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) …
TEL AVIV, Israel--(BUSINESS WIRE)--Earnix Ltd, a leading provider of predictive analytics solutions for the financial services industry, today announced the introduction of its Integrated Machine Learning technology, as an enhancement to the existing insurance software suite. This new capability is designed for demanding, high-performance real-time enterprise production systems, and will deliver a new level of market responsiveness and analytical sophistication to insurers. Several Earnix insurance clients have been using an early version of the technology and have seen significant improvements in their results. Analytics has become an arms race, as insurers around the globe seek to become more data-driven by operationalising real-time analytics and monetising new forms of data such as telematics and the Internet of Things (IoT). The addition of Integrated Machine Learning to the Earnix software suite enables users to excel in this environment, producing better and more accurate insights at speeds that only machine learning algorithms can produce.
The British chip design firm ARM came up with the processors used in virtually all the world's smartphones. Now it plans to add the hardware that will let them run artificial-intelligence algorithms, too. ARM announced today that it has created its first dedicated machine-learning chips, which are meant for use in mobile and smart-home devices. The company says it's sharing the plans with its hardware partners, including smartphone chipmaker Qualcomm, and expects to see devices packing the hardware by early 2019. Currently, most small or portable devices that use machine learning lack the horsepower to run AI algorithms, so they enlist the help of big servers in the cloud.
The artificial intelligence market is expected to reach USD 190.61 billion by 2025 from USD 21.46 billion in 2018, at a CAGR of 36.62%. The market growth can be attributed to factors such as growing big data, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants. The limited number of AI technology experts is restraining the market growth to a certain extent Software to hold largest market share during forecast period Software is expected to hold the largest share of the artificial intelligence market. Continuous developments have been witnessed in AI software and related software development kits. Also, artificial intelligence software is used in various applications, such as virtual assistants, marketing, search advertising, identity access management, intruder detection, and cybersecurity Market for computer vision technology to grow at highest CAGR during forecast period The artificial intelligence market for computer vision technology is expected to grow at the highest CAGR during the forecast period.
According to the latest market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", published by MarketsandMarkets, the market is expected to grow from USD 21.46 Billion in 2018 to USD 190.61 Billion by 2025, at a CAGR of 36.62% between 2018 and 2025. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts.
It is no coincidence that Bill McDermott, CEO of German software colossus SAP, was invited by the government of Dubai to be a keynote speaker at the World Government Summit. McDermott will share the podium with world leaders, the president of the World Bank, the managing director of the IMF, the quantum physicist/futurist Dr Michio Kaku and the Oxford philosopher Dr Nick Bostrom. Digital transformation is happening in real-time in the UAE, as well as in advanced societies all over the world. Artificial intelligence, robotics, machine learning, big data, quantum computing and the Internet of Things will literally rewrite the future of humankind in code and revolutionise the roles of government, business and human communications.
Edmonton, Alberta, Feb. 07, 2018 (GLOBE NEWSWIRE) -- OneSoft Solutions Inc. (the --Company-- or --OneSoft--) (TSX-V:OSS, OTC:OSSIF)--is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (--OneBridge--), has entered into a Pilot Program agreement with another U.S.-based, Fortune 500 natural gas, oil and petrochemical company (the --Client--). The Client, whose operations include natural gas gathering, treating, processing, transportation and storage, primarily in the United States, will evaluate OneBridge--s Cognitive Integrity ManagementTM (--CIM--) SaaS solution.
Crude oil prices hit record highs back in 2008, reaching upwards of $150 per barrel, boosting production and inspiring a gold rush amongst investors who banked on the trajectory of a perceivably promising industry. Yet, the reality plaguing global powerhouses like Exxon Mobil, Shell and BP proved the exact opposite.