Pune, India -- (SBWIRE) -- 06/15/2018 -- In the solutions segment, the software tools solution is expected to have the largest market share, whereas platforms solution is expected to be the highest contributor during the forecast period. Software tools help in deploying AI enabled solutions in the finance sector to extract a large amount of data, as well as accurate and complete data on time. Financial companies were early adopters of a relational database and mainframe computers, moreover, the industry is one of the early integrators of artificial integration in their daily operation to enhance the customer experience and handle growing big data. The inclusion of artificial intelligence improves results through implementation of sophisticated algorithms and understanding consumer behavior. The ever-increasing number customers in the financial industry are giving tough times to accommodate and attend every service request humanely whereas Chabot, an automated chat box helps in monitoring and replying near a specific resolution to consumers is expected to have a positive impact on the market growth over the forecast period.

The IT industry is experiencing an important transformation as companies invest in new technologies to drive growth and innovation. This trend is strongly reflected in our industry as E&P companies deal with enormous amounts of legacy, and increasing volumes of new data along with the expense and complexity of software to analyze and interpret this information. Challenges faced include operational efficiency, increasingly short project cycle times, communicating with a regional or global workforce, data silos, legacy software and restricted resources. Due to the industry's dynamics and its need for flexibility and information security, the cloud is increasingly seen as a viable and practical solution for the oil & gas industry, particularly now that Cloud service providers are building security into their software development processes. Security of data in the Cloud is often better today than in company's own networks.

What comes to mind when you think of AI in Finance? AI has already undoubtedly made huge contributions to the efficiency and accuracy of many financial practices, but there are also lots of new ways that AI is being implemented to alter traditional methods within retail and commercial banking, insurance and many more industries within the financial landscape. On 6 - 7 September, RE•WORK are hosting the AI in Finance Summit where we will be showcasing the latest breakthrough technologies and their application in the financial sector. Research institutions, large corporations as well as emerging startups will be discussing new AI systems and innovative ways AI can assist financial services. We're taking a look at the latest news and updates in the world of AI in Finance to give you a taster of what we will be covering at the summit: 'Sony Bank is set to start using an AI application which was originally developed by the bank itself, to automate preliminary screenings for mortgage loans from May 10, 2018.

At the conference, Inspur showcased the ODCC standard rack scale server, high-end mission critical 8-way server TS860, OpenPower9 systems, storage optimized server 4U106 Bay servers, and other systems designed for cloud. The full-stack AI solution includes the highest density GPU server -- AGX-2 -- with NVIDIA NVLink enabled, management software AIstation, care-MPI framework and the capability for application optimization. As the world's first NVLink enabled supercomputer with 8 NVIDIA V100 within 2U form factor, the AGX-2 improves the computing efficiency to develop high performance to propel AI, deep learning and advanced analytics development. With over 60% market share, Inspur's rack scale servers are widely used by CSPs such as Alibaba, Baidu, Tencent and 12306 (railway ticket online booking platform). It has set and maintains the record of deploying 10,000 nodes per day.

Even as AI assistants delve deeper into consumer hardware, companies still seem a bit reticent to bring them deep into their office software workflows. Jane.ai is aiming to bring natural language processing and intelligence into an employee-facing solution that lets people query a digital assistant to give them information about documents, meetings and general company knowledge. The St. Louis startup announced today that it is raising an $8.4 million Series A from private investors to power this vision. Jane lives inside apps like Slack and Skype for Business (in addition to its own web app) where users are already chatting with co-workers and may need to surface information quickly that they don't have ready access to. With Jane, employees can just message the assistant directly and the system will comb through information and apps that were uploaded and connected to the system in order to find answers.

Influential announced today that it has raised $12 million in Series B funding. The funding came from existing investors Capital Zed, ECA Ventures, Paradigm Talent Agency, ROAR and Tech Coast Angels, as well as from Hollywood agency WME . Just a couple weeks ago, Influential said it was working with (and had raised money from) WME. The agency is the first to try out a new Influential product called Talent Pro, which gives agents access to social data around a broader pool of talent. Influential founder and CEO Ryan Detert said the product will allow WME -- and, in the future, other agencies -- to sweeten endorsement and promotional deals with more data and to "take an A-list celebrity… and now surround that person with 10 lookalike influencers who are not celebrities themselves." One of Influential's big selling points is its use of artificial intelligence (it's a developer partner with IBM Watson) to help brands and marketers find influencers who would be a good fit for their campaigns.

Sorcero, a Washington DC-based AI learning solutions startup, has announced that its co-founder, Dr. Ken Haase has been invited to give the keynote address at the Automation & AI for Good forum on June 12 in San Francisco. Sorcero was one of ten early-stage AI companies selected to participate in the forum. The forum, sponsored by Village Capital and Autodesk Foundation, is showcasing the leading startups using AI, automation, or robotics to benefit society and create new jobs in emerging industries. "Usually, when we hear about automation and artificial intelligence (AI) in the workforce, it's in negative terms: robots coming for our jobs, millions of displaced workers, and so on," said Ken Haase, Ph.D., Sorcero co-founder and Chief AI Officer. "At Sorcero, we approach AI very differently," said Dr. Haase."Our goal is not to replace people but to empower them for new and emerging opportunities."

The Tender Offer referenced in this press release has not yet commenced. This communication is for information purposes only and is not an offer nor a solicitation of an offer to purchase, sell or exchange securities or a solicitation of a proxy from any stockholder. Subject to future developments, additional documents regarding the proposed transaction, such as a Schedule TO and a registration statement on Form S-4, may be filed with the SEC, which investors should read carefully if and when they become available because they contain important information. Investors may obtain a free copy of the documents filed by Recall Studios, when they are available, from the SEC's website at www.sec.gov. Recall Studios, its directors and certain of its executive officers may be deemed to be participants in a solicitation of proxies for the proposed transaction.

DirectView Holdings, Inc (DIRV) provides video surveillance solutions and teleconferencing products and services to businesses and organizations announced today that they are incorporating artificial intelligence into their video surveillance systems. This announcement comes a little over a week after they participated in the LD Micro Invitational. The show was just the start of 5 shareholder events that investors can anticipate in this summer. The remaining 4 events could include additional catalysts that such as more contracts/deals, positive quarterly financials, a website re-launch, and the up listing to the OTCQB. DirectView was one of 230 companies in the small-cap / micro-cap space which were allotted a 30-minute business presentation.

It is undeniable that Artificial Intelligence (AI) and blockchain are two of the major technologies that are driving the pace of innovation and introducing radical shifts in rapidly growing list of industries. As Artificial Intelligence advances, the need for enhanced security is becoming apparent and therefore Blockchain is becoming more common in the market. Leaders in tech are more and more infusing the two cutting edge technologies to create innovative products and increase efficiencies. One of the factors driving this trend is the nature of the two technologies as they work well together hand in hand. It's projected that Blockchain and AI will eventually become inseparable as intelligent platforms evolve and become more mainstream.