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) …
I had the pleasure of meeting Shing Tao, the CEO of Remark Holdings (NASDAQ:MARK), on Monday night. He had just flown into San Francisco from Beijing and I was meant to be his first meeting before dinner and some shut eye; he had a big Tuesday in front of him with Roth Capital (whose analyst loves MARK, although they haven't been their bankers) taking him on a Non-Deal Roadshow and introducing him to several institutional investors. Remark has been very hot lately, jumping almost 200% in value since the company reported Q3 earnings in mid-November. The move came on the back of 2018 revenue guidance for their Artificial Intelligence operating subsidiary, KanKan. They guided to $30M in KanKan AI revenues for next year, which would be a 500% increase over 2017.
When considering a startup, especially an early-stage startup, investors want to conduct as much due diligence as possible. What little data they can gather is scattered all over different sources including Crunchbase, LinkedIn, Pitchbooks, company websites, etc. Consolidating this data takes a great amount of time and effort. Furthermore, the data sets can be incomplete or biased depending on the search queries -- imagine overlooking a keyword. To make the due diligence process fairer and less cumbersome for investors, various platforms are using machine learning (ML) to pull together information about startups from all available resources to help investors assess companies and investment opportunities. But where machine learning really shines is in the interplay of data-driven insights that are qualified by human intuition and personal experience.
There is no force on earth more powerful than an idea whose time has come. Robotic companies continued their two-week pattern of underperformance this week relative to the broader markets. Fully twelve members of the 30 stock Bot Index fell over 3% during the week and drove the Index to a virtual flat performance versus the S & P 500's .35% Four stocks in the health-care sector were among the greatest losers due to a Motley Fool article that focused on competition in the sector. Despite a two for one stock split on December 4th, shares of Cognex traded down over seven percent.
BootstrapLabs is pleased to announce that its annual Applied Artificial Intelligence Conference will return for the third year on April 12, 2018 in San Francisco. The one day conference brings together the brightest and most experienced professionals in the field of AI for an immersive day of learning, discussion, and connection. This year's agenda will focus on the latest and future impact of AI applications and commercialization across a breadth of sectors, including Transportation, Healthcare, Finance, Future of Work and Cybersecurity. Inviting world class perspectives from research, entrepreneurship, investing, and business transformation, the event aims to capture the deepest insights available in the AI landscape today. You'll have access to practical wisdom and methodologies on how to take advantage of AI's powerful potential.
SYS-CON Events announced today that Clouber will exhibit at SYS-CON's 20th International Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Clouber offers Migration as a Service (MaaS) across Private and Public Cloud (AWS, Azure, GCP) including bare metal migration to cloud. Clouber's innovative technology allows for migration projects to be completed in minutes instead of weeks. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
When Starbucks (SBUX) announced the closure of all of its 379 Teavana stores by the spring of 2018, it came as a warning signal to many analysts. But for long-term investors, Starbucks future growth prospects could look more promising. Acquired in 2012 for $620 million, Teavana stores are set to close due to declining foot traffic in malls. As a result of this retrenchment, Starbucks incurred asset impairment and goodwill charges of roughly $100 million during the third quarter. Following the news, Starbucks shares fell 1.2% to $58.80 in after-hours trading.
One of the major factors that will have a positive impact on the growth of this market includes the rising usage of deep learning technology among various industries such as automotive, advertisement, medical and others. Moreover, increasing acceptance of cloud based technology, high usage of deep learning in big data analytics, high R&D expansions for enhanced processing hardware for deep learning and rising applicability in healthcare and autonomous vehicles are fueling the market growth. Moreover, the market has tremendous growth opportunity such as utilization of deep learning technology in smartphones and medical image analysis. Depending on application, data mining segment is anticipated to grow at a highest CAGR during the forecast period attributed to growing utilization of deep learning in cybersecurity and database systems and data analytics.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation. With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo @ThingsExpo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-4, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation. Join Cloud Expo @ThingsExpo conference chair Roger Strukhoff (@IoT2040), October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, for three days of intense Enterprise Cloud and'Digital Transformation' discussion and focus, including Big Data's indispensable role in IoT, Smart Grids and (IIoT) Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) Digital Transformation in Vertical Markets. The upcoming 21st International @CloudExpo @ThingsExpo, October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY announces that its Call For Papers for speaking opportunities is open.
Participating in the ceremony were (in speaking order) Young Min You, Minister of Science and ICT, Republic of Korea; Byung-soo Suh, Mayor of Busan Metropolitan City; Houlin Zhao, ITU Secretary-General; Abdulaziz Bin Salem Al Ruwais, Governor, Communications and Information Technology Commission (CITC), Saudi Arabia; Majed Al Mesmar, Deputy Director General, Telecom Sector, Telecommunciations Regulatory Authority, United Arab Emirates; Rudiantara, Minister of Communication and Information Technology, Indonesia; Siyabonga Cyprian Cwele, Minister of Telecommunications and Postal Services, South Africa; István Mikola, Minister of State for Security and International Cooperation, Ministry of Foreign Affairs and Trade, Hungary; and Edwin Estrada Hernández,Deputy Minister of Telecommunications, Ministry of Science, Technology and Telecommunications, Costa Rica. Said Abdulaziz Bin Salem Al Ruwais, CITC Governor and sponsor of the opening ceremony, spoke on the smart digital transformation currently underway in the ICT sector, and the importance of digital technology going forward. Majed Al Mesmar, Deputy Director General, Telecom Sector, TRA and opening ceremony sponsor spoke on our rapid digital transformation, and how it is a key priority for UAE. Technologies on display include artificial intelligence, virtual reality, smart health, smart finance, IoT, radio frequency spectrum solutions, spectrum management, smart city technologies and more.
Québec and Ontario held their seventh joint meeting of cabinet ministers in Québec City today, building on a long history of productive partnership between them. Building on existing investments, the agreement will boost the provinces' competitive advantage in the field of AI by expanding opportunities for collaboration in research, talent attraction, skills development and business growth. Previous joint meetings between Ontario and Québec have led to advances on common goals of growing the economy, attracting businesses and investments, and protecting our shared environment. Through their joint meetings of cabinet members and work year-round, Québec and Ontario have strengthened their long-standing relationship, creating opportunities and greater prosperity within the provinces -- and across Canada.