Artificial intelligence took a $20 bet and turned it into $11,000 at the Kentucky Derby.
An artificial intelligence platform has successfully predicted the winner of the Kentucky Derby, winning its inventore $10,842 from a $20 bet.
The AI platform had already correctly predicted the winners of the Oscars and the Super Bowl, and now UNU, the name of the human-based AI platform, predicted not only the winner, but also the second, third, and fourth place finishers in the Derby, at incredible odds of 540 to 1, according to a Newsweek report.
UNU uses something called swarm intelligence, so it doesn’t use its own intelligence, but rather the combined intelligence of mankind. A group of people login into an UNU online forum and answer a question posed to them using a set of possible answers. They drag a graphical magnet to the answer they think is correct. The group has 60 seconds to collectively agree on a decision.
“Of course, knowing that UNU made remarkably accurate predictions on the Super Bowl, the Oscars, the Stanley Cup, the NCAA bowl games and more, we were a little more confident in UNU’s picks,” the UNU team said in a statement. “So, the team here at Unanimous put down $20 on the Superfecta….and turned it into nearly $11,000! Yes, we are kicking ourselves that we didn’t go bigger, but we mostly we just wanted a record of the bet for posterity.”