The
#AIEye Episode 328: IBM (NYSE: $IBM) Services Selected by Prysmian for
Infrastructure Acceleration, Intel (NasdaqGS: $INTC) and Georgia Tech Selected
by #DARPA for GARD Program
Global
#AI in Oil & Gas Market to Reach $3.81 Billion by 2025
Point Roberts WA, Vancouver BC – April 9, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/04091AIEye-IBM-INTC-GeorgiaTech.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (OTCPINK:PRYMY) (NasdaqGS:INTC)
Energy and telecom cable systems leader Prysmian Group
(OTCPINK:PRYMY) has selected IBM Services (NYSE:IBM) “to help expand and manage its
global technological infrastructure.” This initiative will see Prysmian migrate
its SAP workloads to IBM Cloud and leverage AI, IoT and human augmentation
technologies. Stefano Rebattoni, Vice President Enterprise Sales of IBM Italy, said:
"IBM
is pleased to help facilitate the next step forward in support of Prysmian's
business, which has always been committed to providing its customers with
products and services with a high level of innovation. The adoption of IBM
Cloud will help support a solid digital transformation path towards continuous
improvement of service quality and operational efficiency".
Intel Corporation (NasdaqGS:INTC)
and the Georgia Institute of Technology (Georgia Tech) have been selected to lead a Guaranteeing Artificial
Intelligence (AI) Robustness against Deception (GARD) program team for the
Defense Advanced Research Projects Agency (DARPA). Jason Martin, principal
engineer at Intel Labs, explained the project:
"Intel
and Georgia Tech are working together to advance the ecosystem’s collective
understanding of and ability to mitigate against AI and ML vulnerabilities.
Through innovative research in coherence techniques, we are collaborating on an
approach to enhance object detection and to improve the ability for AI and ML
to respond to adversarial attacks."
Global
AI in Oil & Gas Market to Reach $3.81 Billion by 2025
A report from Mordor Intelligence finds that the global AI
in Oil & Gas market will grow from $2 billion in 2019 to $3.81 billion in
2025 with a compound annual growth rate (CAGR) of 10.96 percent in the forecast
period. An excerpt from the report overview outlines some key drivers in the
market:
●
Organizations
across the world are trying to make the exploration and the production
processes more efficient and optimized. The operations in this field are the
major factors that are driving the usage of AI in oil and gas companies. The AI
tools can help oil and gas companies in digitizing records and can automate the
analysis of the gathered geological data and charts, which can lead to
potential identification of issues, such as pipeline corrosion or increased
equipment usage.
●
Oil
and gas companies can potentially gain crucial insights to improve their
business outcomes in their upstream processes with the integration of AI
software. This process would involve the feeding of curated data records and
information from data sources to the software that could include structured
documents, PDFs, handwritten notes, audio, or video files.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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