage. These include enhancing algorithms for efficient data usage, generating synthetic data, and sourcing data from offline repositories or content behind paywalls.
The Role of Content Deals with Large Publishers
One viable solution is negotiating content deals with major publishers. This could pave the way for paid access to training data, ensuring a consistent supply of quality data for AI development.
Legal Actions for Unauthorised Content Use
Another consideration is potential legal action against the unauthorized use of content for AI training. This move could bring about fair remuneration for content creators. Not only would this provide an additional source of income for creators, but it would also help balance power dynamics in the industry.