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) …
Newswire) indico, a provider of enterprise machine learning solutions for unstructured content, today announced $4 million in new equity seed funding led by Osage Venture Partners. Ventures, Boston Seed, and Hyperplane also participated. The funding follows a $1.5 million round of convertible debt financing announced in October, and the addition of veteran CEO Tom Wilde in September. Artificial intelligence and machine learning offer big opportunities for businesses, but many organizations struggle to find practical business applications for the technology due to limited access to required skillsets, insufficient data and infrastructure, and poorly designed pre-trained offerings. Philadelphia-based Osage Venture Partners focuses on early stage, business-to-business technology companies including analytics and artificial intelligence-based startups such as Automated Insights, BAInsight, SevOne, and Sidecar.
We've just begun to scratch the surface of the impact of machine learning on the enterprise. Organizations are applying machine learning algorithms to business processes to automate manual tasks and identify patterns in transactional data to drive strategic decisions. Many applications are focused on efficiency and automation, but that trend is shifting. More and more businesses are using machine learning to develop disruptive new business models. What does this mean for your organization?
The "Industrial Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor), and Software (Deep Learning, and Application Specific)), Product (PC-based, and Smart Camera-based), Application, End-User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The overall industrial machine vision market was valued at USD 7.91 Billion in 2017 and is expected to reach USD 12.29 Billion by 2023, at a CAGR of 7.61% between 2017 and 2023. This is because of the increasing need for quality inspection and automation, growing demand for AI and IoT integrated machine vision system, increasing adoption of Industrial 4.0, development of new connected technologies, and government initiatives to support smart factories, among others. Governments of different countries worldwide are encouraging investments in manufacturing, which is necessitating the use of various automation products for structural development. Software component is expected to grow at the highest rate between 2017 and 2023.
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SAN FRANCISCO – Dec. 13, 2016 – Demandbase, the leader in Account-Based Marketing (ABM), revealed today the results of its Artificial Intelligence (AI) survey, issued in conjunction with Wakefield Research. Overall, the research shows that marketers are excited about the potential AI brings to the world of sales and marketing. While they believe it has the potential to significantly impact the entire industry, there is a clear discrepancy between this enthusiasm and marketers' confidence in how to implement AI into their marketing programs. In fact, 80 percent of all marketing executives believe AI will revolutionize marketing over the next 5 years, but only 26 percent are very confident they understand how AI is used in marketing and only 10 percent of marketers are currently using AI today. Surprisingly, concern with the cost of implementing AI is lower on the list at 42 percent.
DUBLIN--(BUSINESS WIRE)--The "North America Artificial Intelligence Chip Market Analysis (2017-2023)" report has been added to ResearchAndMarkets.com's offering. Artificial Intelligence is a fast-evolving technology and industry leaders are investing into the technology to gain higher market share within a competitive market space. The AI systems consist of software and also require high-end hardware functionality to support calculations. Therefore, market participants are working on building custom chips, designed to support AI development. Artificial Intelligence Chip would be among the most progressive technologies of computer science.
CHICAGO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Narrative Science, the leader in Advanced Natural Language Generation (Advanced NLG) for the enterprise, today announced the availability of its third annual research report, "Outlook on Artificial Intelligence in the Enterprise 2018." In partnership with the National Business Research Institute (NBRI), Narrative Science surveyed business executives from a wide array of functions, including business intelligence, finance, and product management, to understand the use, value, and impact of AI throughout their businesses. Narrative Science's analysis of the data revealed key findings, including the compelling discovery that almost two-thirds of enterprises utilized AI in 2017.
Honda introduced its new 3E (Empower, Experience, Empathy) Robotics Concept at CES 2018, demonstrating a range of experimental technologies engineered to understand people's needs and make their lives better. Through a suite of robotic concepts expressing a variety of functions and designs, Honda shared its vision of a society where robotics and AI can assist people in many situations such as disaster recovery, recreation and learning from human interaction to become more helpful and empathetic. Honda's 3E Robotics Concept is part of the company's core areas of focus at CES 2018: robotics, mobility, and energy management. Honda intends to pursue these areas through its "open innovation" approach, developing technology themes that foster collaboration with partners who share Honda's vision. Rather than stand-alone devices that work independently, Honda envisions robotics as multiple devices that work together as a system, enabling people to expand their life's potential.
Santa Clara, California-based CLARA Analytics, a developer of AI-based solutions focused on claims operations for the property and casualty and disability insurance industries, has raised $11.5 million in Series A funding. Oak HC/FT led the round. CLARA enables the $800 billion global commercial property and casualty market to improve financial performance by decreasing the billions of dollars in claims leakage that occurs annually. Today, solutions from CLARA empower workers' compensation claims organizations to improve the medical management of claimants while simultaneously reducing the costs of claims with easy-to-use AI-based solutions, CLARA providers and CLARA claims. CLARA's advanced analytic solutions incorporate the latest in AI technology to reduce claims leakage and frictional costs for insurance companies and self-insured corporations by: Detecting (early) potential litigation and optimizing legal representation to improve outcomes and reduce defense expenses.
SAN FRANCISCO--(BUSINESS WIRE)--DeepBrain Chain is an Artificial Intelligence Computing Platform driven by blockchain. The DBC project is for global AI computing resource sharing and resource scheduling because many small businesses do not have the money to buy expensive GPU servers, but many companies have a large number of GPU servers which are idle. Scheduling global resources and increasing the utilization efficiency of resources are of positive significance regarding the AI business computing costs reduction. Its vision aims at providing a decentralized AI Computing platform, which is low cost, private, flexible, and safe. The DeepBrain Chain platform serves the interests of several parties.