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Watson won 'Jeopardy,' but IBM is not winning with artificial intelligence

@machinelearnbot

The Watson win was a major win for IBM IBM, -0.31% at the time, underscoring its transition to a new-age technology company with artificially-intelligent computers. On Friday, shares of IBM fell 3% to $154.45 after billionaire investor Warren Buffett announced that his company Berkshire Hathaway Inc. BRK.A, -1.07% It has unloaded 30 million shares so far in 2017, from the 81 million shares it held at the end of 2016. Buffett bought more than $10 billion in IBM shares the year Watson won "Jeopardy," and increased his stake a few more times in the years proceeding. IBM reported profit and revenue declines, even as its newer software-as-a-service business saw revenue gains of 60%.


The Consensus Forecast For IBM In 2017 - When The Dog Ate The Homework Of Analysts

#artificialintelligence

Is it too soon to do reviews and forecasts for the New Year? I noticed another contributor to SA has offered a forecast for Palo Alto (NYSE:PANW) and its prospective performance for the coming year. Several brokerage analysts have offered their evaluation of the year ahead for IBM (NYSE:IBM). The old year is passing at a frightful pace, and it means that all valuation metrics need to be adjusted for the year ahead. One of the interesting things about IBM is that its headline metrics are not expected to change much in 2017, with earnings expected to rise and revenues expected to show marginal shrinkage, how much credence should investors place in the consensus?


BMW Partners With IBM To Add Watson's Cognitive Computing Capabilities To Its Cars

Forbes

Watch out Tesla and Google: the race for whom will build the car of the future is still far from over. German automakers are working hard to stay ahead of the pack and add new capabilities to their reliable, if sometimes unexciting, vehicles. Back in September BMW, Audi and Mercedes announced the launch of a project aimed at helping vehicles communicate with each other and help the driver gain a better understanding of traffic conditions. The BMW i8 is presented on the first day of the press days of Paris motor Show, on September 29, 2016. Today, BMW unveils yet another agreement, a partnership with American giant IBM.


IBM Lays Out Plans to Hire 25,000 in U.S. Ahead of Trump Meeting

#artificialintelligence

IBM Chief Executive Officer Ginni Rometty said she plans to hire about 25,000 people in the U.S. and invest $1 billion over the next four years, laying out her vision for filling technology jobs in America on the eve of a meeting of industry leaders with President-elect Donald Trump. Rometty, who is on Trump's advisory panel of business leaders, will join Facebook Inc.'s Sheryl Sandberg, Amazon.com Inc.'s Jeff Bezos and Alphabet Inc.'s Larry Page and Eric Schmidt at a summit with Trump Wednesday in New York that is said to focus on jobs. During the run-up to the election, Trump made employment issues a mainstay of his campaign, promising to scrap trade deals he viewed as draining jobs from the country and impose tariffs on imports if necessary. He has since claimed credit for preventing thousands of manufacturing jobs from moving overseas and used state incentives to strike a deal with Carrier, a unit of United Technologies Corp., to pull back on its plans to move some operations to Mexico.


IBM & Broad Institute Launch Major Research Initiative

#artificialintelligence

CAMBRIDGE, MA - 10 Nov 2016: IBM Watson Health (NYSE: IBM) and the Broad Institute of MIT and Harvard today announced a research initiative aimed at discovering the basis of cancer drug resistance. The five year, $50 million project will study thousands of drug resistant tumors and draw on Watson's computational and machine learning methods to help researchers understand how cancers become resistant to therapies. The anonymized data will be made available to the scientific community to catalyze research worldwide. IBM Watson Health and the Broad Institute bring the data prowess of Watson to study cancer drug resistance in a $50M research collaboration. The goal is to identify patterns that could reveal clues into one of the greatest medical mysteries of cancer.


IBM & Broad Institute Launch Major Research Initiative

#artificialintelligence

CAMBRIDGE, MA - 10 Nov 2016: IBM Watson Health (NYSE: IBM) and the Broad Institute of MIT and Harvard today announced a research initiative aimed at discovering the basis of cancer drug resistance. The five year, $50 million project will study thousands of drug resistant tumors and draw on Watson's computational and machine learning methods to help researchers understand how cancers become resistant to therapies. The anonymized data will be made available to the scientific community to catalyze research worldwide. IBM Watson Health and the Broad Institute bring the data prowess of Watson to study cancer drug resistance in a $50M research collaboration. The goal is to identify patterns that could reveal clues into one of the greatest medical mysteries of cancer.


GE Makes Big Moves to Compete with IBM's Watson

#artificialintelligence

SEATTLE (Reuters) – General Electric said on Tuesday it has acquired two tech startups to build its artificial intelligence capability, a move that helps it compete with IBM's Watson product. GE said the acquisitions of Bit Stew Systems and Wise.io will expand its Predix platform for industrial internet applications, which connects big machines such as power plants and aircraft engines to databases and analytical software. Terms of the deals weren't disclosed. Berkley, California-based Wise.io has advanced machine learning technology that GE sees "as really well-built for the industrial world", Bill Ruh, chief executive officer of GE Digital, GE's software arm, said in an interview. A branch of artificial intelligence, machine learning allows computers to adapt to new data without new programming.


MIT and IBM team up to create AI that sees, hears, and gets it – like humans

Christian Science Monitor

It's easy to take for granted the complex mental tasks human beings are constantly performing. When we watch a baseball game, we can easily distinguish the pitcher from the mound he stands on, describe how he winds up before he flings the ball towards the plate, and even predict if the next pitch will be a hanging curveball or 100-mph fastball. There isn't yet a machine that can comprehend such tasks that are simple to us. IBM and the Massachusetts Institute of Technology in Cambridge hope to change that. The two organizations announced a partnership Tuesday for machines to see, hear, and interpret like humans do.


IBM, Weather Co. bring Watson AI to ads

#artificialintelligence

IBM Watson has talked tennis with Serena Williams and music with Bob Dylan. Now it wants to talk to you -- via online ads. The Weather Company, acquired by IBM in January, will begin bringing Watson-enhanced interactive advertisements to The Weather Channel and Weather Underground apps on Android and iOS and to weather.com and wunderground.com The ads, powered by Watson's artificial intelligence, will prompt consumers to ask questions such as "What would be good to cook for dinner?" or "Is this medicine safe for my child?" The first companies with Watson-enabled ads will be Campbell Soup, GSK Consumer Healthcare and Unilever.


Apple Shows Us It's Hard to Be Innovative When You're on Top. But Does it Really Matter?

#artificialintelligence

This week, Apple posted the earnings results for the second quarter of 2016, and reported a year-over-year decline in quarterly revenue for the first time in 13 years. The company took in 50.6 billion in quarterly revenue and 10.5 billion in quarterly net income. App Store revenue was up 35 percent to beat last quarter's all-time record, and Apple Music continues to grow in popularity with over 13 million paying subscribers today," he said. As for Microsoft, while it's PC sales were down (even if Windows 10 updates apparently cannot be stopped), the company's emphasis on the cloud, and especially adapting perennial favorites such as Office 365 into cloud solutions, has proven to work for the tech giant, with 22.2 million subscribers to Office, building on 12.4 billion last year, the New York Times reports.