The
#AIEye: Gopher (OTCQB: $GOPH) Implements Machine Learning in #Avant! #AI to
Promote Recognition and Analysis Capabilities, Nuance (Nasdaq: $NUAN) Partners
with Banma
Canada’s
Radical Ventures Launches $350 Million USD #AI Fund
Point Roberts WA, Vancouver BC – May 7, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTCQB:GOPH) (NYSE:HPE) (Nasdaq:NUAN)
Gopher Protocol Inc. (OTCQB:GOPH) has announced that it is integrating machine
learning methods in its Avant! AI to allow advanced classification and problem
solving, which will enable recognition and analysis of user’s intent and
sentiment. Information will be collected through Natural Language Processing
(NLP) or textual analysis. Dr. Danny Rittman, Gopher’s CTO, said:
"We
are now implementing new methods and algorithms in order to create a flexible
architecture that understands and analyzes problems to execute accurate and
quick solutions. Machine learning is a complex discipline so we developed
out-of-the-box concepts and methodologies in order to create architecture for
vast data acquisition, training, predictions and solutions. Our ML contains
advanced numerical computation modules to handle classifications, image
recognition, and word segmentations. Our dataflow structures nodes through
graphs, and executing series of mathematical operations. The end result is an
efficient, accurate data processing and analytics to achieve real-time
response. We target these type of algorithms to be key blocks for smart
applications like autonomous machines, robotics, expert agents and more."
Hewlett Packard (NYSE:HPE) is integrating its BlueData platform with its Apollo
Systems and Pointnext Services to yield a powerful AI solution for data-driven
business innovation. Milan Shetti, SVP and General Manager, HPE Storage,
explained the advantages of this integration:
“To
stay a step ahead of the competition, enterprise organizations in every
industry are embarking on AI-enabled and data-driven digital transformation
initiatives. Together, HPE and BlueData will make it easier, faster, and more
cost-effective for these customers to deploy distributed AI, machine learning,
and analytics – whether on-premises, in the public cloud, or in a hybrid
architecture. It’s a game-changer.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has partnered with internet vehicle platform Banma
to bring the former’s conversational AI-powered speech recognition to the Banma
MARS V3.0, an infotainment platform for connected cars. Stefan Ortmanns,
executive vice president and general manager, Nuance Automotive, said:
“We’re
excited about our growing relationship with Banma and our growth together to
bring a unique user experience to drivers in China. Banma MARS V3.0 marks not just
deep cooperation on a voice-powered interface for the car, but a mutual
commitment to together building the future of the in-car assistant, with
enhanced performance and new features and content that differentiate these cars
from the competition.”
Canada’s
Radical Ventures Launches $350 Million USD AI Fund
Stocks
discussed: (NYSE:TD) (TSX:TD)
BNN Bloomberg reports that investment
firm Radical Ventures has launched an AI-focused fund today worth $350 million
USD. The fund is being backed by the likes of TD Bank (NYSE:TD) (TSX:TD) and the Canada Pension Plan Investment
Board. Jordan Jacobs, managing director of Radical Ventures, said the current
AI landscape in Canada would see a pullback due to the presence of ‘pretenders’:
“There’s
been a tremendous amount of hype and it’s caused a flood of funds to come in
and invest in companies that are not really AI companies. Ultimately, you’re
going to see bit of a pullback over the next little while … of the pretenders. Those
who came in because of the hype will drop out as those companies can’t raise
the next round.”
Bloomberg Markets Amanda Lang:
Canada is a tech innovator, but we're still behind in turning research into
products
Sam Mowers, Investorideas.com
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