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The AI Eye: Amazon ( $AMZN) Expands Toronto Tech Hub, Accenture ( $ACN) Granted Quantum Computing Patent

Global AI Robots Market to Hit $12 Billion by 2023 at a CAGR of 28%

 

Point Roberts, WA and Vancouver, BC - December 19, 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: Amazon ( $AMZN) Expands Toronto Tech Hub, Accenture ( $ACN) Granted Quantum Computing Patent

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

Global AI Robots Market to Hit $12 Billion by 2023 at a CAGR of 28%

The global AI Robots market is projected to grow at a compound annual growth rate of 28.24 percent from 2018 to 2023, according to new research from Market Research Future. The research also finds that the market, which was valued at $2.96 billion USD in 2017, will grow to $12.01 billion USD by 2023. An excerpt from the report description reads:

The AI robots market is expected to make smooth progress over the coming years due to widespread popular and government support. AI robots represent the peak of what is technically possible in the robotics field at present and are being used in an increasingly diverse range of applications. The applicability of AI robots is highly diverse and is becoming increasingly diversified as new applications are discovered regularly. The increasing demand for the adoption of AI robots for companionship and entertainment is likely to be a major driver for the global AI robots market over the forecast period.

Amazon Expands Toronto Tech Hub, Accenture Granted Quantum Computing Patent and BrainChip Announces Improved Facial Recognition AI

Stocks discussed: (NasdaqGS:AMZN) (NYSE:ACN) (ASX:BRN)

Amazon (NasdaqGS:AMZN) has announced the expansion of its Toronto Tech Hub. This move is intended to create 600 tech jobs in the city in fields including software development, machine learning, cloud computing, digital advertising, and artificial intelligence. Facilitating this expansion is a 113,000 square foot office in downtown Toronto.

Accenture (NYSE:ACN) has been granted a US patent for a "multi-state quantum optimization engine" that leverages quantum computing technology to help organizations optimize business decision making with unprecedented efficiency and effectiveness, according to a press release today. Commenting on the news, chief analytics officer of Accenture Applied Intelligence, Narendra Mulani, said:

"In rapidly shifting markets, companies need to be able to predict their next best action both quickly and precisely. Integrating both classical and quantum computing devices could allow organizations to run simulations at a massive scale to determine best possible outcomes. It's a truly visionary concept - clients can apply it to solving optimization tasks from a wide range of applications, such as machine learning, information security, pattern recognition, image analysis, and bioinformatics."

BrainChip Holdings Limited (ASX:BRN) has announced the BrainChip Studio 2018.3, an update for its award-winning BrainChip Studio AI-powered video analysis software. One of the key developments mentioned about this new version is an improvement in facial classification accuracy of 10 to 30 percent. Bob Beachler, BrainChip's Senior Vice President of Marketing and Business Development said:

"We are always looking for ways to continually improve our products by listening to our customer requests. Not surprisingly, improving accuracy is typically at the top of list for video analytic software. With BrainChip Studio 2018.3 we were able to provide a dramatic increase in accuracy."

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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