The
#AIEye: Accenture (NYSE: $ACN) Acquires VanBerlo and Tautachrome (OTC: $TTCM)
Integrates Google (NasdaqGS: $GOOG)TensorFlow #AI in ARknet App Release
European
Commission Releases White Paper Outlining Investment Goals for AI
Point Roberts WA, Vancouver BC – February 19, 2020 – 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:ACN) (OTC:TTCM) (NasdaqGS:GOOG)
Accenture (NYSE:ACN)
has acquired Netherlands-based product design and innovation agency VanBerlo, a
move which, according to the press release, “will strengthen
Accenture’s capabilities to help clients benefit from the merging of physical
products and digital services.” VanBerlo’s “smart connected solutions combine
physical objects with digital services, using technologies like internet of
things sensors, artificial intelligence and data analytics.” Frank Rennings,
managing director and Accenture Digital Lead in the Netherlands, said:
"The
number of smart connected products is increasing rapidly and the speed of
digitization is challenging our clients’ design and development processes. Both
call for a new approach to innovation. Bringing VanBerlo’s creative team into
our Industry X.0 practice will enable us to help our clients develop new
business models and generate new revenues from smart connected products and
services."
Tautachrome, Inc. (OTC:TTCM)
has announced the inclusion of Google's (NasdaqGS:GOOG) TensorFlow artificial
intelligence (AI) for image classification in the 1.3.4 release of the former’s
ARknet social media app. According to the official website, “ARknet is a global
geolocated augmented reality network,” that “connects humanity through social
sharing, commerce and information.” With this new release, ARknet will be able
to classify incoming images utilizing TensorFlow, allowing it “to crowdsource
its user base for machine learning purposes.” Jon N Leonard, CEO of
Tautachrome, Inc. explained:
"Machine
learning technologies using recent advances in what is known as ‘deep learning
convolutional neural networks' have become enormously powerful, solving long
standing problems in computer vision, speech recognition, biometrics, natural
language processing, and many other arenas of human-like performance. These
deep learning technologies are being deployed on a large scale by Microsoft,
Google and Facebook, and are being made generally available through powerful
tools such as TensorFlow. We are fortunate to have these tools available to us
and a fabulous ARknet team to able deploy them in our ARknet 1.3.4
release."
European
Commission Releases White Paper Outlining Investment Goals for AI
Today the European Union’s (EU) executive branch, the
European Commission, released a White Paper titled: On Artificial Intelligence - A European approach to excellence and
trust. The paper opens with the following overture:
Artificial
Intelligence is developing fast. It will change our lives by improving
healthcare (e.g. making diagnosis more precise, enabling better prevention of
diseases), increasing the efficiency of farming,contributing to climate change
mitigation and adaptation, improving the efficiency of production systems
through predictive maintenance, increasing the security of Europeans, and in
many other ways that we can only begin to imagine.
After emphasizing the growing importance of AI
investment, the paper concedes the EU’s own shortcomings in comparison to other
regions:
“Some
€3.2 billion were invested in AI in Europe in 2016, compared to around €12.1
billion in North America and €6.5 billion in Asia. In response, Europe needs to
increase its investment levels significantly.”
In response to this admitted lag, the European
Commission aims “to attract over €20 billion of total investment in the EU per
year in AI over the next decade.” Additionally, the European Commission “has
proposed more than €4 billion under the Digital Europe Programmeto support
high-performance and quantum computing,including edge computing and AI,data and
cloud infrastructure. The European Data strategy develops these priorities
further.”
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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