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The Surprising Truth about Humans and Artificial Intelligence - Greater Phoenix In Business Magazine

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Artificial intelligence is not new but, suddenly, everyone seems to be talking about it. We have hit an inflection point with computing power and data that is finally allowing for commercial applications of this technology, and that's what all the excitement is about. It's only going to get faster and better from here on out. Along with talk about the new possibilities, there is also a lot of fear about people possibly losing their job to a robot, or even becoming irrelevant. Despite the wow factor of being able to shout a command at Siri or Alexa and have a task performed, when you get right down to it the tasks they are performing are rudimentary.


How the Rise of AI is Shaping the Data Center Industry

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Artificial intelligence has profound implications for society, and for the data centers that will power it. The rapid growth of AI is contributing to the building of new services, as well as enhancing products already on the market. And the growing popularity of machine learning as a business is also boosting demand for powerful high performance computing hardware. The emergence of AI is a key theme here at Data Center Frontier. The rise of AI applications will drive demand for data center space, and have design implications for how high-density racks are powered and cooled.


The battle in AI

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TWO letters can add up to a lot of money. No area of technology is hotter than AI, or artificial intelligence. Venture-capital investment in AI in the first nine months of 2017 totalled $7.6bn, according to PitchBook, a data provider; that compares with full-year figures of $5.4bn in 2016. In the year to date there have been $21.3bn in AI-related M&A deals, around 26 times more than in 2015. In earnings calls public companies now mention AI far more often than "big data".


The Surprising Truth about Humans and Artificial Intelligence - Greater Phoenix In Business Magazine

#artificialintelligence

Artificial intelligence is not new but, suddenly, everyone seems to be talking about it. We have hit an inflection point with computing power and data that is finally allowing for commercial applications of this technology, and that's what all the excitement is about. It's only going to get faster and better from here on out. Along with talk about the new possibilities, there is also a lot of fear about people possibly losing their job to a robot, or even becoming irrelevant. Despite the wow factor of being able to shout a command at Siri or Alexa and have a task performed, when you get right down to it the tasks they are performing are rudimentary.


AI News: Artificial Intelligence Trends And Leading Stocks Stock News & Stock Market Analysis - IBD

@machinelearnbot

Investors beware: there's plenty buzz around artificial intelligence (AI) as more and more companies say they're using it. In some cases, companies are using older data analytics tools and labeling it as AI for a public relations boost. But identifying companies actually getting material revenue growth from AI can be tricky. X AI uses computer algorithms to replicate the human ability to learn and make predictions. AI software needs computing power to find patterns and make inferences from large quantities of data.


Machine Learning And Big Data Know It Wasn't You Who Just Swiped Your Credit Card

International Business Times

You're sitting at home minding your own business when you get a call from your credit card's fraud detection unit asking if you've just made a purchase at a department store in your city. It wasn't you who bought expensive electronics using your credit card – in fact, it's been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent? Credit card companies have a vested interest in identifying financial transactions that are illegitimate and criminal in nature. According to the Federal Reserve Payments Study, Americans used credit cards to pay for 26.2 billion purchases in 2012.


AI News: Artificial Intelligence Trends And Leading Stocks

#artificialintelligence

Investors beware: there's plenty buzz around artificial intelligence (AI) as more and more companies say they're using it. In some cases, companies are using older data analytics tools and labeling it as AI for a public relations boost. But identifying companies actually getting material revenue growth from AI can be tricky. XAutoplay: On Off AI uses computer algorithms to replicate the human ability to learn and make predictions. AI software needs computing power to find patterns and make inferences from large quantities of data.


How Amazon Is Losing The Artificial Intelligence Race

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While many observers consider Amazon.com Inc. (AMZN) to be an unstoppable force that steamrolls the competition wherever it goes, most notably in retail and cloud computing, the fields of machine learning and artificial intelligence (AI) are particularly important areas where it lags, Bloomberg reports. Getting up to speed is vital for Amazon, Bloomberg adds, because the running of AI applications is likely to fuel much of the future growth in cloud computing. Global market intelligence firm International Data Corporation (IDC) projects that sales of software for coding AI applications will increase by 40% through 2021, exceeding $8 billion, and that the growth will be even faster for these products in the cloud, Bloomberg says. Meanwhile, competitors Microsoft Inc. (MSFT) and Alphabet Inc. (GOOGL), the parent of Google, have raced ahead in developing AI applications for their cloud computing clients, per Bloomberg.


Cyber Monday: Why I just bought four more Amazon Echos

ZDNet

Video: Who needs a screen? This morning, I one-click ordered four more. If you're curious why, read on. My wife and I thoroughly integrated Alexa devices into our home environment. Back before we moved, we had something like 28 Hue bulbs, a few Wemo switches, some smart plugs, and even our entertainment center under the control of our tin cans.


Why AI will determine the future of fintech

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More investors are setting their sights on the financial technology (Fintech) arena. According to consulting firm Accenture, investment in Fintech firms rose by 10 percent worldwide to the tune of $23.2 billion in 2016. China is leading the charge after securing $10 billion in investments in 55 deals which account for 90 percent of investments in Asia-Pacific. The US came second taking in $6.2 billion in funding. Europe, also saw an 11 percent increase in deals despite Britain seeing a decrease in funding due to the uncertainty from the Brexit vote.