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) …
These and many other fascinating insights are from CB Insight's report, Google Strategy Teardown (PDF, 49 pp., opt-in). The report explores how Alphabet, Google's parent company is relying on Artificial Intelligence (AI) and machine learning to capture new streams of revenue in enterprise cloud computing and services. Also, the report looks at how Alphabet can combine search, AI, and machine learning to revolutionise logistics, healthcare, and transportation. It's a thorough teardown of Google's potential acquisitions, strategic investments, and partnerships needed to maintain search dominance while driving revenue from new markets. CB Insights found Google is experiencing rising TAC in their core ad and search businesses.
YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by the other investors, namely Sistema Venture Capital (a one of the venture instruments of Sistema, a conglomerate that controls MTS), Flint Capital and United Capital Partners (UCP), as well as individual investors Sergey Solonin and Alexander Kabakov. The funding will support the company's "geographic expansion," launch of new service categories, marketing campaign and further service automation. Virtually unknown outside Russia, YouDo.com has a strong traction on the local market. The site presents itself to users in a very simple way, as a place to solve all manner of practical problems -- from computer repair to translations to housekeeping, and thousands of other fields of activities.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of On the Move Systems to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. On the Move Systems undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in On the Move Systems expectations.
RAD's suite of products which presently includes SCOT, WALLY and FRED provides recurring monthly revenue for RAD. On average, each SCOT, WALLY and FRED respectively can generate, over a 4 year period, $60,000, $25,000 and $12,000 of total revenue for the Company. To date the aggregate of all units presently deployed, at purchase order stage and client verbal commitment stage equal more than $2,400,000 worth of total potential revenue. RAD expects to reach $100,000 of monthly recurring revenue by this fiscal year end February 28, 2019, which represents approximately $5,000,000 of total potential revenue. RAD already has total deployments, purchase orders and verbal commitments for half of this amount to date.
CEO, Martin Spencer, addresses their 2018 progress in multiple markets. For over twenty years, GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)." We have further cost reduced the direct manufacturing costs of our proprietary, breakthrough SafePath! It is our AI enabled human quick sense and avoid of moving and/or unmapped obstacles that opens up the immense HME/DME rehab and power wheelchair markets to GeckoSystems for a first mover opportunity. We now believe that our collision free benefit can be added to most power wheelchairs for less than $2,000 MSRP, installed.
Artificial intelligence (AI) processing today is mostly done in a cloud-based data center. The majority of AI processing is dominated by training of deep learning models, which requires heavy compute capacity. In the last 6 years, the industry has experienced a 300,000X growth in compute requirements, with graphics processing units (GPUs) providing most of that horsepower. According to a new report from Tractica, however, as the diversity of AI applications grows, an increasing amount of AI processing will be handled within edge devices rather than in a centralized, cloud-based environment. Tractica forecasts that AI edge device shipments will increase from 161.4 million units in 2018 to 2.6 billion units worldwide annually by 2025.
Amazon caused a few gasps at its Alexa event Thursday when it revealed it had 70 things to announce. If that sounds like a lot to take in, fret not -- not all of those were hardware announcements. We've rounded up all of the Alexa-infused products Amazon showcased, including speakers, an in-car device and, um, a microwave? The revamped Echo Dot has a new look, with rounded edges, and packs more punch, with a 1.6-inch driver delivering 70 percent louder audio than the previous model. Amazon says the speaker has lower distortion and enhanced bass.
Neo4j, the market leader in connected data, announced today the upcoming release of Neo4j 3.5, the native graph platform designed to drive the success and adoption of real-time business applications, including artificial intelligence (AI) and machine learning (ML) systems. Neo4j customers – including eBay and Caterpillar – have demonstrated that connected graph datasets are a foundational element of enterprise AI applications. Graph-based data models provide the necessary context for AI applications by capturing facts related to and relationships among people, processes, applications, data and machines. Informed by successful AI customer deployments – including knowledge graphs, fraud detection, recommendation systems and conversation engines – Neo4j 3.5 delivers foundational features for AI-powered systems of connection to generate bottom-line business value. "The way we organize and represent knowledge in AI-powered systems has a profound effect on what and how they can learn," said Bowles.
For those who've been wondering just when Amazon's mysterious event is going to be, you need wait no longer. That day is today, and it'll take place in the company's Seattle headquarters at 1:30 PM ET / 10:30 AM PT. We don't know too much about what will be unveiled just yet, but if it's anything like last year's event, chances are good that Alexa will be the prevailing theme. According to a CNBC report earlier this week, at least eight new devices will be unveiled at the event. They include microwave oven, a subwoofer, an amplifier, an in-car gadget of some kind as well as a smart plug that'll add Alexa functionality to anything that hooks into it.
The consulting specialists and innovation drivers CAMELOT Management Consultants today announced the start of the "Global Community for Artificial Intelligence in Supply Chain Management". With immediate effect, CAMELOT is offering supply chain management and AI masterminds from research and practice an open platform for the targeted transfer of knowledge. The initiative gives companies the opportunity to collaborate in implementing the first flagship projects using artificial intelligence in supply chain management (SCM). Members of the community will benefit from the latest innovations and research outcomes, motivational speeches, use cases and how-to guides for artificial intelligence in supply chain management. The focus here is on AI applications in logistics.