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) …
Difficult times for operators call for questioning old orthodoxies to win. For the better part of a decade, telecom companies have suffered through declining revenues, cash flow, and return on investment just as tech companies like Google, Facebook, Amazon, and others have mushroomed by building their businesses on the operators' own infrastructure. While these tech visionaries have enjoyed well over $1 trillion in combined market-cap growth by innovating and thinking differently and adeptly, telecom companies have tried to compete by implementing the same old survival tactics: cutting costs, reducing the workforce, and timidly entering into new business adjacencies. The trouble is that playbook no longer applies. It's time the telecom companies embrace this new reality and rethink the key orthodoxies that have shaped their industry since the first phone call was made about 140 years ago.
The US ride-hailing company Lyft has secured a $1bn (£760m) investment from a Google-led consortium, a considerable war chest that will help finance its challenge to Uber in the US – and possibly overseas. The funding round was led by CapitalG (formerly known as Google Capital), the strategic investment arm of Google's corporate parent Alphabet, and takes the valuation of Lyft up to $11bn. That's still a fraction of Uber's market cap, which is somewhere between $50bn and $70bn, but it pegs the company as a major domestic competitor to the trouble-stricken cab firm. Lyft is tight-lipped as to what, precisely, the new funding will be spent on. In a statement announcing the investment round, the company said: "While we've made progress towards our vision, we're most excited about what lies ahead.
MONTREAL--(BUSINESS WIRE)--Element AI, an artificial intelligence company that delivers groundbreaking AI solutions, today announced it has joined the Partnership on AI (PAI) to design best practices and principles that will promote fairness, safety, transparency, and positive social impact. PAI's goals are to study and formulate best practices on the development, testing, and fielding of AI technologies while advancing the public's understanding of AI. Its mission is to serve as an open platform for discussion and engagement about AI and its influences on people and society as well as identifying and fostering aspirational efforts in AI for socially beneficial purposes. Amazon, Apple, Google/DeepMind, Facebook, IBM and Microsoft founded the partnership to bring different, valuable perspectives to its efforts through the inclusion of innovative companies like Element AI. According to a statement released by the Partnership on AI, "We actively designed the Partnership on AI to bring together a diverse range of voices from for-profit and non-profit, all of whom share our belief in the tenets and are committed to collaboration and open dialogue on the many opportunities and rising challenges around AI." In addition to Element AI, another world renown company to join PAI is Element AI Series A investor NVIDIA along with other prestigious companies including: Accenture, Association for Computer Machinery, AI Now, Amnesty International, Article 19, Berkeley CHAI, doteveryone, Fraunhofer IAO, Future of Life Institute, Hastings Center at Yale University, Hong Kong University Electronic & Computer Engineering, Markkula Center for Applied Ethics, Omidyar Network, Oxford Internet Institute and Tufts HRI Lab.
In contrast, only half of firms with low levels of customer experience satisfaction and low brand recognition currently employ enabling technologies -- and ten percent have no intention of doing so. The combined power of automation with the finesse of the human touch across the enterprise delivers the kind of blended AI solution every customer experience leader needs today." Overall, Getting to Iconic determines iconic companies are much more advanced in their deployment of leading customer experience technologies, including the use of emerging AI applications. Getting to Iconic is a briefing paper by MIT Technology Review based on a global survey of business leaders conducted between May and July 2017.
Machine learning is where computers find patterns in data that humans have missed, allowing them to learn from their mistakes. It can be used for anything from predicting consumer behavior to preventing fraud and, in the case of hedge funds and other investment companies, replacing humans to pick investments. With shades of the 2002 Tom Cruise movie "Minority Report," CACI International Chief Executive Officer Ken Asbury said in August that his company can use the techniques to predict what "a bad guy" will do based on their patterns of behavior. Nike Inc. Chief Financial Officer Andrew Campion said the athletics brand is ramping up investment in artificial intelligence as part of a wider digital push, and software firm Oracle Corp. is using it to sift through job applicants.
One of the major factors that will have a positive impact on the growth of this market includes the rising usage of deep learning technology among various industries such as automotive, advertisement, medical and others. Moreover, increasing acceptance of cloud based technology, high usage of deep learning in big data analytics, high R&D expansions for enhanced processing hardware for deep learning and rising applicability in healthcare and autonomous vehicles are fueling the market growth. Moreover, the market has tremendous growth opportunity such as utilization of deep learning technology in smartphones and medical image analysis. Depending on application, data mining segment is anticipated to grow at a highest CAGR during the forecast period attributed to growing utilization of deep learning in cybersecurity and database systems and data analytics.
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Global consulting agency Bluewolf, an IBM Company, has released its sixth-annual The State of Salesforce report that uncovers insights and emerging trends from Sales, Service, Marketing and IT professionals who use Salesforce, the world's #1 CRM platform. Based on insights from more than 1,800 Salesforce customers worldwide, the report found that companies are encouraged by the results of early artificial intelligence (AI) investments: 77 percent of companies already using AI expect to increase their investment over the next 12 months, and 38 percent of Salesforce customers expect to invest in AI within the next year. Continued AI investment drives impactful customer experiences The C-Suite is placing big bets on AI, with 63 percent of C-level executives surveyed counting on AI to improve the customer experience. About Bluewolf, an IBM Company Bluewolf, an IBM Company, is the global Salesforce consulting agency committed to creating customer and employee experiences that drive a return on innovation.
Québec and Ontario held their seventh joint meeting of cabinet ministers in Québec City today, building on a long history of productive partnership between them. Building on existing investments, the agreement will boost the provinces' competitive advantage in the field of AI by expanding opportunities for collaboration in research, talent attraction, skills development and business growth. Previous joint meetings between Ontario and Québec have led to advances on common goals of growing the economy, attracting businesses and investments, and protecting our shared environment. Through their joint meetings of cabinet members and work year-round, Québec and Ontario have strengthened their long-standing relationship, creating opportunities and greater prosperity within the provinces -- and across Canada.