AI industry is experiencing a boom. According to the research firm Progressive Markets, the global artificial intelligence market is estimated to grow at a CAGR of 46.5% from 2017 to 2025. Following are some of the recent activities and their impact on the industries. An automotive-grade speech recognition for a Chinese manufacturer Geely has been offered by Nuance Communications, Inc. Geely has entered a joint venture deal with a Malaysia automaker PROTON for development of vehicles for the Southeast Asia market. This is the first time on which an AI-powered speech solution has been offered for Southeast Asia.

Suppose you go shopping for mangoes one day. The vendor has laid out a cart full of mangoes. You can handpick the mangoes, the vendor will weigh them, and you pay according to a fixed Rs per Kg rate (typical story in India). Obviously, you want to pick the sweetest, most ripe mangoes for yourself (since you are paying by weight and not by quality). How do you choose the mangoes?

At the meeting, HuiyiHuiying and Intel jointly launched the "Artificial Intelligence Breast Cancer Full Cycle Health Management System" to help screening and diagnosis through artificial intelligence technology. Saying Huo, Wei Sun, Xuejuan Luo and Jiaqi Li were present as representatives of this year's charity star and were awarded the "Pink Ambassador" award. According to the statistics, breast cancer is the second leading cause of death in women and in fact, one in eight women will be diagnosed with breast cancer. The incidence rate has ranked first among female malignant tumors and has become the first killer threatening women's health. "Early screening, Early detection, Early treatment" is essential for women to prevent breast cancer.

China will make more investments and accelerate reforms of agencies and systems to boost its $3.8 trillion digital economy. The digital economy included the internet of things, big data, clouding computing and AI. The National Development and Reform Commission has a new agreement with the China Development Bank to offer 100 billion yuan ($14.55 billion) in financial support for the digital push. China's digital economy rose 18 percent to 26 trillion yuan ($3.8 trillion) last year, equal to a third of the country's gross domestic product (GDP), according to the China Academy of Information and Communications Technology. Traditional sectors will be digitalized.

At this week's United Nations General Assembly, the World Bank, the United Nations, and the Red Cross teamed up with tech giants Amazon, Microsoft, and Google to announce an unlikely new tool to stop famine before it starts: artificial intelligence. The Famine Action Mechanism (FAM), as they're calling it, is the first global tool dedicated to preventing future famines -- no small news in a world where one in nine people don't have enough food. Building off of previous famine-prediction strategies, the tool will combine satellite data of things like rainfall and crop health with social media and news reports of more human factors, like violence or changing food prices. It will also establish a fund that will be automatically dispersed to a food crisis as soon as it meets certain criteria, speeding up the often-lengthy process for funding famine relief. For a famine to be declared in a country or region, three criteria have to be met: At least one in five households has an extreme lack of food; over 30 percent of children under five have acute malnutrition; and two out of 10,000 people die each day.

This article was written by Harry Chiang, a Financial Analyst at I Know First. "The big paradox here is that people think technology will lead to banking becoming more and more automated and less and less personalized, but what we've seen coming through here is the view that technology will actually help banking become a lot more personalized." Over the past few years, news articles have casually floated the term'Artificial Intelligence' around at an increasing rate. It's one of those buzzwords that somehow finds its way in to every tech-related conversation. Even the least tech-savvy person has a vague notion of what it is. The problem is, some of the more tech-savvy person don't have a much clearer notion of what it is either. The definition of AI ranges and has vague boundaries.

As China becomes more active in artificial intelligence, the U.S. should double the amount it spends on research in the field, says investor and AI practitioner Kai-Fu Lee, who has worked for Google, Microsoft and Apple. The comments come after various parts of the U.S. government have made AI announcements, even as the U.S. overall lacks a formal AI strategy. Meanwhile, China introduced its plan last year: it's aiming to be No. 1 in AI innovation by 2030. "Double the AI research budget would be a good start, given that all other countries are so much farther behind U.S., and we're looking for the next breakthrough in AI," said Lee. Doubling funding could double the chances that the next big AI achievement will be made in the U.S., Lee told CNBC in an interview this week. Lee,, whose book "AI Superpowers: China, Silicon Valley and the New World Order" was published this month by Houghton Mifflin Harcourt, is CEO of Sinovation Ventures, which has invested in one of the most prominent AI companies in China, Face .

Necessity is the mother of invention and performance improvement of any system in the way of maximising gains is the goal of a business. Artificial Intelligence (AI) is the most significant general purpose technology of the current Era. With techniques like machine learning (ML), it is possible to build a systems that can capable to improve their own performance by learning from data over time. Recent advancements in hardware, platforms and applications as well as newer algorithms around the world have accelerated the commercialisation of AI. In India, the scope of AI applications is huge and growing.

Salesforce, the Customer Success Platform and CRM company, today unveiled findings from a new research titled, Artificial Intelligence in Asia: Trust, Understanding and the Opportunity to Re-Skill. Commissioned across seven Asian markets including Singapore, India, Hong Kong, Malaysia, Thailand, Philippines and Indonesia, the study explores consumer trust and understanding of Artificial Intelligence (AI) and the opportunities for business and government to grow knowledge, re-skill and prepare consumers for the future. Amongst the markets surveyed, the results reveal that Indian consumers are well aware of AI (78%) and India emerged as the second market (with Indonesia at 68%) with the highest positive outlook towards AI (65%). The majority also believes that AI has the ability to help make society smarter (60%) in the future. Most Indians surveyed (64%) also feel AI will transform the employee space, by providing freedom to work, creating interesting jobs, and many see AI as a way to make society smarter (60%) and life more convenient (58%).

New Delhi: In recent months, the government has taken several steps to raise the bar on good governance in the corporate sector. Minister of state for corporate affairs P.P. Chaudhary, 65, an expert on constitutional matters, said in an interview that the government was working on a host of measures that will improve transparency in companies' affairs and improve ease of doing business in the country. For long, the corporate structure has been abused by some for tax evasion and money laundering. Do you think the steps taken so far effectively address this problem? We are gradually tightening the procedures.