Companies Using Artificial Intelligence Technology for
Niche Markets and Specific Applications; Key to Success
Companies
Mentioned: Gopher Protocol (OTCQB: $GOPH), Fortinet
(NASDAQ:FTNT), Netflix, Inc. (NFLX), PayPal
Holdings, Inc. (PYPL)
Point Roberts, WA – March
13, 2018 – Investorideas.com (www.investorideas.com), a global news source covering technology, including Artificial
Intelligence (AI) issues a report on
the sector and some of the publicly traded companies making headlines.
Companies mentioned
include: Gopher Protocol Inc. (OTCQB: GOPH), Fortinet (NASDAQ:FTNT), Netflix, Inc. (NFLX) and PayPal Holdings, Inc. (PYPL).
Read this news in full at http://www.investorideas.com/news/2018/artificial-intelligence/03131Stocks-NicheMarkets.asp
According to new data from
ResearchAndMarkets.com just last week, “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% during the forecast period.”
Artificial intelligence
and machine learning is finding its way into new companies and applications at
a rapid pace. David Cearley, V.P. and Gartner Fellow, talking about the Gartner
Top 10 Strategic Technology Trends for 2018, said “Artificial Intelligence is
the number one trend to watch.”
“The ability to use AI to enhance decision making, reinvent
business models and ecosystems, and remake the customer experience will drive
the payoff for digital initiatives through 2025.
Given the steady increase in inquiry calls, it’s clear that
interest is growing. A recent Gartner survey showed that 59% of organizations
are still gathering information to build their AI strategies, while the
remainder have already made progress in piloting or adopting AI solutions.
Although using AI correctly will result in a big digital
business payoff, the promise (and pitfalls) of general AI where systems
magically perform any intellectual task that a human can do and dynamically
learn much as humans do is speculative at best. Narrow AI, consisting of highly
scoped machine-learning solutions that target a specific task (such as
understanding language or driving a vehicle in a controlled environment) with
algorithms chosen that are optimized for that task, is where the action is
today. “Enterprises should focus on business results enabled by applications
that exploit narrow AI technologies and leave general AI to the researchers and
science fiction writers,” said
Cearley.
One company doing just
that, focusing and applying AI technology for specific business results, is Gopher Protocol Inc. (OTCQB: GOPH). Gopher Protocol has developed a
system that is capable of self-learning and self-adapting, naming it Avant! The
company is using AI technology in its core technology, a tracking device that
has multiple applications including a pet tracking technology http://www.guardianpettracker.com/.
Gopher
also announced it has implemented Avant! within its recent research for
autonomous driving. https://finance.yahoo.com/news/gopher-reports-r-d-efforts-120000590.html
Dr. Danny Rittman,
Gopher’s CTO, who’s background includes a long history in machine learning and AI
said about his company’s technology, ”Our software is an integral part (brain)
of our overall systems. Our chipset and supporting software are constantly
working together within an entire family of software based on artificial
intelligence algorithms.”
Another company, Fortinet
(NASDAQ:FTNT), known for its security and cybersecurity expertise
recently announced Accelerate 18, the next generation of threat intelligence
and detection with the release of FortiGuard AI. FortiGuard AI is built into
Fortinet's threat intelligence services platform and delivers automated threat
analysis and detection to ensure customer Security Fabric solutions are
continually updated to protect against the latest threats across a rapidly
expanding threat landscape.
Phil Quade, Chief Information
Security Officer at Fortinet (NASDAQ:FTNT), said in their press release, "Increasingly,
cybercriminals and adversarial nations leverage automated and polymorphic
techniques to increase the speed and scale of their malicious activity, while
evading detection by creating hundreds of zero-day variants and resulting in
overwhelmed defenders. Enterprises need a way to address such techniques and
increase the attackers' costs while reducing their own operating expenses.
Fortinet Labs' five-year investment in automated analysis and detection of polymorphic
threats has resulted in FortiGuard AI, a giant leap towards achieving that
goal. FortiGuard AI analyzes and identifies threats with speed, agility, and
accuracy to provide proactive threat detection at machine speed and scale. This
frees threat analysts and network operators to focus on critical threat
research and higher-order problems, reduces exposure to zero-day attacks, and
minimizes the risk to Fortinet customers while increasing the attacker's
costs."
One company the average
investor would not think of as an Artificial Intelligence company is entertainment
giant, Netflix, Inc. (NFLX). TheStreet's founder and Action Alerts PLUS Portfolio
Manager Jim Cramer said, “which reported another quarter of better than
expected subscriber growth, is all about artificial intelligence”. He said “at
Netflix, what you’re watching is what you asked for, all based on AI.” https://www.thestreet.com/video/14459256/jim-cramer-netflix-is-all-about-artificial-intelligence.html
PayPal Holdings, Inc. (PYPL) is yet another stock using AI to prepare the company for
the next revolution and evolution in financial services. In a recent interview
in Livemint.com PayPal CTO Sri Shivananda said “While 2017 was definitely a breakthrough year
in terms of emerging technologies, 2018 is going to be all about how these
technologies will disrupt this space for a more sophisticated, secure and
trusted payments process.
Emerging technologies such
as blockchain and AI, among others, are transforming the industry—with mobile
phones, digital assistants and connected devices deriving patterns from our
usage and making intelligent suggestions, and automating processes for
compliance. We are moving to an era where “ambient intelligence” no longer
provokes amazement from the users and has become an expectation.“
Investorideas.com has created a directory
of publicly traded AI, IoT stocks
for investors following the sector. To learn more visit: http://www.investorideas.com/membership/
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Gopher Protocol, Inc. (OTCQB:
GOPH) is a featured tech stock on Investorideas.com
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