#AIEye
Episode 422: IBM (NYSE: $IBM) Partners with USTA for #AI Digital Fan
Experiences and KT Corporation (NYSE: $KT) Leverages AI in New National
Electricity Management Center in Uzbekistan
White
House Announces $1 Billion in Investments into AI, QIS, 5G etc…
Point Roberts WA, Vancouver BC – August 31, 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:
https://www.investorideas.com/Audio/Podcasts/2020/083120-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/08312AIEye-IBM-KT.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:KT)
IBM (NYSE:IBM) is leveraging AI and hybrid cloud
technologies to develop three unique and new tennis-based
digital experiences in partnership with the United States Tennis Association
(USTA). Specifically, the solutions were developed by digital design agency IBM
iX, and include: Open Questions with Watson
Discovery, Match Insights with Watson
Discovery, and AI Sounds.
According to the press release, they combine to “enable millions of fans around
the world to experience the excitement and vibrant debate surrounding the
iconic tennis Grand Slam, the first ever without fans on-site.” Noah Syken,
Vice President of Sports & Entertainment Partnerships, IBM, explained:
"COVID-19
brought disruption to sports as a whole, and the ability of fans to experience
live sporting events has been heavily impacted in 2020. At the same time, the
pandemic accelerated the need for engaging technologies using AI and
underpinned by a scalable hybrid cloud. As the technology partner to the USTA,
we transformed our offerings to meet tennis fans where they are this year - experiencing
the sport through the US Open digital properties everywhere."
South Korean telecom giant KT Corporation (NYSE:KT) has built a national data center to manage and
remote control electricity service for Uzbekistan. Leveraging AI-based analyses
of Big Data on smart meters, the data center “will introduce time-of-use
pricing, a measure designed to disperse on-peak demand to off-peak hours,”
enabling users “to monitor their power consumption and billing at an online
site in real time.” Park Yoon-Young, president of KT's Enterprise Business
Group, said:
"KT's
Uzbekistan project is part of the global business expansion of its AMI
(Advanced Metering Infrastructure) Energy Platform and latest AI (Artificial
Intelligence) and Big Data-based technologies. Following its success in
Uzbekistan, KT plans to expand its smart energy business to other nations
across Central Asia."
White
House Announces $1 Billion in Investments into AI, QIS, 5G etc…
The White House recently announced plans to
invest $1 billion into “industries of the future,” which includes “artificial
intelligence (AI), quantum information science (QIS), 5G communications, and
other key emerging technologies.” Specifically, this will take the form of $1
billion in awards for the establishment of 12 new AI and QIS R&D institutes
in the country. An excerpt reads:
These
collaborative research and education institutes will focus on a range of AI
R&D areas, such as machine-learning, synthetic manufacturing, precision
agriculture, and forecasting prediction.
A further excerpt reads:
The
establishment of these new national AI and QIS institutes will not only
accelerate discovery and innovation, but will also promote job creation and
workforce development.
Sam Mowers, Investorideas.com
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