AI Clouds: Lego blocking cloud based services with developer kits, large general purpose AI companies are enabling developers to deploy algorithms via SDKs within their cloud hosted platforms. From Microsoft Azure AI platform all the way to Amazon's AWS AI Offerings, these organizations provide pre-trained models, GPUs and storage that are necessary for more effective continuous deployment, testing and quality assurance (QA). AI Languages: Beyond software applications to onboard users onto AI platforms, companies are standardizing new languages to familiarize developers to continually build using their libraries. Uber's AI Labs, for example, released their own probabilistic python offshoot programming language, Pyro. Wit.ai is another language for developers to build cross device applications.

Wells Fargo -- The bank will eliminate product sales goals for retail bankers and strengthen oversight, controls, and training. Wells Fargo will be the subject of a Senate Banking Committee hearing into its sales practices, after the bank settled a case with regulators by paying a 185 million penalty. The panel wants to question CEO John Stumpf about the practices that led to the case. UnitedHealth Group -- The health insurer's Optum unit and Quest Diagnostics formed a partnership aimed at reducing billing complexity, as well as providing more transparency into health care costs. Separately, UnitedHealth was rated as a "top pick" at Jefferies because of attractive valuation and a best-in-class management team.

Apple -- The tech giant will not aid the GOP presidential convention, citing presumptive nominee Donald Trump's comments on immigrants, minorities, and women, according to Politico. Anthem, Cigna -- The 44 billion merger between the two firms has raised antitrust concerns with U.S. regulators, according to The Wall Street Journal. Both companies have scheduled meetings this week with top U.S. Department of Justice officials, the Journal reported, citing people familiar with the matter. Toyota Motor --The Japanese automaker is working on developing artificial-intelligence-based driving systems in five years, said Gil Pratt, the head of Toyota's advanced research division. Federal-Mogul -- Icahn Enterprises raised its offer to buy the manufacturing firm to 8 a share from a previous offer, made Friday, of 7 a share.

In the early 1990s, executives and managers welcomed information technology -- databases, PC workstations, and automated systems -- into their offices. They saw the potential for significant business gains. Computers wouldn't just speed up processes or automate certain tasks -- they could upset nearly all business processes and allow executives to rethink operations from the ground up. And so the reengineering movement was born. Powerful machine-learning algorithms that adapt through experience and evolve in intelligence with exposure to data are driving changes in businesses that would have been impossible to imagine just five years ago.