Moore’s Law is being revolutionized by artificial intelligence (AI).
This is not the doubling of technology every two years, as advocated by Gordon Moore, one of the godfathers of the semiconductor industry, in 1965, but a level of advances in next-generation computing power that was previously unthinkable. This means that it is rapidly accelerating to We have entered the era of generative AI.
“The situation is doubling every few weeks, every two months,” said Patrick Murphy, founder and CEO of the construction technology company. Togar.AItold PYMNTS in a conversation Recent progress In commercial applications of generative AI.
Moore’s Law has been completely “blown,” he added.
“In just four years [since founding Togal.AI] It’s incredible to see the advancements in AI and how the models and algorithms we used back then have improved today,” said Murphy.
He notes that advances in accessing data, especially how it is stored and labeled, continue to evolve rapidly, helping to form a key backdrop to the exponential growth curve of the AI ecosystem. I am emphasizing that
Tech ecosystems are transforming the way traditional businesses like construction operate.
read more: Generative AI Tools Center of New Regulation-Innovation Tug of War
Simple implementation of increasingly powerful technology
From the 1970s to today, most industries 290% increase in productivity.
Except for most industries, namely construction, Murphy said. Productivity in the construction industry remains unchanged, he has increased by 0% over the last half century at least.
“There is so much information in construction: the actual plans, blueprints, specifications, various contracts between owners, suppliers and third parties. Legal documents, schedules, budgets, and various other architectural plans, not to mention the list goes on and on,” says Murphy, noting that field teams are constantly searching through documents and saved PDFs to find the appropriate design needed at that particular moment. I said I was looking for information.
The reality of today’s construction industry is one of “constant friction” with relevant information surfacing, he said.
As such, he sees great potential in using generative AI to “reduce friction with all documents” and “consolidate thousands of pages” of every project. Build.
“[The construction industry] As far as implementing this kind of technology, the upper bound for growth is very high,” Murphy said.
Related item: How truly responsive and intelligent AI will change your business
Remove historical redundancies to make way for growth
In the construction industry, for the most part, it’s like a first-time job, Murphy said.
“All the information you learn from scheduling, pricing, budgeting, warranty issues, etc. is forgotten unless you personally memorize it and apply it to your next job. No data is saved and reused.” ‘ he said.
Here is a big breakthrough in leveraging generative AI solutions.
“We spent the last three years labeling hundreds of thousands of plans and literally millions of objects into blueprints in a very consistent and very precise way so that algorithms can read and understand them. It’s been a very time-consuming process, Murphy says, but ultimately it’s been crucial to putting his AI platform in a unique position.
have recently announced Murphy said the integration with ChatGPT will allow Togal.AI users to ask, “What are the specs for this building’s exterior equipment?” Thing. ”
It might sound simple, but he adds that “ridiculous errors” tend to plague the construction industry on a daily basis. They aren’t intentional, but things get overlooked in every job. “Generative AI can solve he 75% of construction profits,” Murphy said, citing a decline in the near future.
“and [AI] Ultimately, you can learn from all the data out there and apply it to your future work in an efficient and affordable way. ”
What is the Togal.AI CEO most looking forward to?
We will continue to leverage today’s incredible processing and technological capabilities to “provide more people with a better built environment.” It will help.”
