The
#AIEye: Intel (Nasdaq: $INTC) and Baidu (Nasdaq: $BIDU) Join to Develop Nervana
Neural Network Processor, Baidu Announces New Version of DuerOS
#AI
in Social Media Market to Hit $2.88 Billion by 2024
Point Roberts WA, Vancouver BC – July 5, 2019 – 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: (NasdaqGS:INTC) (NasdaqGS:BIDU) (NasdaqGS:NICE)
Intel Corporation (NasdaqGS:INTC) and Baidu, Inc. (NasdaqGS:BIDU) are collaborating on the development of the
Intel Nervana Neural Network Processor for Training (NNP-T) – a custom
accelerator designed for training deep learning models. Naveen Rao, Intel
corporate vice president and general manager of the AI Products Group,
commented:
“The
next few years will see an explosion in the complexity of AI models and the
need for massive deep learning compute at scale. Intel and Baidu are focusing
their decade-long collaboration on building radical new hardware, co-designed
with enabling software, that will evolve with this new reality – something we
call ‘AI 2.0.’”
At the Baidu Create 2019 AI Developer Conference,
Baidu, Inc. (NasdaqGS:BIDU) announced a new version of its
DuerOS personal assistant. According to the press release:
Baidu’s
upgraded conversational AI assistant, DuerOS 5.0, pushes the burgeoning AI
technology forward with two major new features. Integrating AI into real-world
applications, a new ‘full-duplex’ feature allows Xiaodu to respond without the
need for a wake word, creating a continuous conversation experience for users.
Further underscoring Baidu’s pioneering vision for exceptional user
experiences, DuerOS 5.0 also introduces a key feature that enables Xiaodu to
recognize in sync when to reply and execute tasks and when to just listen and
not to respond or react. The overall experience brings a seamless integration
of AI to life, generating a more natural human-machine interaction.
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has partnered with AI firm WorldWatch Plus to work
on the former’s X-Sight Marketplace – a financial crime risk management-focused
ecosystem. Craig Costigan, CEO, NICE Actimize, commented:
“We
are excited that WorldWatch Plus®, who shares our common goal of fighting
financial crime through the benefits of a marketplace ecosystem, is partnering
with us and joining the X-Sight Marketplace community. By connecting via a
cloud environment, community participants will experience a quicker time to
value and minimized integration cost as they evaluate new solutions for their
financial services organizations.”
AI
in Social Media Market to Hit $2.88 Billion by 2024
A report from Research and Markets
finds
that the AI in Social Media market will grow from $633.17 million in 2018 to
$2.88 billion by 2024 with a compound annual growth rate (CAGR) of 28.77
percent in the forecast period. An excerpt from the market overview reads:
Integration
of artificial intelligence technology with social media for effective
advertising and to gain a competitive edge are driving the market.
Many
institutions have adopted AI interfaced-chatbots for their client interactions
with BFSI sector investing significantly in banking assistants. For instance,
HDFC Bank transforming itself through technology introduced EVA (Electronic Virtual
Assistant) Chatbot in 2018.
E-commerce
companies are leveraging AI technology for personalized product recommendations
on social media users’ profiles. For instance, Amazon’s product recommendations
powered by AI are integrated into every aspect of the purchasing process.
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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