The
#AIEye Episode 371: IBM (NYSE: $IBM) Announces Watson Works and Intel
(NasdaqGS: $INTC) Introduces Xeon Processors with Additions to #AI Portfolio
Global
ANN Market to Reach $461.1 Million by 2027
Point Roberts WA, Vancouver BC – June 18, 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.
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Today’s
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AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NasdaqGS:INTC)
IBM (NYSE:IBM) has announced Watson Works, described in the press
release as “a curated set of products that embeds Watson artificial
intelligence (AI) models and applications to help companies navigate many
aspects of the return-to-workplace challenge following lockdowns put in place
to slow the spread of COVID-19.” Bob Lord, Senior Vice President, Cognitive
Applications, Blockchain and Ecosystems, IBM, explained:
"We've
designed Watson Works to help businesses navigate the workplace with the
ongoing COVID-19 health crisis as effectively as possible. Applying AI models
and applications is especially useful in this context, where there are so many
different sources of information businesses must consider, and every aspect of
the situation is in flux."
Intel Corporation (NasdaqGS:INTC) has introduced its 3rd Gen Intel® Xeon® Scalable
processors, which among other things, enables “customers to accelerate the
development and use of artificial intelligence (AI) and analytics workloads
running in data center, network and intelligent-edge environments.” Lisa
Spelman, Intel corporate vice president and general manager, Xeon and Memory
Group, said:
"The
ability to rapidly deploy AI and data analytics is essential for today’s
businesses. We remain committed to enhancing built-in AI acceleration and
software optimizations within the processor that powers the world’s data center
and edge solutions, as well as delivering an unmatched silicon foundation to
unleash insight from data."
Global
ANN Market to Reach $461.1 Million by 2027
A report published by Research and Markets finds that the global
market for Artificial Neural Networks (ANN) is expected to grow from $117.00
million in 2019 to $461.10 million by 2027 with a compound annual growth rate
(CAGR) of 18.7 percent in the forecast period 2019-2027. An excerpt from the
report description defines the market:
Artificial
Neural Network (ANN) is a vital subset of machine learning that helps computer
scientists in their work on complex tasks, such as, strategizing, making
predictions, and recognizing trends. It is not like other machine learning
algorithms that crunch numbers or organize data; it is an algorithm that learns
from experience and repeated tasks performed by its users. ANN is a
computational model based on the functions and structure of biological neural
networks.
Sam Mowers, Investorideas.com
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