The
#AIEye: Grupo Piñero Adopts IBM (NYSE: $IBM) #AI and Cloud Solutions and
Intel’s (Nasdaq: $INTC) Jack Weast Selected to Lead IEEE Safe Automated Vehicle
Decision-Making Proposal
Global
NLP Market to Reach $26.4 Billion by 2024
Point Roberts WA, Vancouver BC – December 20, 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:IBM) (NasdaqGS:INTC) (NasdaqGS:NVDA)
Spanish tourism group
Grupo Piñero has adopted AI, public cloud and hybrid cloud
solutions from IBM (NYSE:IBM) to “accelerate the development of
new customer-facing digital applications and modernize existing applications”. Sebastian
Krause, General Manager, IBM Cloud & Cognitive Software Europe, commented:
"As
enterprises enter the next phase of their digital reinvention, they are rapidly
turning to hybrid cloud and AI solutions to develop new experiences for their
customers and drive new levels of efficiency. With IBM Cloud and IBM Watson,
Grupo Piñero is infusing AI into its business to derive insights and extract
knowledge from critical data on the cloud in order to make better business
decisions."
Jack Weast, Senior Principal
Engineer for Intel Corporation (NasdaqGS:INTC) has been selected to lead “a proposal to develop a
standard for safety considerations in automated vehicle (AV) decision-making”
for the Institute of Electrical and Electronics Engineers (IEEE). An excerpt
from the press release outlines Intel’s role in the endeavor:
Intel
will bring its Responsibility-Sensitive Safety (RSS) framework as a starting
point for the industry to align on what it means for an AV to drive safely.
Open and technology-neutral, RSS defines what it means for a machine to drive
safely with a set of logically provable rules and prescribed proper responses
to dangerous situations. It formalizes human notions of safe driving in
mathematical formulas that are transparent and verifiable.
Riccardo Mariani, vice president of Standards
Activities at IEEE Computer Society and vice president of Industry Safety at
NVIDIA (NasdaqGS:NVDA), commented:
"This
standardization project will provide an important basis for the development of
open, formal models in automated vehicle decision-making. Redundancy and
diversity are crucial to developing scalable frameworks for safe automated
driving."
Global
NLP Market to Reach $26.4 Billion by 2024
A report from Research and Markets finds that the global
Natural Language Processing (NLP) market will grow from $10.2 billion in 2019
to $26.4 billion by 2024 with a compound annual growth rate (CAGR) of 21
percent in the forecast period. An excerpt outlines the banking, financial
services and insurance (BFSI) vertical which is projected to hold the largest
market share in the forecast period:
Companies
across the BFSI sector need to retain customers, cut costs, and increase
profits and comply with the changing rules and regulations. NLP-based products
are helping companies in the BFSI industry mitigate risks through applications
majorly in information retrieval, intent parsing, and customer service and
compliance process automation applications, among others. Automating the
processes using solutions based on NLP has not only helped firms in the BFSI
sector improve productivity, but made the interpretation process less prone to
errors, optimized the way companies deal with structured and unstructured data,
and acquired important customer data that they may not have had otherwise.
Sam
Mowers, Investorideas.com
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