New research from Accenture (NYSE:ACN) reveals that artificial intelligence (AI) could accelerate China's economic growth rate from 6.3 percent to 7.9 percent by 2035, by transforming the nature of work and opening new sources of value and growth. This Smart News Release features multimedia. AI is poised to boost China's GVA by USD $7,111 billion by 2035 (Graphic: Business Wire) The report, titled "How Artificial Intelligence Can Drive China's Growth," explores new insights into AI and its impact on China's economy. Based on analysis and modeling by Accenture Research, in collaboration with Frontier Economics, there is dramatic impact on China's growth when AI is added as a completely new factor of production to the economic growth model. "China has already made great leaps in the development of AI and our research shows that it has the potential to be a powerful remedy for slowing growth," said Chuan Neo Chong, Accenture Greater China Chairwoman.

CB Insights unveiled the AI 100--a list of 100 of the most promising private companies applying artificial intelligence algorithms across industries, from healthcare to auto to fintech--at the Innovation Summit today. The companies were selected from a pool of nearly 500 applicants and nominees based on several criteria, including data submitted by the companies, responses to interview questions, technology focus, investor profile, team profile, mosaic scores, and funding history. "From financial services to healthcare to transport, incumbent companies in every industry are seeing that AI will reshape their industries. And as so often happens, transformational innovation comes from emerging companies. In the case of AI, a lot of the groundbreaking work is being done by the AI 100. The companies in the AI 100 are accelerating research, improving efficiency, and making many game-changing advancements that will be felt for decades to come," CB Insights CEO Anand Sanwal said in a press release.

SYS-CON Events announced today that IBM has been named "Diamond Sponsor" of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California. In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and GM, discussed how clients in this new era of innovation can apply data, technology, plus human ingenuity to springboard to advance new business value and opportunities. Speaker Bios Mercer Rowe is Vice President, Strategic Partners for IBM's Cloud Business Unit.

Nissan's next-generation Leaf EV will be its first car featuring its ProPilot driver-assist self-driving technology. The system will be activated by a button on the steering wheel and will control acceleration, braking and steering. The ProPilot system consists of a suite of assists, semi-autonomous functions and is designed mainly for highways, and not for busy city traffic. The company has been testing the system in Japan for some time and now and it is ready for a rollout in North America and Europe. "In the coming years, Nissan's ProPilot technology will offer increasing levels of autonomy, with the system eventually able to navigate city intersections. Set to help make driving more secure and more enjoyable, ProPilot Assist is part of Nissan Intelligent Mobility, the company's blueprint for transforming how cars are driven, powered and integrated into society," the company said in its press release Thursday.

Five months after President Donald Trump proclaimed "we are going to fight for every last American job" at a Boeing factory in South Carolina, the company announced Thursday it would be laying off "fewer than 200 people" at the North Charleston plant campus. "Our competition is relentless, and that has made clear our need as a company to reduce cost to be more competitive," Boeing said in a statement, Washington Post reported. During his visit to the company, Donald Trump said, "We're here today to celebrate American engineering and American manufacturing, we're also here today to celebrate jobs. Boeing employs about 140,000 workers in the United States, mostly in, California, Washington, Missouri and South Carolina, Washington Post reported. Lay offs at Boeing had been ongoing throughout this year, with over 400 employees already let go, reports said. Those however were from different Boeing plants. The plant where the president had visited and celebrated new jobs, saw layoffs for the first time this year. This is not the first time the airline company will be laying off employees. Boeing laid off more than 30,000 employees in 2001. Over the years, many renowned companies have cut jobs on a large scale. Boeing is not even the only company to lay off employees in big numbers. Here are some of the biggest corporate layoffs in U.S. history: In one of the biggest job cuts, IBM issued pink slips to 60,000 employees in 1993. IBM's core mainframe business was becoming obsolete with the arrival of personal computers. The company wanted to shift its focus on providing integrated solutions for its customers and CEO Louis Gerster had put aside $8.9 billion which led to the loss of 60,000 jobs. Citibank had 50,000 employees laid off in November, 2008. At that time, it was planning to start disinvestment. Addressing the employees, former CEO Vikram Pandit had said "There is nothing easy about these decisions and the impact on our people.

Newswire) Research and Markets has announced the addition of the "Innovations in IoT-, Machine Learning-, and Artificial Intelligence-based Security Solutions" report to their offering. This edition of Network Security TOE provides a snapshot of the emerging security solutions based on artificial intelligence, machine learning, and other new technologies that help companies mitigate threats and defend against modern attacks. TechVision Information & Communication Technology cluster provides global industry analysis, technology competitive analysis, and insights into game-changing technologies in the wireless communication and computing space. Innovations in ICT have deeply permeated various applications and markets. These innovations have profound impact on a range of business functions for computing, communications, business intelligence, data processing, information security, workflow automation, quality of service (QoS) measurements, simulations, customer relationship management, knowledge management functions and many more.

SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application's needs. With HTBase, companies can quickly provision resources and deploy unique, mission-critical, self-designed solutions to add-onto or create any type of infrastructure as per the business requirement. HTBase is the first company to enable a true multi-cloud strategy, enabling organizations to automate movement of data and workloads between private and public clouds.

NEW YORK – Intel Corp. will sponsor the Olympics through 2024 in the company's latest bid to show off its technology through high-profile sports events. The chipmaker said it will partner with the International Olympic Committee to use Intel's technology, such as virtual reality, 360-degree video, artificial intelligence and drones, to enhance the Olympic Games. Intel is signing on at a time when global interest in the Olympics is waning. Television ratings have fallen, and cities have dropped out of the running to host the games as costs spiral. Yet for Intel, the sponsorship is part of a broad push into sports after it launched a group to explore such deals last fall, seeking to highlight initiatives other than its main computer processor business.

Softbank Group Corp. Chairman and Chief Executive Officer Masayoshi Son said that he will pick his successor from executives at group companies. At a general shareholders meeting in Tokyo, Son said his successor "will be a person who plays an important role with me in the group's management for five to 10 years, is compatible and leads the management in the same direction as I do." In 2014, Softbank Group invited former Google Inc. executive Nikesh Arora to succeed Son. But in June last year, Son said he intended to stay on for 10 more years, citing his interest in leading the telecommunications and technology group's artificial intelligence business by himself. Arora left the group as a result.

Hampshire, UK: 9th May 2017: A new study from Juniper Research has found that chatbots will redefine the customer service industry, with healthcare and banking sectors set to benefit the most. The new research, Chatbots: Retail, eCommerce, Banking & Healthcare 2017-2022, forecasts that chatbots will be responsible for cost savings of over $8 billion per annum by 2022, up from $20 million this year. Juniper expects dramatic cost savings to be made in the healthcare and banking sectors, as enquiry resolution times are reduced and cost savings boosted. Research author Lauren Foye explained: "We believe that healthcare and banking providers using bots can expect average time savings of just over 4 minutes per enquiry, equating to average cost savings in the range of $0.50-$0.70 per interaction. As Artificial Intelligence advances, reducing reliance on human representatives undoubtedly spells job losses."