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) …
ARM Holdings is preparing a $600mn takeover bid for data analytics specialist Treasure Data, reports Bloomberg. SoftBank-owned ARM, which is based in the United Kingdom and is an industry-leader in semiconductor and software design, is eyeing the acquisition to expand its footprint in the Internet of Things (IoT). IoT is at the forefront of ARM's long-term strategy - in June, it completed the acquisition of leading technology connectivity management provider Stream Technologies and by 2035 it hopes to operate a trillion connected devices around the world. ARM was sold to SoftBank in 2016 for a reported $32bn, a purchase funded by SoftBank's Vision Fund which delivers investment for startups in advanced technologies such as artificial intelligence, driverless cars, robotics and ride sharing, as well as IoT. Treasure Data operates cloud services tailored to Big Data collection, storage and analysis and already works with a number of major IoT companies.
IBM (NYSE: IBM) has announced that several new European clients have selected IBM Watson Internet of Things (IoT) technologies, the company said. New contracts signed with Spanish electricity grid operator Red ElÃ ctrica de EspaÃ a, Italian elderly care provider Cooperativa Sole, Dutch telecommunications operator Tele2 and Israeli manufacturer of smart air conditioning Electra Group are examples of IBM s commitment to transforming business and improving operations with the power of Artificial Intelligence (AI)-enabled, IBM Cloud-based Internet of Things (IoT) technologies. Red ElÃ ctrica de EspaÃ a (http://www.ree.es/en), the sole transmission agent and operator of the national electricity system in Spain has selected IBM Watson IoT technologies as part of its Intelligent Asset Management initiative project. Israel s manufacturer and distributor of consumer goods, is collaborating with IBM to create smart air conditioning solutions, which incorporate Watson IoT technology.
Microsoft is making another huge play, but this time it's in the world of IoT (Internet of Things) and AI (artificial intelligence). Microsoft Azure, the company's cloud computing service, is making a huge splash into the fast-growing IoT enterprise. In getting into IoT space, the Redmond-based company [VIDEO] has teamed with C3, a Silicon Valley-based IoT company. The two tech companies plan to work on technologies to help enterprise customers accelerate their IoT and AI development, according to SDX Central. Reports by SDX Central and Business Wire presented most of the information used in this article.
DXWorldEXPO LLC announced today that Chris Matthieu has been named the Tech Chair of "Smart Cities IoT IIoT" track of CloudEXPO's 10-Year Anniversary Event which will take place on November 12-13, 2018 in New York City. Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and the founder of Teleku, a communications-as-a-service cloud platform which was acquired by Voxeo.
Google parent company Alphabet reported first quarter earnings for 2018 today, beating Wall Street estimates on sales and profit thanks in large part to its mammoth search advertising machine that continues to grow year after year. But one interesting highlight from the earnings announcement was just how much money the company's smart home company Nest earns in revenue and reports in losses. Because Nest was rolled back into Google proper earlier this year, Alphabet recast its quarterly earnings figures for 2017 to account for the fact that Nest revenues and losses would be moved from the "Other Bets" section of Alphabet's business to the standard Google revenue line item. Comparing the differences in quarterly revenues and operating income, we can see that Nest made about $726 million in revenue, yet it ultimately contributed a $621 million loss to the "Other Bets" section throughout the year. In other words, Google spent more than half a billion dollars last year to establish Nest in sectors like security cameras, alarm systems, and video doorbells.
Smart Home Telematics company positions itself to pursue the growing interest among forward-thinking insurance carriers for data-driven insights and customer engagement. VANCOUVER, BC AND NEW YORK CITY, NY – 04-25-2018 (Press Release Jet) -- Plasmatic Technologies (Plasmatic) is pleased to announce the addition of Mike Moen to its advisory team, where he will assist the company as it caters to the tremendous need for innovation in Property and Casualty Insurance. David Sussman, Chief Executive Officer of Plasmatic stated: "We are very excited to enlist Mr. Moen's industry knowledge, deep relationships, and track record in analytics-based businesses. Mike's strong collaboration with our leadership team has already helped validate the appeal of our solutions with decision makers at top insurance carriers and Insurtech scouts in some of the more prominent industry hubs". With over 20 years of experience as an entrepreneur and business executive, the enlistment of Plasmatic's latest advisor is a sign of definitive momentum in the sector, where device-driven insights and mobile experiences are poised to help insurance providers deliver more personalized services and augment their policyholders relationships.
The Intel event, which is expected to be attended by approximately 2500 channel partners, has Dell EMC as one of its premier sponsors, a key technology partner with which V5 Systems has already implemented a number of turnkey IoT security solutions in the outdoors. The upshot of the event is for attendees to gain insights from Intel innovators and industry visionaries on how the IoT, along with artificial intelligence, virtual reality, the Cloud and other leading-edge technology applications, is contributing to the digital transformation of businesses. The event enables participants to accelerate their partnerships and identify new opportunities for profitability. V5 Systems has been invited to present its technology at the event because it has already established its leadership position in the Industrial IoT by implementing numerous real-world solutions. At Intel Partner Connect, V5 Systems, Intel and Dell EMC are changing the security space through technology and innovation.
LAS VEGAS, NV – MARCH 8, 2018 – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Samsung Electronics Co. Ltd. today announced plans for a strategic partnership to connect Samsung's ARTIK Smart IoT Platform to the Philips HealthSuite Digital Platform. This collaboration will ultimately allow the Samsung ARTIK ecosystem of connected devices to safely access and share information with Philips' cloud platform. Healthcare application developers will be able to realize interoperable connected health solutions using integrated data sets and innovative HealthSuite services such as advanced health analytics. "This collaboration will enable healthcare application developers to focus on the development of innovative applications rather than on the technical integration of devices," said Dale Wiggins, General Manager Philips HealthSuite Digital Platform at Philips. "By strengthening our HealthSuite ecosystem with Samsung ARTIK, we will be taking another important step in breaking down the silos in today's healthcare domain to create a trusted and seamless care experience for both consumers and care professionals."
Last year the average American spent more than 290 hours behind the wheel of a car – that's roughly equivalent to seven 40-hour weeks – according to a report published by the AAA Foundation. When you expand that globally, the amount of time we spend driving is staggering. That's why automakers like Renault-Nissan, Volvo, BMW and Toyota are embracing the Internet of Things (IoT) to provide new ways to help drivers stay safe, connected and productive during their time on the road.
In today's Microsoft second quarter earnings call, CEO Satya Nadella showcased how customers are using our technology to create digital business solutions. The 56 percent year-over-year growth in commercial cloud revenue -- with broad-based growth across geographic markets and industry segments -- is fueled by customer and partner success.