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) …
Twitter launched a set of premium application programming interfaces that will give developers access to more data such as Tweets per request as well as more complex queries. These premium APIs will serve as a bridge between Twitter's free APIs and enterprise versions. Twitter on its most recent earnings report noted that its data platform is among its fastest growing businesses. Prior to the premium APIs, Twitter offered basic query functionality and access to basic data for free and real-time and historical data for enterprises. The premium APIs are expected to bridge a gap and create an upgrade path from free to pay to enterprise with better reliability.
Australia's National Broadband Network (NBN) is looking into the utilisation of satellites with 1Tbps capacity as consumer demand for bandwidth increases, CEO Bill Morrow has told ZDNet. Speaking during NBN's first-quarter financial results call, Morrow said NBN has many options for evolving its network, with the company still seeing satellite as its best solution for providing connectivity to those living in regional and rural Australia. "When we think about those people in the very remote parts of the country, we still do not see other technologies than satellite as the most optimal solution, so we stay on top of the current developments of technology that are satellite related," Morrow told ZDNet. "For example, we know that there are terabit-per-second-capability satellites that are being built and planned to be deployed in a similar geostationary orbit path as what we have for our satellites, so we try to examine at what point would we think that consumer demand would be necessary to justify deploying those other satellites. "There's been no decision to go forward, but we watch it closely."
For marketers, it's likely that their digital advertising budgets will flow through Trade Desk at some point since the buy-side programmatic platform grabbing share in areas such as connected TV, Web, mobile and audio. Trade Desk, an independent ad platform, delivered strong third quarter revenue growth and earnings as it competes against giants for a piece of the ad revenue pie. For marketers, Trade Desk has become a key partner due to its independence, buy-side focus and customer service. The company reported third quarter net income of $10.2 million, or 23 cents a share, on revenue of $79.4 million, up 50 percent from a year ago. Trade Desk recently launched a successful IPO.
Xero has announced positive earnings before interest, tax, depreciation, and amortisation (EBITDA) for the first time in its history, reporting NZ$5.4 million for the six-month period ending on September 30, 2017. EBITDA in the previous corresponding period was minus NZ$25.9 million, marking a 121 percent improvement. The Australian Securities Exchange (ASX)-listed cloud accounting software company also reported an improved after-tax loss of NZ$21.1 million for H1 FY18, compared to the loss of NZ$43.9 million reported in the previous half-year period. Operating cashflow increased 145 percent on the half from minus NZ$13.4 million to NZ$6.1 million, while operating revenue increased 37 percent from NZ$137 million to NZ$188 million. Subscription revenue accounted for a majority of Xero's operating revenue, as usual, coming in at NZ$183 million, up 38 percent from the NZ$133 million reported in H1 FY16.
Alphabet handily topped third quarter revenue and EPS estimates as sales surged 24 percent. The tech giant reported a net income of $6.73 billion, with non-GAAP earnings were $9.57 On average, Wall Street was looking for Q3 earnings of $8.83 per share with $27.2 billion in revenue. Net revenue excluding TAC was expected to be at $21.95 billion. Alphabet delivered above target with $22.2 billion in revenue excluding TAC.
Cisco has revealed plans to acquire San Jose startup Perspica to bolster the firm's previous purchase of AppDynamics in the data analytics arena. On Thursday, Cisco said in a blog post that Perspica is "the first acquisition to support and accelerate the AppDynamics vision." Financial details were not disclosed. The network equipment maker snapped up AppDynamics in January this year in a deal valued at $3.7 billion. AppDynamics is the developer of an enterprise platform suitable for monitoring application performance and business metrics.
AeroScope uses the existing communications link between a drone and its remote controller to broadcast identification information such as registration and serial number, as well as other information pertaining to flight safety and functionality including location, altitude, speed, and direction, DJI said in an announcement on Thursday. Additionally, DJI insisted that "most" drone flights will not be automatically recorded in government databases, as the system relies on drones broadcasting information directly to local receivers. "This system is consistent with DJI's problem-solving approach to drone regulation, which aims to strike a reasonable balance between authorities' need to identify drones that raise concerns and drone pilots' right to fly without pervasive surveillance," the company said in its announcement. The company said at the time that its flight control apps routinely communicate over the internet to ensure a drone has up-to-date local maps and geofencing data, correct radio frequency and power requirements, and other information deemed relevant to flight safety and functionality.
Panasonic expects to launch its autonomous driving system for commercial vehicles by 2022, as it continues to turn its focus to advanced auto parts. Panasonic -- which is currently the battery cell supplier for Tesla's Model 3 -- has been pushing its range of driving-related products in an effort to catch up other suppliers such as Bosch and Continental AG. Panasonic announced 83.93 billion yen in profit for the quarter ended June 30, 2017, up from 71.81 billion a year prior. For the full year ended March 31, 2017, operating profit for the company stood at 276.8 billion yen, up from 230.3 billion yen a year prior.
The National Australia Bank (NAB) has announced the launch of its voice-activated Talk to NAB offering, allowing customers to ask basic banking questions such as how to replace a lost card or reset their password. In order to use the Talk to NAB function, customers will require a Google Home device or the Google Assistant on a compatible smartphone, as well as a data connection. "Whilst at the moment you can talk to it, chat with it online, we'd love for you to be able to use your voice to activate it, to ask it questions, as our business customers are driving around," NAB executive general manager of business transformation Anne Bennett said at the time. For the first half of the 2017 financial year, NAB reported AU$2.55 billion in after-tax profit -- a 246.1 percent turnaround from the AU$1.74 billion loss reported last year.
Apple announced today that it is switching from Bing to Google as the Web search provider for Siri, Search within iOS and Spotlight on Mac. Apple officials did say they will continue to use Bing Web image search results in Siri, noted TechCrunch, citing an Apple statement sent to the outlet. In 2013, Microsoft and Apple struck a deal to make Bing the backup Web search engine in Siri. In 2014, Microsoft and Apple struck a related deal to make Bing the default Web search engine for Spotlight on the Mac and iOS 8.