The
#AIEye Episode 399: AWS (NasdaqGS: $AMZN) Makes Fraud Detector Generally
Available and HPE (NYSE: $HPE) Chosen to Power Edinburgh International Data
Facility
Global
AI Market to Reach $266.92 Billion by 2027
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https://www.investorideas.com/Audio/Podcasts/2020/072920-AI-Eye.mp3
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this in full at https://www.investorideas.com/news/2020/artificial-intelligence/07291AIEye-AMZN-HPE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (NYSE:HPE)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN),
has announced the general availability of Amazon
Fraud Detector, described in the press release as “a fully managed service that
makes it easy to quickly identify potentially fraudulent online activities like
online payment and identity fraud,” which leverages machine learning. Swami
Sivasubramanian, Vice President, Amazon Machine Learning, AWS, explained:
"Customers
of all sizes and across all industries have told us they spend a lot of time
and effort trying to decrease the amount of fraud occurring on their websites
and applications. By leveraging 20 years of experience detecting fraud coupled
with powerful machine learning technology, we’re excited to bring customers
Amazon Fraud Detector so they can automatically detect potential fraud, save
time and money, and improve customer experiences—with no machine learning
experience required."
Hewlett Packard Enterprise Company (NYSE:HPE)
has been chosen to power the Edinburgh International Data
Facility (EIDF), where, according to the press release, it will deliver “an
end-to-end infrastructure featuring its industry-leading high-performance
computing (HPC) and artificial intelligence (AI) solutions powered by HPE
Apollo Systems and HPE Superdome Flex Servers, as well as HPE Ezmeral Container
Platform software capabilities.” Lee Rand, Director of high-performance
computing and artificial intelligence at HPE EMEA, explained:
"We
were chosen due to the flexibility and reliability offered through our
end-to-end solutions portfolio, and because we were one of the very few
organizations able to seamlessly combine all of the Edinburgh International
Data Facility’s requirements into a single framework. In the data-centric era
deriving insights and value from across multiple datasets will be a key to
success for business and government alike. We look forward to boosting the UK’s
capacity for data-driven innovation through this initiative."
Global
AI Market to Reach $266.92 Billion by 2027
A report from Fortune Business Insights finds that the global AI
market will grow from $27.23 billion in 2019 to $266.92 billion by 2027 with a
compound annual growth rate (CAGR) of 33.2 percent in the forecast period
2020-2027. An excerpt from the report summary outlines key drivers observed in
the market:
The
rising number of connected devices and growing adoption of Internet of Things
(IoT) are driving the market growth. Proliferation of cloud-based applications
across healthcare, retail, manufacturing, and Banking, Financial Services,
& Insurance (BFSI) industries and growing sophistication of cyber-attacks
are providing new opportunities for the expansion of the artificial
intelligence market. For instance, the usage of machine learning (ML) in
accurately detecting cancer cells is likely to boost its demand in the
healthcare industry.
Sam Mowers, Investorideas.com
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