The
#AIEye: IBM (NYSE: $IBM) Combats Human Trafficking with Traffik Analysis Hub,
US Bank (NYSE: $USB) Hires #AI Lead and FICO (NYSE: $FICO) Adds New Product
Families to Fight Fraud
Global
Military #AI and #Cybernetics Market to Reach $13.11 Billion by 2024
Point Roberts WA, Vancouver BC – November 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: (NYSE:IBM) (NYSE:USB) (NYSE:COF) (NYSE:FICO)
IBM (NYSE:IBM) is combating human trafficking with its Watson
Discovery, Natutal Language Processing, and public cloud technology. The firm
has co-created a new technology resource called Traffik Analysis Hub (TA Hub),
which “enables authorized organizations, such as financial service companies,
NGOs and law enforcement agencies, to collaborate systematically, on a
continuous basis”. Guillermo Miranda, Global Head of IBM Corporate Social
Responsibility, commented:
"We're
optimistic that technologies such as AI can be an important part of improving
the lives of so many people. What's also key here is the collaboration of
public, private and not-for-profit sectors -- addressing the issue together.
They're telling us that the shared knowledge and intelligence from the Traffik
Analysis Hub will enable them to make real progress in addressing human
trafficking."
U.S. Bancorp (NYSE:USB)
has hired Dr. Tanushree Luke to lead Artificial
Intelligence (AI) efforts at the company. Luke had previously served as the
Head of Predictive AI and Machine Learning for Capital One’s (NYSE:COF) Conversational AI Platform/Eno.
Dominic Venturo, chief innovation officer at U.S. Bank., said:
“Tanu
has been a respected thought leader for more than 15 years in cutting-edge
technology domains. She has the right experience, a dynamic combination of
strategic vision and technical acumen, and a deep understanding of underlying
trends that will help U.S. Bank deliver tremendous value and insight for our
customers and employees.”
Fair Isaac Corporation (NYSE:FICO)
is adding FICO® Identity Proofing and FICO® User
Authentication to its portfolio, along with the acquisition of fraud prevention
firm EZMCOM. According to the press release, FICO Identity Proofing “allows
organizations to digitally onboard new customers without requiring in-person
verification”, and FICO User Authentication is “a comprehensive suite of
capabilities including multifactor, biometric, and behavioral authentication”.
These new product families leverage AI and machine learning to combat fraud.
Global
Military AI and Cybernetics Market to Reach $13.11 Billion by 2024
A report from BIS Research finds
that the global Military AI and Cybernetics market will grow from a revenue of
$4.77 billion in 2018 to $13.11 billion in 2024 with a compound annual growth
rate (CAGR) of 18.66 percent in the forecast period. An excerpt from the
report’s press release reads:
The
increasing demand for modern defense systems, data handling techniques, and
fabrication of complex problems with time such as terrorism, trespassing,
sleeper-cells, etc. are some of the factors due to which various countries are
investing for upgrading the current military technologies with artificial
intelligence.
The
market is currently witnessing a high growth rate owing to the rising demand of
AI for developing military equipment for various platforms such as land, air,
naval, and space. The acceptance of artificial intelligence across defense and
security for various applications is largely due to its operational superiority
in harsh environment. Additionally, the growing awareness of artificial
intelligence for the defense forces in the emerging economies, such as China,
India, and Russia, has propelled the growth of military artificial intelligence
and cybernetics market, globally.
Sam
Mowers, Investorideas.com
For a list of
artificial intelligence stocks on Investorideas.com visit
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