Artificial intelligence: Key to ​Kentucky Derby betting?

Gun Runner

© 2016 CBS Interactive Inc. In a recent 60 Minutes/Vanity Fair poll, more than half of Americans (53 percent) called society’s quest to advance the field of artificial intelligence “important.”

You probably didn’t consider basing your Kentucky Derby bets on artificial intelligence — but maybe you should have. Exaggerator

How does the system work? According to the company, the technology is built on a closed-loop system inspired by the insect swarm found in nature.

3. Twenty participants, convened by the company, first used the software to narrow the field of 20 horses down to four top picks. The idea is that “many minds are better than one,” therefore the act of pooling individual insights gives groups a better chance of reaching optimal decisions.. All Rights Reserved. Mohaymen

In a statement, Unanimous’ chief information officer David Baltaxe said the whole process took the company’s AI tool 20 minutes.

1. For comparison, none of the experts at Churchill Downs predicted the top four horses, let alone the top four horses in the correct order.

The artificial intelligence company Unanimous tested its new software platform, UNU, on last weekend’s Kentucky Derby, as reported by TechRepublic. Although several prominent industry leaders remain wary of artificial intelligence, and a recent high-profile experiment with it went awry, the technology could revolutionize everything from smartphones to automobiles.

“I placed my $1 bet on the race at the Derby on Saturday and made $542.10 — the odds of winning the superfecta [the top 4 finishers in order] were 540-1,” TechRepublic reporter Hope Reese wrote. Nyquist

2. The participants then used UNU to predict the winning order — and it turned out to be 100 percent correct.

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