Follow the Money in Artificial Intelligence and Robotics
Companies Mentioned: (NASDAQ: $AMZN), (NYSE: $SQ), (OTCQB: $GOPH), (NYSE: $MS), ( $HSBC)
Point Roberts, WA - November 20, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including artificial Intelligence and robotics issues a sector snapshot and video showcasing companies using the technology, including Amazon.com (NASDAQ: AMZN). Square Capital (NYSE: SQ), Morgan Stanley (NYSE: MS), HSBC (NYSE: HSBC), Gopher Protocol Inc. (OTCQB: GOPH).
Apple co-founder Steve Wozniak also discusses the history and future of AI at Money20/20 and how he views the current state of the technology including self-driving cars (Tesla Motors: NASDAQ:TSLA).
According to CBinsights.com over $15B has been poured into AI companies in the last 5 years. All the big companies are investing in AI and machine learning technology as a path to the future; Apple, Google, IBM, Intel, Microsoft, NVidia, Qualcomm, Tesla Motors, Square and Amazon are amid an ever-growing list of players.
Research and Markets says "The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas. 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."
The Investor Ideas video creates a glimpse into the future of AI with thoughts from Steve Wozniak, Amazon, Square, Morgan Stanley and HSBC. There is also a recently released video from emerging IoT company Gopher Protocol Inc. (OTCQB: GOPH), that is using artificial intelligence (AI) to create what is believed to be the world's first "Smart Drone."
Watch the Video: Follow the money in AI and Robotics
In the video, Patrick Mang, Innovation Lead for Global Markets at HSBC (NYSE: HSBC) and Jeff McMillan, Chief Analytics & Data Officer at Morgan Stanley (NYSE: MS) discuss how AI is playing a key role in the future of banking and investing.
Head of Data Science for Square's (NYSE: SQ) business lending arm, Square Capital, Thomson Nguyen talks about how AI is helping to meet the unmet demand for capital for small business. He noted, "Machine learning and artificial intelligence allows us to service more people quicker and with fewer headcount and we can still provide the same personalized experience. With Square Capital in particular, we prescreen you ahead with a series of machine learning models including your revenue forecast, overall eligibility and probability of default if we were to give you a loan. Once these tests give us a positive result, you are approved and we can facilitate funds to you in 24 hours. It's a seamless, transparent process."
Dr. Matt Wood, Director, AWS Deep Learning - Amazon (NASDAQ: AMZN) Web Services shares how they use Artificial Intelligence and robotics in fulfillment and logistics.
Steve Wozniak shares an insightful, controversial and playful view of the role of AI in our lives, saying at one point, "Siri is like a friend and like a human. Its thinking is getting closer to the way humans really think. What happens if it hits economics? You look at your big financial trades and 80% of them its computer to computer in milliseconds. If you put a slow human in the middle you lose money. So what if you have a company and you skip the CEO and it makes more money?"
Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) says, "Every decade there is a quantum leap in AI and now AI is playing a major role in our lives without us even being aware of it."
In his personal career he worked at developing AI at several large companies before bringing his expertise to Gopher Protocol. Danny is a semiconductor designer with over twenty years of experience with companies such as Intel, DEC, IBM, and Qualcomm. He has worked on many prestigious Integrated Circuits projects; among them Intel's Pentium Pro, DEC's Alpha chip, among others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo Masks.
The company just announced Gopher Protocol's "dDrone" technology, which uses Artificial Intelligence (AI) to create what is believed to be the world's first "Smart Drone." Gopher AI drone technology uses machine learning to give drones advanced flight capabilities. Gopher's AI drone technology can solve complex problems related to geo-locations, weather conditions and obstacle avoidance.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (http://gopherprotocol.com/) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. Gopher believes this will be the first system that is developed using artificial intelligence based analysis engine. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide, Gopher envisions an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
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