Press Release
Artificial Intelligence & Machine Learning Creating Multi-billion Dollar Opportunity With Infusion of Blockchain Technology HostReview.com
It has become increasingly apparent that there is a tremendous opportunity when it comes to infusing artificial intelligence (AI) and blockchain platforms. AI, otherwise known as machine learning in some circle, as the ability to take blockchain operations and effectiveness to the next level. Alternatively, blockchain technology can also work in the opposite direction, allowing cutting-edge tech leaders to understand AI in greater depths and essentially create more efficient and smarter intelligence platforms. By decentralizing the market, blockchain and AI will work together to make transactions more secure, while simultaneously generating large amounts of new revenues. Already multi-billion dollar industries on their own, blockchain and AI are poised to benefit on a high scale financially as the two become more intertwined.
Twitter could make vast changes to deal with complaints about site, says CEO Jack Dorsey
Twitter is considering wide-ranging changes as it continues to be attacked for promoting conspiracy theorists and far-right activists on its platform, its boss has said. The company is looking into altering the way the service works so that it can limit the way that false stories, misinformation and hate speech are spreading across the site, CEO Jack Dorsey said. But some of its options appear to be controversial already. They include attempting to undermine the idea of filter bubbles by forcing people to see the opinions of people they disagree with – which could include many of the site's discredited and extremist voices. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph.
Everything You Want to Know About Artificial Intelligence and Cognitive Computing Market
And a pinnacle of success in the context of technological advancements is the field of artificial intelligence, also called AI. In current times, AI is utilized immensely in a variety of sectors such as health, e-commerce, retail, automotive, defense and security, chemical plants, packaging, construction, and BFSI. This indicates that AI has found immense potential in myriad applications, thus giving rise to the global artificial intelligence and cognitive computing market. Rising disposable incomes and changing lifestyles have primarily caused an increase in the demand for enhanced systems to exist in various walks of life. Such a high demand is propelling the market to experience extensive growth too. A phenomenal progress in the development of computers as well as internet facilities has primarily been responsible for improving different functions of systems, wherein a computer is highly needed.
Samsung To Invest $22 Billion In AI And Other Technologies
Samsung has announced that it plans to invest $22 billion in artificial intelligence and other technologies like 5G over the next three years. As part of the investment, the South Korean tech giant said it will increase the number of researchers it has across its global AI centers in the UK, Canada, Russia, US and South Korea to 1,000. In addition to AI and 5G, the $22 billion will also go towards developing electronic components for future cars and bio-pharmaceuticals. "Samsung expects innovations powered by AI technology will drive the industry's transformation, while the next-generation 5G telecommunications technology will create new opportunities in autonomous driving, the Internet of Things (IoT) and robotics," the company wrote in a press release. The money will come from a larger $161 billion investment plan that includes capital expenditure and research and development. The majority of the money will be spent in South Korea, Samsung said.
Introducing the PredictX Digital Assistant for Travel Teams
SAN DIEGO--(BUSINESS WIRE)--AI Analytics company PredictX releases their brand new PredictX Digital Assistant to market at GBTA 2018. Managers can now ask the PredictX Travel voice app questions regarding their travel program - eliminating the need to navigate specialized travel data dashboards. Sophisticated travel apps have made it more convenient for travelers to book outside travel policy than ever before. Travelers book on-the-go leaving Travel managers at a distinct disadvantage when they have to spend time combing through reports and dashboards to find one policy violation or duty of care issue long after it has taken place. Travel Managers can use the voice command "Open PredictX" to access the PredictX Digital Assistant.
AI platform, Ignio, Delivers Significant Growth
Digitate announced that it has achieved significant annual growth in both customer acquisition and revenue. The growth is due to increase in adoption of its award-winning cognitive automation product, ignio, helping enterprises dealing with IT to rapidly identify and remediate outages in minutes. According to the Economic Times of India post, the ignio, AI platform delivered $31M to TCS. According to the press release, CEO, and MD, Tata Consultancy Services, Rajesh Gopinathan, said, "Rapid breakthroughs in digital technologies – such as artificial intelligence, machine learning and automation – are reshaping businesses and fostering creative disruptions. The revenue and customer growth for ignio has been over 100% y-o-y. The success and growth of ignio reaffirms TCS' Business 4.0 strategy, helping customers leverage technology to innovate and gain a competitive advantage," Digitate is a venture of Tata Consultancy Services (TCS).
Ericsson is increasing 5G and AI investments to speed U.S. rollouts
Fresh off winning a major 5G hardware supply contract with Verizon, Ericsson announced today that it is increasing its investments in the United States to speed deployments of 5G, AI, and automation technologies in North America. Under the plan, Ericsson says that it will hire more U.S. personnel for its R&D and manufacturing initiatives, as well as shortening timelines between new products' introduction and delivery to customers. "The United States is our largest market," explained Ericsson CEO Börje Ekholm, "accounting for a quarter of Ericsson's business over the last seven years. To serve the demand of these fast-moving service providers, we are strengthening our investment in the U.S. to be even closer to our customers and meet their accelerated 5G deployment plans." On the R&D side, Ericsson says it will expand the work of a recently opened 5G chip design center in Austin, Texas, as well as opening a new baseband software development center this year, collectively supporting nearly 300 employees.
Emotion Recognition and Sentiment Analysis Market to Reach $3.8 Billion by 2025
Significant advances have been made during the past few years in the ability of artificial intelligence (AI) systems to recognize and analyze human emotion and sentiment, owing in large part to accelerated access to data (primarily social media feeds and digital video), cheaper compute power, and evolving deep learning capabilities combined with natural language processing (NLP) and computer vision. According to a new report from Tractica, these trends are beginning to drive growth in the market for sentiment and emotion analysis software. Tractica forecasts that worldwide revenue from sentiment and emotion analysis software will increase from $123 million in 2017 to $3.8 billion by 2025. The market intelligence firm anticipates that this growth will be driven by several key industries including retail, advertising, business services, healthcare, and gaming. According to Tractica's analysis, the top use case categories for sentiment and emotion analysis will be as follows: "A better understanding of human emotion will help AI technology create more empathetic customer and healthcare experiences, drive our cars, enhance teaching methods, and figure out ways to build better products that meet our needs," says principal analyst Mark Beccue.
Press Release: I Know First Selected to Participate in Fintech Showroom in Tokyo, Japan
I Know First was selected from over 200 companies to be part of the fintech showroom in Tokyo, Japan on May 23rd, 2018. The showroom event, as well as a housewarming party, were hosted by JIAM (Japan International Asset Management Consortium, where I Know First presented their Algorithmic AI solutions using machine-learning algorithms. As part of the showroom event, I Know First gave a short pitch under 5 minutes followed by a deeper dive and demo if visiting client were interested. JIAM are a not-for-profit organization, which assists international asset management firms, asset management technology firms and talented financial professionals in tapping into the Japanese market. Through collaboration with Japanese government agencies (primarily the Tokyo Metropolitan Government) and industry associations, JIAM's goal is to bolster the Japanese asset management industry and support firms and individuals associated with it.
Artificial Intelligence Market Size is Projected to be Around US$ 191 Billion By 2024
The Artificial Intelligence Market is segmented on the Basis of Technology Type, End-User Type and Regional Analysis. By Technology Type this market is segmented on the basis of Machine learning, Natural language processing, Image processing and Speech recognition. By End-User Type this market is segmented on the basis of Media & advertising, BFSI, IT & telecom, Retail, Healthcare, Automotive & transportation and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia Pacific, Latin America, Middle East and Africa.