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) …
This week, Intel announced the acquisition of machine learning startups Nervana Systems for a rumored 400M. This move is intended to improve Intel's artificial intelligence(AI) and machine learning (ML) capabilities in its next generation architecture. The acquisition follows the news of Apple's acquisition of Seattle-based AI startup Turi for about 200M. These series of M&A events are signaling that we are entering a time of consolidation in the AI and ML markets.
Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today launched its Neural Intelligence Platform that harnesses the power of artificial intelligence technologies, and brings middle and back office processing to the same level of digital automation as the front office to drive seamless customer journeys. Using a cognitive system powered by natural language processing, machine and deep learning techniques, the platform provides a versatile artificial intelligence-based capability that digitizes many business process solutions, including omni-channel management, contact center, account payable query management, and financial and accounting automation. The platform is the result of more than a decade of research and development in high performance business processing practices, recently crystallized into digital solutions through an aggressive build out of advanced technologies including robotic process automation, natural language processing, and machine learning. The platform also leverages Genpact's unique Lean DigitalSM approach that harnesses the combined power of process-centric technologies, design thinking, and deep domain expertise.
SAN FRANCISCO--(BUSINESS WIRE)--Executives previously from IBM Watson, GE Digital, Infosys, and MicroStrategy announced today that they have joined forces with TPG Growth to launch Noodle Analytics, Inc. (Noodle.ai), the Enterprise Artificial Intelligence company. Today's artificial intelligence technologies include machine learning, predictive data analytics, and data science. He is joined by Dr. Matt Denesuk, previously Chief Data Science Officer for GE Digital; Raj Joshi, previously Senior Executive Vice President of Professional Services at MicroStrategy; and Dr. Ted Gaubert, previously Chief Technology Officer of Infosys Consulting. The team brings deep experience in AI, big data, data science, machine learning, and data analytics across industries.