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) …
CB Insights revealed the AI 100 winners during The Innovation Summit in Santa Barbara, a gathering of top executives and investors to explore the industries of the future. The CB Insights research team selected the winners based on a combination of data submitted by the companies, responses to interview questions and the company's Mosaic Score. Mosaic is an algorithm built with funding from the National Science Foundation that gives predictive intelligence into the health of private companies. "At Ayasdi, we see clearly that intelligent applications enabled by AI and big data will be as transformative for knowledge-based processes as the industrial revolution was for mechanical processes," said Ayasdi CEO Gurjeet Singh. "Intelligent applications running on our platform are already becoming a fundamental part of our customer's operations with breakthrough results.
"Machine learning is fascinating as it will revolutionize how we conduct simple tasks like translating content, but it also has major security and health consequences that can improve societies around the world," said Paul Sallomi, vice chairman and global TMT industry leader, Deloitte LLP and U.S. technology sector leader. "For example, mobile machine learning is a strong entry point to improve responses to disaster relief, help save lives with autonomous vehicles, and even turn the tide against the growing wave of cyberattacks." "Our predictions for 2017 showcase the enormous influence that machine learning and the Internet of Things are having on the current technology marketplace," said Sandy Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "With many technologies coming into their own as their power and speed increases and the cost of delivering them goes down, we'll continue to see these platforms grow exponentially and expand their role across industries, creating a whole new value proposition and opportunities." Another innovation with the power to transform the world is autonomous braking.
Artificial Intelligence in all its forms is being rapidly adopted and incorporated in many new applications. SANTA CRUZ, CA, January 11, 2017 /24-7PressRelease/ -- Artificial Intelligence in all its forms is being rapidly adopted and incorporated in many new applications. Of those developers working with some form of AI, 34% are involved with Deep Learning techniques, and the industry most likely to be targeted is the Financial/Insurance industry with 16.4% targeting it, according to Evans Data's recently released Artificial Intelligence and Big Data Survey. The survey, conducted with 440 professional developers involved with Artificial Intelligence and/or Big Data also showed that targeting of Internet of Things (14.9%) and non-computer manufacturing (12.5%) are also among the top industries for Deep Learning implementations. Further survey results focused on Deep Learning showed that for almost a third of developers working with Deep Learning, the most common type of data being used is numerical inputs.
We've all heard the buzz surrounding 5G: How it will be an amazing upgrade of our wireless infrastructure. How we'll be able to stream 8k video without buffering as we ride through the city in our driverless cars. Certainly, the promise of 5G sounds pretty exciting. But there's more to 5G than faster download speeds for our unquenchable thirst for more data. The capabilities of 5G will spawn new applications and innovations, which in turn will spur opportunities for economic growth, by transforming once disconnected industries into connected, automated systems that improve diverse sectors such as healthcare, transportation, construction, energy and manufacturing through enhanced productivity and efficiency.
Your car may already feel like an extension of your home based on the hodgepodge of stuff collecting in the backseat, but it's apparent that technology will soon make the two more connected than ever. No one has proposed blurring the line more than Hyundai -- which unveiled a futuristic concept car last week that literally connects to the home via a hole in the wall. Hyundai envisions the car becoming a lounge-like extension of the living space that provides air conditioning and entertainment, and acts as a back-up generator. "By seamlessly blending features from the car with home and work environments, the user experience is uninterrupted whether socializing, working at home, or on the move," Hak Su Ha, Hyundai's design center director, said in a news release. But even if cars never plug into the home physically, they will digitally.
Ditto Labs, Inc., a pioneer in deep learning announced today that Red Fort Capital led a new round of investment in the vision-as-a-service company. Ditto's vision-as-a-service API can find nearly anything appearing in a photo -- a specific product, brand logo, location, demographic profile -- even subjective measures of sentiment -- in near real time. Ditto's service is a high value AI application for thousands of digital business's. "Humans can no longer keep up: ubiquitous cameras are casting off reams of big data. Today, critical business decisions need computers to act on visual data at massive scale and in real-time," said Red Fort Capital CEO Parry Singh.
Gigaom, the leader in emerging technology research, today announced that it is holding its first annual competition for the AI start-up that delivers the highest ROI to corporate customers. The GAIN competition coincides with the annual conference Gigaom AI Now held in San Francisco, CA, February 15-16th 2017. AI startups are leading the way for bringing positive impacts of AI to many of the world's long-term challenges. "Record number of investments are being made in early stage AI start-ups. The competition will identify which new ventures can deliver the highest ROI to businesses today," explained David Hehman, Gigaom's Start-up & VC editor.
Research and Markets has announced the addition of the "Artificial Intelligence Market by Technology (Deep Learning, Robotics, Digital Personal Assistant, Querying Method, Natural Language Processing, Context Aware Processing), Offering, End-User Industry, and Geography - Global Forecast to 2022" report to their offering. The artificial intelligence (AI) market is expected to be worth USD 16.06 Billion by 2022, at a CAGR of 62.9% between 2016 and 2022. The major drivers for the growth are increasingly large and complex datasets and Growing number of AI applications in various end-user industries. Moreover, the increasing adoption of AI-enabled products and software tools to improve consumer services further accelerate its market growth. Of all the major end-user industries, transportation and automotive holds the largest share of the artificial intelligence market.
December 14, 2016 – New York & London – DataArt, a leading global technology consultancy, predicts that 2017 will be a year of integration, disruption and transformation due in large part to the digitalization of key industry sectors. Cyber security and data protection will become major board-level concerns as financial institutions realize that failing to protect customer information will be their biggest source of regulatory non-compliance and reputational risk. Organizations will invest heavily in correcting technology vulnerabilities, lax cultures and poor processes. As a result, data management in all its forms will dominate 2017. Rapid digitalization of customer-facing services will be a matter of organizational life and death as e-commerce and fintech elevate expectations for the optimal user experience (UX).
WIRE)--Conversica, the leader in artificial intelligence (AI) powered business conversations and the only provider of AI-based lead engagement software for sales and marketing, today announced that it has secured $34 million in an oversubscribed Series B funding round. The round was led by Providence Strategic Growth Capital Partners L.L.C. (PSG), an affiliate of Providence Equity Partners L.L.C., with participation from Toba Capital, Wellington Financial LP and Recruit Holdings Co., Ltd., as well as additional funding from existing investor Kennet Partners and founder Ben Brigham. Conversica's board of directors has been expanded to include PSG Managing Director Gopi Vaddi and Toba Capital Partner Wilder Ramsey. "The Conversica team has developed a unique and powerful way to solve a ubiquitous business problem, enabling sales and marketing organizations to automatically engage, qualify and follow up with their leads to more effectively turn them into customers," said Alex Terry, CEO of Conversica. "Sales and marketing professionals at over 1,000 organizations have already achieved tremendous productivity enhancements by deploying our service.