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Thursday, April 9, 2020

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

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  – (, 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) (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,

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