Artificial intelligence (AI) is poised to have a transformative effect on consumer, enterprise, and government markets around the world. An umbrella term that refers to information systems inspired by biological systems, AI encompasses multiple technologies including machine learning, deep learning, computer vision, natural language processing (NLP), machine reasoning, and strong AI. According to a new report from Tractica, these technologies have use cases and applications in almost every industry and promise to significantly change existing business models while simultaneously creating new ones. The market intelligence firm forecasts that annual worldwide AI revenue will grow from $643.7 million in 2016 to $36.8 billion by 2025. In sizing and forecasting the total global AI market, Tractica has identified 191 real-world use cases for AI, organized into 27 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies.
Paid-search campaigns running on desktop and laptops are estimated to decline 3.7% to $14.7 billion by 2021, but the combined share of total Internet advertising held by wired and mobile search will be much higher -- at more than 50% of the total revenue, according to data released Wednesday. PwC's 18th annual Global Entertainment and Media Outlook 2017-2021 details the free fall of paid search delivered through fixed-line broadband and the rise of paid search on mobile devices. Paid-search advertising for desktop fell 34.4% to take 24.5%, or $17.8 billion, of total U.S. Internet advertising revenue in 2016. Google dominates in most global markets, but in the U.S. the company faces more competition, notably from Microsoft's Bing, according to the report. The integration of artificial intelligence (AI) to better anticipate users' search will become another area of focus in the next five years and make players like Apple more sophisticated in search.
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Artificial Intelligence (Ai) Market By Technology (Machine Learning, Natural Language Processing (Nlp), Image Processing, And Speech Recognition), Application & Geography - Global Forecast To 2020" report to their offering. The author forecasts the artificial intelligence market to grow from USD 419.7 Million in 2014 to USD 5.05 Billion by 2020, at a CAGR of 53.65% from 2015 to 2020. The major factors driving the growth of this market include diversified application areas of AI, improved productivity, and increased level of customer satisfaction. In addition, the rising demand for intelligent systems is expected to propel the growth of the market in the next five years. The scope of this report covers the artificial intelligence market by technology, application, and region.
Fresh off its promotion at Facebook's F8 developer conference, Poncho announced today that it has raised 2 million for its personalized weather forecasting service. The round was led by Lerer Hippeau Ventures and will be earmarked for improvements to Poncho's natural language processing, in addition to building artificial intelligence and data science technology into its bots and apps. Participating investors include Greycroft Partners, Comcast Ventures LP, Venture51 Capital Partners, RRE Ventures, Betaworks, Broadway Video Ventures, Ore Ventures, and several angel investors. Started two years ago out of Betaworks, Poncho offers a weather forecast alternative to Yahoo Weather, AccuWeather, and The Weather Channel. The company seeks to dominate what CEO Sam Mandel calls "thin content," which is activity that "takes place within the notification layer and also on a messaging platform that's contextually relevant, customized, and comes at the right time, but with enough polish to be engaging and cause a happy emotion."
Two weeks after my wife and I invited Alexa into our home, we're saying goodbye to the Amazon Echo and returning it to Amazon for a refund. Admittedly, I had high hopes for the product, which was recently joined by two other Alexa-powered devices, the Echo Dot wireless speaker ( 90) and the Amazon Tap ()130, a less expensive (and less hands-free) version of the Echo. We went for the original Echo--which costs a whopping 180--after I had been inundated by repeated recommendations from my cohorts at the Build conference earlier this month. Everyone who owned an Echo loved it, from what I could tell, and like TiVo owners, they were eager to evangelize the product. So I ordered one, noting a wait time of almost two weeks--unusual for Amazon, but the Echo is apparently in very high demand--and told my wife Stephanie, who seemed curiously interested.