Applications of AI and machine learning are exploding around the world as businesses and governments buy into the fast-developing technology to cut costs, improve security and better serve their customers and citizens. Research by Accenture, a leader in artificial intelligence research and development, sees economic growth rates of many developed countries doubling by 2035 due to AI, with labor productivity increasing as much as 40 percent. The survey identifies AI followers as marketing companies, which primarily use AI to gauge future customer purchases, improve media buying, monitor social media and tailor promotions. Maria Marinina on CustomerThink.com recommends trying Quill Engage to quickly produce useful reports based on Google Analytics data.
Key to the development of KanKan is the creation of a dynamic enriched data platform and the implementation of artificial intelligence and machine learning based data analysis capabilities which enable us to analyze and packages data to offer a series of data solutions and products. Late in 2016, Alibaba Cloud marketplace - to promote KanKan's deep-learning based image classification solution for its business customers in the cloud computing environment. The combined offering provides Alibaba Cloud enterprise customers with a comprehensive platform offering real-time risk insights, enterprise development analysis, investor, partner and customer targeting and customized data packages by leveraging publicly available business data in China on the macro level. They enable us to reveal deep insight in consumer behavior regarding specific products for brand and create customized digital marketing solutions to provide highly effective and cost efficient data model to our respective customer basis.
As chat and voice quickly become the interfaces of choice, MindMeld's AI technology will enable Cisco to deliver unique experiences throughout its portfolio, starting with collaboration. This acquisition will power new conversational interfaces for Cisco's collaboration products, revolutionizing how users will interact with our technology, increasing ease of use, and enabling new cognitive capabilities. Integrating MindMeld into the Cisco Spark platform will transform how users interact in Cisco Spark Spaces, Cisco Spark Meetings, and Cisco Spark Care." This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the acquisition powering new conversational interfaces for Cisco's collaboration suite of products, revolutionizing how our users will interact with our technology, increasing ease of use, and enabling new cognitive capabilities, the integration of MindMeld into the Cisco Spark platform transforming how users interact in Cisco Spark Spaces, Cisco Spark Meetings, and Cisco Spark Care, the expected completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding MindMeld personnel.
It's really no surprise to anyone that artificial intelligence and deep learning were two key highlights of the chip maker's analyst day. Several analysts boosted their price targets for NVIDIA Corporation (NVDA) stock this week following the company's strong beat and raise earnings results. JPMorgan analyst Harlan Sur boosted his price target for NVIDIA Corporation (NVDA) stock from $116 to $122. Needham analysts Rajvindra Gill and Robert Bertens raised their price target for NVIDIA Corporation (NVDA) stock from $120 to $130.
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Artificial Intelligence (AI) pioneer Nvidia has announced it will train 100,000 developers in "deep learning" to bolster health care research and improve treatment in diseases like cancer. In the past, cancer research institutes have looked into using Nvidia's latest advances in AI and deep learning to help pathologists with their overwhelming tasks. This is why Nvidia has revealed that it will train 100,000 developers this year through something it's calling the Deep Learning Institute (DLI); to provides developers, data scientists and researchers with practical training on the use of the latest AI tools and technology. The news comes after Nvidia released its first quarter earnings published on Tuesday, reporting quarterly revenue of $1.94 billion, up 48% year over year, and earning 79 cents per share, up 126% a year ago.
For the first quarter, Nvidia recorded quarterly earnings of $1.94 billion, a huge 48 percent jump compared to the same period last year and also slightly higher than Wall Street's revenue expectations of $1.91 billion. While Nvidia has been dominant in the desktop graphics market for quite some time, it is now branching out to other revenue sources to counter either possible slowdowns in the graphics market or increased competition from AMD and Intel. These new revenue sources are the data center and automotive industries. It is also expecting further gains from its data center and automotive business as more businesses get involved in deep learning and artificial intelligence.
The Watson win was a major win for IBM IBM, -0.31% at the time, underscoring its transition to a new-age technology company with artificially-intelligent computers. On Friday, shares of IBM fell 3% to $154.45 after billionaire investor Warren Buffett announced that his company Berkshire Hathaway Inc. BRK.A, -1.07% It has unloaded 30 million shares so far in 2017, from the 81 million shares it held at the end of 2016. Buffett bought more than $10 billion in IBM shares the year Watson won "Jeopardy," and increased his stake a few more times in the years proceeding. IBM reported profit and revenue declines, even as its newer software-as-a-service business saw revenue gains of 60%.
The Watson win was a major win for IBM IBM, -2.51% at the time, underscoring its transition to a new-age technology company with artificially-intelligent computers. On Friday, shares of IBM fell 3% to $154.45 after billionaire investor Warren Buffett announced that his company Berkshire Hathaway Inc. BRK.A, 0.18% sold about a third of its stake in IBM. Buffett bought more than $10 billion in IBM shares the year Watson won "Jeopardy," and increased his stake a few more times in the years proceeding. IBM reported profit and revenue declines, even as its newer software-as-a-service business saw revenue gains of 60%.