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The #AI Eye: Gopher (OTCQB: $GOPH) Finalizes Avant! Knowledge Retrieval Algorithm, Visión Banco Deploys H2O Driverless AI on IBM ( $IBM) Power Systems

Global Wearable AI Market to Hit $42.4 Billion USD by 2023 at a CAGR of 29.7%

 

Point Roberts, WA and Vancouver, BC - December 11, 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: Gopher (OTCQB: $GOPH) Finalizes Avant! Knowledge Retrieval Algorithm, Visión Banco Deploys H2O Driverless AI on IBM ( $IBM) Power Systems

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

Global Wearable AI Market to Hit $42.4 Billion USD by 2023 at a CAGR of 29.7%

MarketsandMarkets has released a new report analyzing the wearable AI market on the global level from 2018 to 2023. The report finds that the overall wearable AI market is projected to hit $42.4 billion USD in 2023 from $11.5 billion in 2018. This growth will exhibit a compound annual growth rate (CAGR) of 29.7 percent with the smart watch being the dominant form of wearable AI. Market drivers are identified as an increase in demand for AI assistants, augmentation of operations in healthcare industry, emergence of IoT and integration of wireless technology, growth prospects of wearable component technology, and increase in consumer preference and demand for advanced wearable devices.

Gopher Finalizes Avant! Knowledge Retrieval Algorithm, Visión Banco Deploys H2O Driverless AI on IBM Power Systems and Datametrex to Integrate Automated Sentiment Analysis into NexaIntelligence Platform

Stocks discussed: (OTCQB:GOPH) (NYSE:IBM) (TSXV:DM)

Gopher Protocol Inc. (OTCQB:GOPH) has finalized Avant! AI's Knowledge Retrieval Algorithm (KRA) thereby commencing its cognitive system development. Company CTO Dr. Danny Rittman explained:

"One of the most important and difficult tasks in information retrieval is to generate queries that can succinctly identify relevant documents and reject irrelevant documents. In Avant! AI we are addressing this task by context divide-and-conquer approach. Our KRA system analyzes documents, identifies and indexes text and then assigns different technique to "understand" its meaning and make a decision if it is viable or nonrelevant. In the case where the text is providing essential information, it will be added to the relevant database, otherwise it will be rejected. Typically, it is difficult to accomplish a successful search/analysis at the initial search, therefore we conduct searches iteratively and reformulate queries based on evaluation of the previously retrieved documents. One of the advanced methods that we developed is for automatic generation of improved queries. This method is a derivative of relevance-feedback technique. A query can be improved iteratively by taking an available query terms and adding more from the relevant documents, while subtracting terms from the irrelevant documents. This approach, in addition to probabilistic learning strategies enables our Avant! AI to extract knowledge fast and with the highest accuracy. With its upcoming cognitive capabilities users will be able to train Avant! with knowledge and information."

IBM (NYSE:IBM) and H2O.ai have announced that Paraguayan financial services provider, Visión Banco, has deployed H2O Driverless AI, H2O.ai's automatic machine learning platform, on the IBM Power Systems AC922 server. Ruben Diaz, data scientist at Visión Banco, explained the company's relationship with IBM Power Systems.

"By using Driverless AI on IBM Power Systems, we have been able to significantly improve the accuracy, in less time, of our credit risk scoring model. These new models are now in production doing credit scoring in real-time. We were also able to double the propensity for our banking customers to accept an offer of credit products, such as credit cards, which is a great result. We plan to use the platform for more use cases in the future."

Datametrex AI Limited (TSXV:DM) has announced that it will be integrating automated sentiment analysis into its NexaIntelligence AI platform. Claude G. Théoret, President of Datametrex's wholly-owned subsidiary Nexalogy, commented:

"This is a key development for Datametrex as it continues to invest in the development of the NexaIntelligence platform. Automated sentiment analysis will allow us to bid on more government RFP's and should be a new essential feature for our corporate and resource based clients."

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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