Broadcom is no longer pursuing plans to buy Qualcomm after Trump issued an executive order blocking the $117 billion takeover proposal over fears the deal would "impair the national security of the United States." "Although we are disappointed with this outcome, Broadcom will comply with the Order," the Singapore-based company that's currently in the process of redomiciling to the U.S., said in a press release on Wednesday. Broadcom has been under investigation by the Committee on Foreign Investment in the United States (CFIUS) over concerns the company's buyout of Qualcomm could stifle the chipmaker's development of 5G technologies. Qualcomm is currently one of the largest U.S.-based tech companies investing in research and development of 5G. Had Broadcom purchased it, CFIUS says the acquisition could have led to the U.S. falling behind and China leaping ahead in the race to influence the infrastructure that will connect everything from phones to a network of self-driving cars.
Google is not only applying machine learning across its products, but also encouraging other developers to adopt it in third-party services and other use cases. It has now emerged that one of the latter examples is for drones from the U.S. government. Gizmodo this morning reported on a Google partnership last year with the U.S. Department of Defense to improve the latter organization's adoption of machine learning. The DoD's Project Maven is tasked with identifying objects in drone footage. Google supplied the military with TensorFlow APIs, which it notes in a statement are open source.
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.
RESTON, Va.--(BUSINESS WIRE)--NCI, Inc., a leading provider of information technology and professional services and solutions to U.S. Federal Government agencies, today announced Brad Mascho has joined the company as chief artificial intelligence officer (CAIO). In this role, he is responsible for leading a new corporate division focused around artificial intelligence (AI) initiatives and strategy to accelerate, automate and augment repeatable processes for NCI's customers, quickly turning data into actionable intelligence.
The holidays were good to Google's parent company, Alphabet, because of hardware products like Google Home, an Alexa competitor, execs said during a fourth-quarter earnings call Thursday. During the call, Ruth Porat, CFO of Alphabet, and Google CEO Sundar Pichai boasted that revenue was up 24 percent to $32.3 billion for the final quarter. However, Google's per-share earnings still fell below Wall Street expectations, partially because of a new tax on foreign assets that hit Google like a $9.9 billion brick. Pichai praised the voice-enabled Google Assistant for bringing the company's machine learning goals to more people. "We've been laying a foundation for an AI-first company," he said.
The "Industrial Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor), and Software (Deep Learning, and Application Specific)), Product (PC-based, and Smart Camera-based), Application, End-User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The overall industrial machine vision market was valued at USD 7.91 Billion in 2017 and is expected to reach USD 12.29 Billion by 2023, at a CAGR of 7.61% between 2017 and 2023. This is because of the increasing need for quality inspection and automation, growing demand for AI and IoT integrated machine vision system, increasing adoption of Industrial 4.0, development of new connected technologies, and government initiatives to support smart factories, among others. Governments of different countries worldwide are encouraging investments in manufacturing, which is necessitating the use of various automation products for structural development. Software component is expected to grow at the highest rate between 2017 and 2023.
A revolution, it is said, is not an apple that simply falls when it is ripe. You have to make it drop. As AI moves beyond proof-of-concept and sandbox implementation, businesses are looking to recruit top machine learning talent, cultivate AI skills across their workforce, and begin to use this amazing set of technologies for incredible outcomes in 2018. There's still not enough AI experts out there to make this a reality – and a huge AI skills gap is opening up as a result.