If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
The global drug discovery market is estimated to be worth at least $35 billion, a figure that could rise to $71 billion by 2025. But taking a drug from research and development to market is a long and resource-intensive process. A large part of this work involves rigorous testing to ensure a drug is not only effective, but safe -- and this unfortunately entails animal testing, whether on monkeys, rats, mice, dogs, or rabbits. Contrary to what some may think, animal testing is not only a pivotal facet of drug development, in most countries it's actually a legal requirement that must be completed before clinical trials on humans can commence. However, animal testing is slow and expensive, with a low success rate -- it's estimated that fewer than 10% of drug candidates tested on animals make it through the pipeline.
SANTA CLARA, CA – Micro Focus (LSE: MCRO; NYSE: MFGP) today announced the general availability of Service Management Automation X (SMAX) 2019.05. SMAX is the first application suite for Enterprise Service Management and IT Service Management built on machine learning and analytics, powered by an embedded CMDB and Discovery to help drive down costs and speed up time to resolution. Built-in best practices are quickly and easily configured and extended in an entirely codeless way with the SMAX Studio enabling customers to achieve faster time to value. The scalable, multi-tenant cloud-native solution delivers significantly lower cost of ownership and enables customers to deploy on their choice of public or private cloud. SMAX is also available as-a-service by Micro Focus partners worldwide.
The new partnership will help marketing and sales teams maximize the ROI on their event marketing spend. With SummitSync's conference and trade show intelligence paired with automated lead engagement through Conversica's AI Assistants, brands will be able to drive higher quality sales meetings and convert more prospects to customers like never before. For event marketers, the joint solution automates many of the time-consuming tasks associated with event execution such as pre-booking meetings at events, coordinating on-site demos with salespeople and capturing follow-up requests for information. It frees event marketers to focus on delivering an outstanding end-to-end experience. "Conversica is an ideal partner for us because we serve a similar customer base and our combined technologies complement each other and increase the value we deliver," said Al Torres, president and co-founder at SummitSync.
Nvidia CEO Jensen Huang proudly proclaimed on an analyst earnings call this week that artificial intelligence is the "single most powerful force of our time." Nvidia reported Q2 earnings and revenues that beat analysts' expectations as demand for graphics and artificial intelligence chips picked up. After the earnings call, I interviewed Huang about the company's progress. During the analyst call, he said there are more than 4,000 AI startups working with the company -- as compared to 2,000 AI startups in April 2017. In our interview, Huang said the actual number of AI startups Nvidia is tracking is closer to 4,500.
Artificial intelligence (AI) technologies and deployments are becoming even more widespread, thanks to a combination of growing amounts of data, faster processing power, and increasingly powerful algorithms. Indeed, as AI technologies make their way into virtually every industry, enabling machines to speak, listen, move, and make decisions in unprecedented ways, a wide range of use cases are illustrating the potential business opportunities, attracting new investment, and driving changes to existing business processes. According to a new report from Tractica, AI implementations now encompass 258 discrete use cases, and the worldwide market for AI software stands at $8.1 billion as of the end of 2018, a figure the market intelligence firm forecasts to rise to $105.8 billion annually by 2025. "The AI opportunity spans a wide range of industries and geographies, from advertising and automotive, to transportation and telecommunications," says principal analyst Keith Kirkpatrick. "A significant portion of the overall revenue is concentrated in highly domain-specific markets with high-volume data needs and ontologies, as well as those with growing applications for machine perception."
Roku blew away its numbers in style as the US streaming company surpassed 30 million active users in Q2 2019 – comprehensively extending its native dominance in the connected TV space. But while Roku's second quarter results are a milestone for the company, they also signify significant tailwinds in a broader field – advertising. Revenue growth of 59% year on year to $250.1 million was primarily driven by growth in advertising as Roku managed to more than double the number of monetized video ad impressions.
Indian cab aggregator Ola has announced the acquisition of Bengaluru-based artificial intelligence (AI) startup Pikup.ai on Tuesday. As part of the deal, which value was not disclosed, the team at Pikup.ai including founders Inder Singh and Ritwik Saikia will join Ola. "We are looking forward to joining Ola in its mission to build mobility for a billion people and are very excited about building meaningful technology solutions that have a deep impact on the lives of millions, every single day," said Inder Singh, co-founder of Pikup.ai. The acquisition will fuel Ola's plans to develop next-generation mobility technologies such as autonomous driving, electric and connected mobility. The company said it would do that also by setting up an Advanced Technology Centre in San Francisco.
Utilities and energy retailers from across the globe will gather at the exclusive Bidgely Engage 2019 conference under the banner of'Unlock the Power of UtilityAI ' this September 11-13 in Napa, Calif. Engage 2019 is utility artificial intelligence (AI) leader Bidgely's third annual event that brings together utilities, AI experts and tech leaders to discuss trends, best practices and lessons learned in applied AI for the energy industry, as well as to enjoy networking in California's legendary wine country. This press release features multimedia. "For Engage, we pull in industry luminaries and tech leaders from outside the energy space to learn from their AI journeys and to explore how AI and machine learning advancements specifically for energy is delivering compounding benefits to utilities around the world," said Bidgely CMO Gautam Aggarwal. The shift of AI becoming mainstream in the energy industry was recently cited in a report by Navigant Research, covering how the future of utilities will be driven by the emerging disciplines of machine learning and artificial intelligence.
CHICAGO & LONDON--(BUSINESS WIRE)--Arturo, the artificial intelligence and deep-learning property analytics start-up, today announces it has entered into a partnership with UK-based global specialty (re)insurer Canopius AG ("Canopius"). Arturo's deep-learning property analysis capability will be integrated into Canopius, providing physical property characteristic and predictive analytics, enabling more informed and differentiated pricing decisions at the point of underwriting Marek Shafer, chief digital officer, Canopius, said: "Arturo's, AI-powered image analytics capability is hugely impressive. Canopius is excited to be harnessing this pioneering technology, which will help to fine-tune our risk selection process and improve point-of-sale underwriting." John-Isaac Clark, CEO at Arturo said: "Arturo was built from the ground up within American Family Insurance and we deeply understand the specific challenges our insurance customers are trying to solve. We are incredibly excited to announce our relationship with Canopius and looking forward to working together to further enhance our product to meet their current and future needs."