AI News, NYSE:AI artificial intelligence
Why the U.S. Should Be the Epicenter of Artificial Intelligence (AI) Industry
PALM BEACH, Florida, Oct. 8, 2019 /PRNewswire/ -- Many observers equate the rise/appearance of artificial intelligence (AI) with a prophetical statement made in 1969 to paraphrase, AI is "a giant leap for Mankind"!
Grandview felt that the North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base.
They also said: "Advances in image and voice recognition are driving the growth of the AI market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics."
Another industry source, "Markets and Markets", in a new report has projected that the revenues will skyrocket within the next few years, saying: "The artificial intelligence market is expected to be valued at USD 21.5 billion in 2018 and is likely to reach USD $190.6 billion by 2025, at a CAGR of 36.6% during the forecast period.
Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and an increase in demand for intelligent virtual assistants.
In addition, the rising adoption of deep learning algorithms to derive vital information generated from wearables and electronic health record (EHR) systems and its use in drug discovery application are the key factors driving the market growth.
The CRADA agreement marks a pivotal milestone for Hawkeye to work collaboratively with the DOD within their various departments to streamline process and further build upon their technology capabilities.
"Today's announcement is a testament to our commitment to continue to deliver highly resilient, scalable and secure services, so clients can adopt hybrid cloud with confidence and know that our services integration model will give them the competitive advantages they need."
Custom-designed to address the diverse needs of these growing audiences, the new Xeon W-2200 and X-series processors are targeted to be available starting November, along with a new pricing structure that represents an easier step up for creators and enthusiasts from Intel Core S-series mainstream products.
Additionally, this new lineup features Intel® Turbo Boost Max Technology 3.0, which has been further enhanced to help software, such as for simulation and modeling, run as fast as possible by identifying and prioritizing the fastest available cores.
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Artificial Intelligence at Investment Banks – 5 Current Applications
Automation and AI already have several applications in banking and finance, and over the last few years, the fintech sector has been witnessing a spate of new artificial intelligence applications due to the availability of new data sources, and the proliferation artificial intelligence tools and techniques.
From our research, we’ve determined that the possibility-space for what AI can do for investment banking is somewhat nascent. Although there have been inroads for this technology in the banking industry, they have mostly been transferrable use-cases from other branches of finance. In this article, we’ll discuss five current AI applications in investment banking. We’ve separated the researched applications noted in this article into three categories: With this research, we hope to give members of the industry a look at the near-term applications of AI, as well as take-aways that may assist in a company or banks future AI-related decisions.
We explain in further detail below: For more information on how AI can facilitate wealth management and other aspects of trade and finance, download the Executive Brief for our AI in Banking Vendor Scorecard and Capability Map report. According to Man, their platform can be integrated with existing trading systems and can automatically route trades that an investment firm’s traders are executing. Whenever a trade is executed either by the internal algorithms, external dealer algorithms or from a trading desk, the order is first sent to the AI platform which routes the trade in the most efficient and cost optimized manner by breaking the order into smaller trades in many cases.
And for banks their brand and the products they can actually sell to their consumers is their lifeblood.” It is apparent that Samet thinks facilitating user engagement with both a bank’s brand and their commerce channels is of great importance when considering how to better collect funds from customers.
The 6-minute video given below from Man AHL explains how their fund manager uses AI in quantitative finance: From out preliminary research we see that Man AHLs fund performance has had mixed results since its inception in 2010 although there seems to be a definite positive performance trend over the last 3 years (apart from a slight slump in 2017. Although we could not find much information about how much money the company might have saved by using machine learning for routing trades.
BNP Paribas Securities Services (which provides treasury finance and advisory services for investment managers and firms) announced the implementation of a trade matching tool called Smart Chaser which uses predictive analysis to automate trade processing services.
BNP claims their software tool can monitor trades executed by investment managers or their clients in real-time and prompt users with a notification when a trade with a higher risk of manual intervention is detected and suggests a list of alternative trading channels for faster executions. We could not find any demo video from BNP showing evidence of how the Smart Chaser platform uses machine learning to assist investment managers with trade matching.
Image from ING ING claims that pilot testing of their Katana platform for traders in the emerging markets (EM) desk in London showed that they were able to quote prices faster for 90% of trades, reduce the cost of trading and traders quoted the best possible price more frequently.
For example, the company claims that they can help investment firms optimize the process of obtaining market information to identify investment opportunities using AI algorithms (like document classification or named entity recognition).
The AI Eye: HPE Completes Acquisition of Cray, Avnet Expanding E-Commerce in China Through Alibaba Alliance and Arlo Makes Pro 3 Camera System Available | FinancialContent Business Page
Point Roberts, WA and Vancouver, BC - September 25, 2019 (Investorideas.com Newswire) 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.
Hear the AI Eye on Spotify Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence Hewlett Packard Enterprise Company (NYSE:HPE) has completed its acquisition of supercomputer company Cray Inc., paying $35.00 per share, in a transaction valued at approximately $1.4 billion, net of cash.
According to the press release, the following benefits are expected to emerge from the two companies' combination: Phil Davis, president, Hybrid IT, Hewlett Packard Enterprise, explained: 'Bringing together Cray and HPE establishes the most comprehensive end-to-end portfolio across compute, storage, software and services in the fast-growing high performance computing and artificial intelligence market segments.
By giving them easy access to feature-rich products that integrate hardware and cloud, plus experts in the Avnet ecosystem that can help them overcome the challenges of scaling to production, Chinese developers will be able to take their IoT solutions to market faster than before.'
report from Research and Markets finds that the global AI Governance market is projected to grow from $51 million in 2019 to $316 million in 2025 with a compound annual growth rate (CAGR) of 44.3 percent in that forecast period.
Sam Mowers, Investorideas.com Read and hear other editions of the AI Eye For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content.
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- On Thursday, February 20, 2020
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