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The AI Eye: IBM ( $IBM) Extends Cloud Partnership with ServiceNow ( $NOW) and NVIDIA's ( $NVDA) Q3 Growth Down to Global AI Market

Canada's University of Alberta Receives Federal Funding to Construct AI Hub

 

Point Roberts, WA and Vancouver, BC - November 16, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The AI Eye: IBM ( $IBM) Extends Cloud Partnership with ServiceNow ( $NOW) and NVIDIA's ( $NVDA) Q3 Growth Down to Global AI Market

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Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Canada's University of Alberta Receives Federal Funding to Construct AI Hub

Alberta, one of Canada's westernmost provinces, could be a region to watch in the developing AI market landscape. Folio reports that Canada's federal government has announced $2.5 million CDN for the creation of the Artificial Intelligence-Supercomputing Hub for Academic and Industry Collaboration at the University of Alberta, today. The AI Hub will be equipped with "high performance computers capable of processing vast amounts of raw data". Federal funding will also go to help showcase local talent at this years AI and Interaction Digital Entertainment (AIIDE'18) International Conference, which, incidentally, is currently being held at the University of Alberta, its first time being hosted outside of the U.S. Amerjeet Sohi, the federal minister of natural resources who made the announcement of the funding, said:

"In a market of such potential, Canada must take part and I believe Edmonton can lead us. The AI-Hub will help Canada and Canadian businesses compete in the global innovation race to bring new technologies and products to market and bolster our economy."

The AI Hub is expected to open in spring 2019.

IBM Extends Cloud Partnership with ServiceNow, Intel Approves $15bn Increase in Stock Repurchase Program and NVIDIA's Q3 Growth Down to Global AI Market

Stocks discussed: (NYSE:IBM) (NYSE:NOW) (NasdaqGS:INTC) (NasdaqGS:NVDA)

IBM (NYSE:IBM) has extended its partnership with cloud computing company ServiceNow, Inc. (NYSE:NOW). Through this, IBM will deliver its MultiCloud Management Platform, which will be extended by ServiceNow's IT Service Management and IT Operations Management solutions. The partnership between the two companies aims at helping clients drive automation and gain operational visibility and governance across their multi-cloud environments. IBM General Manager of Infrastructure Services for Global Technology Services, Philip Guido, said:

"IBM is making bold moves to lead in enterprise hybrid cloud and is putting in place an innovation ecosystem comprising some of the biggest names in technology. With this partnership with ServiceNow, we are further advancing our respective strategies for multi-cloud computing and helping enterprises to unlock the full value of their IT investments."

Intel Corporation (NasdaqGS:INTC) has announced that its board of directors has approved a $15 billion USD increase to its stock repurchase program. As of September 9, 2018, Intel had $4.7 billion remaining under its existing repurchase authorization. The press release reads:

Intel focuses on building value by first investing in itself and growing its capabilities. The company then looks to supplement and strengthen its capabilities through acquisition and strategic investments. Finally, Intel provides the return realized by these investments to its shareholders through its dividend program and opportunistic stock repurchases.

NVIDIA Corporation (NasdaqGS:NVDA) has announced its financial results for the third quarter ending on October 28, 2018. Revenue from the period is up 21 percent from a year ago, increasing from $2.64 billion to $3.18 billion. Jensen Huang, the company's founder and CEO, explained that the growth of AI around the globe is propelling NVIDIA.

"AI is advancing at an incredible pace across the world, driving record revenues for our datacenter platforms. Our introduction of Turing GPUs is a giant leap for computer graphics and AI, bringing the magic of real-time ray tracing to games and the biggest generational performance improvements we have ever delivered."

Sam Mowers, Investorideas.com

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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.

AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

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