The
#AIEye: Intel (Nasdaq: $INTC) Partners with Olympics Committee, Organizers to
Drive Tokyo 2020 with Advanced Tech and IBM (NYSE: $IBM) Collaborating with
ŠKODA AUTO University
Global
Citizens Services #AI Market to Reach $14.3 Billion by 2026
Point Roberts WA, Vancouver BC – September 11,
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: (NasdaqGS:INTC) (NYSE:IBM)
Intel Corporation (NasdaqGS:INTC) is partnering with the International Olympic
Committee (IOC), the Tokyo Organizing Committee of the Olympic Games (Tokyo
2020) and others to drive the future of the Olympic Games Tokyo 2020 with its
technology. One example that leverages AI technology is 3D Athlete Tracking
(3DAT), which the press release explains as:
“…a
first-of-its-kind computer vision solution using artificial intelligence to
enhance the viewing experience for Olympic fans with near real-time insights
and overlay visualizations during athletic events. Developed by Intel and
hosted on Intel-based data centers in Alibaba’s cloud infrastructure, 3DAT, in
partnership with Olympic Broadcast Services (OBS), uses four pan-tilt mounted,
highly mobile cameras to capture the form and motion of athletes, then apply
pose estimation algorithms, optimized for Intel® Xeon® processors, to analyze
the biomechanics of athletes’ movements. The system transforms that data into
broadcast overlay visualizations available during replays of the 100M and other
sprinting events.”
IBM (NYSE:IBM) has signed an agreement of collaboration with ŠKODA
AUTO University which will provide the latter’s students with academic courses
in new areas including artificial intelligence, Big Data and high performance
computing across a broad range of programs. Zuzana Kocmanikova, CGM IBM Czech Republic, explained:
"Under
the agreement IBM teams will help develop new technical skills for students of
this private college. Our mission is to enable students to graduate with direct
hands-on experience of 'industrial strength' tools that will help them in their
chosen career. Technology, including AI, is now embedded in every industry, and
college students will need to constantly evolve and adapt for their future
careers as new types of jobs are created.”
Global
Citizens Services AI Market to Reach $14.3 Billion by 2026
A report from 4ARC Research finds that global Citizen
Services AI market will grow from approximately $1 billion in 2018 to $14.3
billion in 2026 with a compound annual growth rate (CAGR) of 46.4 percent in
the forecast period 2019-2026. An excerpt from the report summary reads:
Growing
demand of IT infrastructure in government departments and need of automation
process is expected to drive the market growth. IT modernization helps in
managing or replacing aging hardware and software solutions with more automated
and innovative solutions. For instance, as per govloop Government of [the]
United States has planned to invest 78 percent of USD 82 billion federal IT
spending on IT infrastructure. Furthermore, Specifically, 5,233 of the
government’s approximately 7,000 IT investments had spent on all O&M
activities. Such spending has increased over the last 7 years. Thus, rising IT
infrastructure for advancing and modernizing manual process is expected to
drive the market growth.
Sam Mowers,
Investorideas.com
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