To remain competitive, complex industries need to deploy industrial automation more than ever, as intense global competition drives process industries to increase efficiency through reduced operating costs, increased production, higher quality and lower inventories. Applying the failure signature to the rest of the pumps provided an early warning, allowing early action to avoid a repeat incident, thus preventing a major problem. In another case, a leading railway freight firm operating across 23 states in the US used machine learning to address perennial locomotive engine failures costing millions in repairs, fines and lost revenue. With the right software solutions, predictive technologies will detect the conditions that limit asset effectiveness, while providing prescriptive guidance that assures firms remain profitable and improve margins.
SANTA CLARA, Calif., and JERUSALEM, Aug. 8, 2017 -- Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel's tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Mobileye will support and build on both companies' existing technology and customer relationships with automakers, tier‑1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs. Based on information provided by the American Stock Transfer & Trust Co., LLC, the depositary for the tender offer, a total of 187,882,291 Mobileye ordinary shares (excluding Mobileye ordinary shares tendered pursuant to guaranteed delivery procedures), representing approximately 84 percent of the outstanding Mobileye ordinary shares, had been validly tendered and had not been validly withdrawn as of the expiration of the initial offering period (excluding 26,424,016 ordinary shares, representing approximately 12 percent of the aggregate number of ordinary shares outstanding, tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee). Information about Intel can be found at newsroom.Intel.com Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving.
Software firm NuTonomy, which works with several car companies including Renault SA, had said it planned to launch commercial service next year, without being more specific on timing. Iagnemma in an interview said he hoped paid self-driving rides would start in the second quarter, although it could be the third or fourth.
At a time when software is driving unprecedented levels of automation, companies are using chatbots to help customers order anything from food to office supplies to additional computing capacity. Perhaps no one is better equipped to answer these questions than Conversable CEO Ben Lamm, whose company has built chatbots for the likes of TGI Fridays, Whole Foods, Budweiser, and, most recently, Shake Shack. Others, echoing Lamm's comment about "boiling the ocean," try to apply automation technologies to as many things as possible right out of the gate. A laser focus on the customer experience may offer enterprises the best recipe for a successful chatbot, the technology must be expertly built.
For the atmospheric scientist however, the eclipse provides a shining opportunity to directly study how the sun influences weather patterns by heating the atmosphere. To that end, a team of researchers from Oklahoma State University and the University of Nebraska is going to spend Monday tracking changes in the atmosphere in the path of the eclipse. And to get just how the eclipse changes the weather in the low sky, the team will fly drones during the totality. "There's an impact during what we call the diurnal cycle, the night-day boundary, the sun comes out, starts heating up the ground, and that's where a lot of our unstable weather phenomena starts to form," says Jamey Jacob, a professor of Mechanical and Aerospace Engineering at Oklahoma State University.
The liability question comes into play in almost every type of business, especially as leaders move toward sophisticated solutions powered by artificial intelligence. For some software-reliant businesses, however, accepting liability is part of providing high-quality customer service. One company that exemplifies this approach is Signifyd, an artificial intelligence platform that protects e-commerce merchants against credit card fraud. From autonomous cars to financial advice to fraud risk, artificial intelligence is making a serious impact on the way businesses serve their customers.
New ways to deliver stuff may not help traffic, and yet: General Motors' Maven mulls entry into a crowded ridehail and on-demand delivery market, Reuters reports. More in traditional automakers gone Silicon Valley: Fiat Chrysler says it will join a potent alliance between BMW, chipmaker Intel, and the tech and sensor mavens at Mobileye to build self-driving cars. New ways to deliver stuff may not help traffic, and yet: General Motors' Maven mulls entry into a crowded ridehail and on-demand delivery market, Reuters reports. More in traditional automakers gone Silicon Valley: Fiat Chrysler says it will join a potent alliance between BMW, chipmaker Intel, and the tech and sensor mavens at Mobileye to build self-driving cars.
These and other findings are from the McKinsey Global Institute Study, and discussion paper, Artificial Intelligence, The Next Digital Frontier (80 pp., PDF, free, no opt-in) published last month. The report cites many examples of internal development including Amazon's investments in robotics and speech recognition, and Salesforce on virtual agents and machine learning. The following is a heat map showing the relative level of AI adoption by industry and key area of asset, usage, and labor category. McKinsey found that companies who benefit from senior management support for AI initiatives have invested in infrastructure to support its scale and have clear business goals achieve 3 to 15% percentage point higher profit margin.
Tech and automotive companies have quietly been trialing autonomous trucks since 2015. But, a new kind of driverless truck is designed to stick out like a sore thumb. While you read this, an autonomous impact protection vehicle is making its way around Colorado. With this trial, the state is now the first to test a connected impact protection vehicle without a support driver at the wheel.