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The #AI Eye: VSBLTY Introduces Edge Software, Amazon to Acquire eero and Wipro Sets Up AI Chair At Swinburne University in Melbourne

Stocks discussed: (NasdaqGS:INTC) (NasdaqGS:AMZN) (NYSE:WIT)

President Trump Signs Executive Order For "American AI Initiative"

 

Point Roberts, WA and Vancouver, BC - February 12, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) 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: VSBLTY Introduces Edge Software, Amazon to Acquire eero and Wipro Sets Up AI Chair At Swinburne University in Melbourne

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

President Trump Signs Executive Order For "American AI Initiative"

The Associated Press reports that President Donald Trump signed an executive order yesterday, encouraging greater investment, research and development in artificial intelligence technology. Known as the American AI Initiative, the order did not include specific allocations of funds to the sector, leaving it up to Congress to direct money.

Though the U.S. currently leads the world in terms of AI innovation, the White House has received pressure from experts and industry leaders to develop a national AI strategy as other countries, such as China, ramp up state investment in the technology.

The piece quotes Kate Crawford, a co-director of New York University's AI Now Institute, who spoke critically of the vagueness of the Initiative:

"AI policy isn't an autonomous vehicle. You basically need a detailed plan or it's going to run off the road."

VSBLTY Introduces Edge Software, Amazon to Acquire eero and Wipro Sets Up AI Chair At Swinburne University in Melbourne

Stocks discussed: (NasdaqGS:INTC) (NasdaqGS:AMZN) (NYSE:WIT)

VSBLTY, a leading retail software and technology company that provides audience measurement using the power of machine learning through computer vision, has announced the introduction of its new Edge Software, which increases speed and precision while reducing the cost of computer processing. This video explains the technology.

VSBLTY CTO Tim Huckaby explained how the company utilizes Intel's (NasdaqGS:INTC) OpenVINO™ platform to run VSBLTY's machine learning algorithms on the edge:

"Intel's OpenVINO system allows us to hot swap in machine learning models without reprogramming. For example, we may have a retail project where we are recognizing different brands of consumer products and just as easily-on the security side-identify various kinds of weapons in real time at the same time."

Amazon (NasdaqGS:AMZN) has announced that it will acquire home mesh WiFi company eero. According to the press release, "eero uses multiple access points that work together as a system to blanket a home in high-performing, reliable, and simple home WiFi. Customers can customize an eero system to meet the needs of their home-regardless of shape or size-eliminating dead zones, ensuring perfect streaming video in every room, and delivering the bandwidth all connected devices need". Dave Limp, SVP of Amazon Devices and Services, said:

"We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work. We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers."

Wipro Limited (NYSE:WIT) recently announced they had set up a Chair for Artificial Intelligence at the Swinburne University of Technology, Melbourne, Australia. The current Director of Swinburne's Key Lab for Intelligent Software Systems, and the head of Artificial Intelligence and Intelligent Agent Technology research group at Swinburne, Professor Ryszard Kowalczyk, has been appointed to the newly created position. This compliments a plan between Wipro and Swinburne University to establish a "joint innovation centre to conduct high-impact, industry-focussed research in the areas of Artificial Intelligence (AI) and Machine Learning (ML) with specific applications for digital health and smart cities".

Sam Mowers, Investorideas.com


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