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The AI Eye: #Apple (NasdaqGS: $AAPL) Names John Giannandrea as Senior VP of Machine Learning & #AI Strategy, Accenture (NYSE: $ACN) to Acquire Knowledgent and #Amazon (NasdaqGS: $AMZN) Expands Partnership with Air Transport Services Group (NasdaqGS: $ATSG)

Global RegTech Market to Hit $12.3 Billion USD by 2023 at a CAGR of 23.5%

 

Point Roberts, WA and Vancouver, BC - December 21, 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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Apple (NasdaqGS:AAPL) Names John Giannandrea as Senior VP of Machine Learning & AI Strategy, Accenture (NYSE:ACN) to Acquire Knowledgent and Amazon (NasdaqGS:AMZN) Expands Partnership with Air Transport Services Group (NasdaqGS:ATSG)

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

Global RegTech Market to Hit $12.3 Billion USD by 2023 at a CAGR of 23.5%

A new report from Research and Markets projects that the global market for Regulatory technology (RegTech), which includes the application of AI and machine learning, will grow from $4.3 billion USD in 2018 to $12.3 billion USD in 2023 at a Compound Annual Growth Rate (CAGR) of 23.5 percent. The report cites factors such as the increased cost of compliance, regulatory sandbox approach, and low entry barrier for Software-as-a-service based offerings as key market drivers in the space. Risk and compliance management is expected to hold the largest market size. An excerpt from the report summary reads:

Risk management has become a necessity for seamless business functioning. Taking timely inputs from incident and risk register; analyzing, identifying, monitoring, and controlling the risk; implementing risk impact analysis; and prioritizing the risks to enterprises are some of the major functionalities of risk management software. Enterprises with improper implementation of risk management programs are liable to risks such as paying large amounts in penalties for not conforming to regulatory requirements and reeling under financial crises due to mismanagement of financial controls or from natural calamities, such as earthquakes, fire, and flooding.

Apple Names John Giannandrea as Senior VP of Machine Learning & AI Strategy, Accenture to Acquire Knowledgent and Amazon Expands Partnership with Air Transport Services Group

Stocks discussed: (NasdaqGS:AAPL) (NYSE:ACN) (NasdaqGS:AMZN) (NasdaqGS:ATSG)

Apple (NasdaqGS:AAPL) has named John Giannandrea to the company's executive team as senior vice president of Machine Learning and Artificial Intelligence Strategy. Giannandrea will be responsible for strategy for AI and Machine Learning across all Apple products and services, as well as the development of Core ML and Siri. Apple CEO Tim Cook commented:

"John hit the ground running at Apple and we are thrilled to have him as part of our executive team. Machine learning and AI are important to Apple's future as they are fundamentally changing the way people interact with technology, and already helping our customers live better lives. We're fortunate to have John, a leader in the AI industry, driving our efforts in this critical area."

Accenture (NYSE:ACN) has entered into an agreement to acquire data intelligence company Knowledgent. Knowledgent provides data strategy and architecture, data engineering, and data management services. Bhaskar Ghosh, group chief executive of Accenture Technology Services, commented:

"We are in the midst of a data revolution, powered by new technologies. Enterprises are using data to gain deep insights into all aspects of their businesses and customers, and build a strong competitive advantage to gain market share. With the acquisition of Knowledgent, we can accelerate our data services to clients, using Knowledgent's top-notch talent, industry experience and proven data solutions."

Amazon (NasdaqGS:AMZN) has expanded its partnership with Air Transport Services Group, Inc. (NasdaqGS:ATSG) by leasing an additional 10 aircraft to support growth. Senior Vice President of Worldwide Operations at Amazon Dave Clark said:

"By expanding the Amazon Air network through our partnership with ATSG we're able to ensure we have the capacity to quickly and efficiently deliver packages to customers for years to come."

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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