The
#AIEye: Accenture (NYSE: $ACN) Opens New Innovation Hub in Australia, HPE (NYSE:
$HPE) and Cray Unveil Next-Gen HPC & #AI Portfolio
EU
Launching $2.2 Billion USD #Blockchain and #AI Investment Fund
Point Roberts WA, Vancouver BC – November 22, 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: (NYSE:ACN) (NYSE:HPE)
Accenture (NYSE:ACN) has opened a new innovation hub for mining and
energy in Perth, Australia. The hub gives mining and energy companies access to
“technology innovations including cloud computing, artificial intelligence, the
internet of things, virtual and augmented reality, quantum computing,
blockchain and drones”. Ann Burns, who leads Accenture’s Resources sector in
Australia and New Zealand, commented:
“With
this new innovation hub, we are helping raise the innovation profile of Western
Australia and Australia overall. We believe that the Western Australian energy
and mining sectors can become world leaders in digitalization. Crucial to this
is a focus on what we refer to as ‘triple zero’: ideas, design and technologies
that help achieve zero harm to workers and machines, zero loss across the value
chain, and zero waste for sustainability.”
Hewlett Packard Enterprise Company (NYSE:HPE), along with recently-acquired
supercomputer manufacturer Cray, Inc., has unveiled a next-generation high-performance
computing (HPC) and Artificial Intelligence (AI) portfolio for the exascale
era. Peter Ungaro, senior vice president and general manager, HPC and AI, at
HPE, explained:
“The
combination of HPE and Cray will redefine the supercomputing industry by
delivering solutions and services that enable customers to thrive in the
Exascale Era, helping them achieve significant breakthroughs and advances in business
and society. Customers increasingly turn to HPE as trusted, global partner that
can help them harness the full power of data to address their most pressing
challenges. Through the combination of HPE and Cray offerings, we now give
customers more choice and control in how they apply HPC, to span any size and
scale, running in any environment, from on premises to the cloud.”
EU
Launching $2.2 Billion USD Blockchain and AI Investment Fund
Sifted reports that the European Commission
and European Investment Fund (EIF) are launching a €2 billion ($2.2 billion
USD) fund for blockchain and AI, in a bid to remain competitive with the U.S.
and China. An excerpt outlines the current gulf between investment in Europe
with that of the U.S. and China:
The
differences are particularly stark in AI: US-based AI companies received around
two-thirds of all private investment into AI between 2011 and 2018, while
Chinese companies took in an average 21% of the global total, according to figures from the Organisation for Economic
Co-operation and Development (OECD). Europe’s share over that period, though
increasing, was less than 10%.
An excerpt from a recent EIF blog post on the subject reads:
Imagine
a world where waste is trimmed from supply chains, cutting costs and maximising
efficiency, thanks to the transparent nature of blockchain. Or enhancing your
natural abilities through AI technology. AI and blockchain can only change
lives if they can be commercialised and used. We’re looking forward to making
that happen.
Sam
Mowers, Investorideas.com
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