At the annual Hot Chips conference, IBM (NYSE: IBM) today unveiled details of the upcoming new IBM Telum Processor, designed to bring deep learning inference to enterprise workloads to help address fraud in real-time. Telum is IBM's first processor that contains on-chip acceleration for AI inferencing while a transaction is taking place. Three years in development, the breakthrough of this new on-chip hardware acceleration is designed to help customers achieve business insights at scale across banking, finance, trading, insurance applications and customer interactions. A Telum-based system is planned for the first half of 2022. According to recent Morning Consult research commissioned by IBM, 90% of respondents said that being able to build and run AI projects wherever their data resides is important1.

At the annual Hot Chips conference, IBM (NYSE: IBM) today unveiled details of the upcoming new IBM Telum Processor, designed to bring deep learning inference to enterprise workloads to help address fraud in real-time. Telum is IBM's first processor that contains on-chip acceleration for AI inferencing while a transaction is taking place. Three years in development, the breakthrough of this new on-chip hardware acceleration is designed to help customers achieve business insights at scale across banking, finance, trading, insurance applications and customer interactions. A Telum-based system is planned for the first half of 2022. According to recent Morning Consult research commissioned by IBM, 90% of respondents said that being able to build and run AI projects wherever their data resides is important1.

New York, NY, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled "Artificial Intelligence (AI) in Food and Beverages Market By Organization Size (Small, Medium & Large Enterprises), By Application (Food Sorting, Quality Control, and Safety Compliance, Consumer Engagement, Production and Packaging, Maintenance, and Other Applications), By End-Use Industry (Food Processing, Grocery, Hotels & Beverages Industry, and Others Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026". "According to the recent research report, the demand of global Artificial Intelligence (AI) in Food and Beverages Market size & share expected to reach to USD 29.45 Billion by 2026 from USD 3.07 Billion in 2020, at a compound annual growth rate (CAGR) of 45.70% during the forecast period 2021 to 2026" Artificial Intelligence (AI) is the process of developing intelligent robots that act and react similarly to humans. The objective is to teach machines how to think intelligently in the same way humans do. Until recently, the machines did exactly what they were programmed to do. AI, on the other hand, will allow machines to think and behave in the same way that people do. In the food processing industry, artificial intelligence is being utilized to improve a variety of products, streamline operations, and improve the customer experience.

The machine learning system is part of HOLO AITM, Surgalign's core technology in artificial intelligence and augmented reality. DEERFIELD, Ill., Aug. 19, 2021 – Surgalign Holdings, Inc., (NASDAQ: SRGA) a global medical technology company focused on elevating the standard of care by driving the evolution of digital surgery, today announced that the United States Patent and Trademark Office (USPTO) recently issued a patent covering a machine learning system for automated segmentation of a three-dimensional bony structure in a medical image. The granted patent expands and further strengthens the company's HOLO AI technology portfolio. "This patent is a foundational element of how we harness technology and data to power our digital surgery platform," said Terry Rich, Surgalign's president and chief executive officer. "While'artificial intelligence' and'machine learning' have become buzzwords that are often misused, misrepresented, and misunderstood, at Surgalign AI is a core competency and a key element of our efficient and highly valuable approach to improving patient's lives."

STEMpedia is going to launch a revolutionary AI learning kit that will transform the conventional learning system as we know it. Known as Quarky, the kit allows kids aged seven to 14 years old to enjoy the thrill of emerging technologies by indulging in exciting hands-on learning. Quarky opens a world of possibilities for kids as they learn, innovate and grow. Being much more than just an educational kit, it allows them to explore real-world application-based concepts of AI, robotics, and programming. Kids can learn and unleash their curiosity by building DIY robots based on machine learning, speech recognition, face recognition, and much more, thereby making their own Alexa, self-driving cars, face-unlocks, and whatnot!

Around 70% of 96 strategic goals under Vision 2030 are related to data and AI. - The growing investment toward smart cities in Saudi Arabia results in massively increasing adoption of AI solutions along with 5G and software, such as predictive analytics. In 2021, Saudi Arabian Crown Prince Mohammed bin Salman announced plans to build The Line, a 105-mile-long belt of hyper-connected communities in the kingdom's northeast that will feature no cars, no streets, and carbon emissions but will have smart infrastructure costing up to USD 200 billion.

After recently forging a relationship with an independent dealership group, Scienaptic bolstered its client roster of independent finance companies on Monday. The credit decision platform provider fueled by artificial intelligence now is working with Right Direction Financial Services, which looks to provide financing for individuals seeking to rebuild or establish their credit through high-quality, certified pre-owned vehicles. Scienaptic highlighted via a news release that deployment of its AI-powered platform will allow Right Direction Financial Service to enhance its underwriting capabilities to reach and support more potential customers, while mitigating risk. Right Direction Financial Services was founded in 2011. The company said it is committed to ensuring its customers have affordable payments that align with their payroll periods and reporting their payment history to the major credit reporting agencies.

Global technology company OPPO announced that the OPPO Research Institute has officially released its first 6G white paper - "6G AI-Cube Intelligent Networking". As one of the global and MENA region's telecommunications industry's first in-depth reports on how artificial intelligence (AI) can empower 6G network architecture, the white paper proposes a more detailed vision for the design of next-generation communication networks. OPPO has established a pre-research team to conduct preliminary research on 6G service and technology requirements, key technologies, and system features. The global smartphone leader believes that 6G will reshape the way people interact with AI, as it is utilised to serve the public through a myriad of applications. In June 2021, UAE telecoms provider Etisalat announced plans for 6G – stating that the network is expected to be even faster and support applications such as augmented and virtual reality, as well as AI infrastructure.

WIRE)--BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BRCHF), a leading provider of ultra-low power high performance artificial intelligence technology, today announced it has received the first batch of Akida chips from its manufacturing run from Socionext America (SNA). The chips were manufactured at Taiwan Semiconductor Manufacturing Company (TSMC) from a production mask set provided in May 2021. This mask set follows the successful production of engineering samples from the Company's Multi-Project Wafers (MPW), received in August of 2020, and the subsequent delivery of evaluation boards. SNA supported all assembly and test operations for the Akida devices, including a review of the TSMC Process Control Monitoring (PCM) data, assembly, device electrical testing, and simulation correlation. These Akida devices will support BrainChip's Early Access Program (EAP) customers, future customers with whom the Company has engaged using the BrainChip software development environment MetaTF and others which have existing Convolutional Neural Networks (CNNs) and seek performance improvements in terms of power consumption, design flexibility, and true learning at the edge.

Dublin, July 28, 2021 (GLOBE NEWSWIRE) -- The "Global Artificial Intelligence (AI) Chips Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the artificial intelligence (AI) chips market and it is poised to grow by $ 73.49 billion during 2021-2025, progressing at a CAGR of over 51% during the forecast period. The report on the artificial intelligence (AI) chips market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of AI chips in data centers, increased focus on developing AI chips for smartphones, and the development of AI chips in autonomous vehicles.