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The #AI Eye: Intel ($INTC) Responds AI Executive Order on AI, Accenture ( $ACN) Introduces Digital Identity and Access Management and Qualcomm ( $QCOM) Looks to Expand R&D in Taiwan

Autonomous Driving Market to Hit $172.3 Billion by 2024

 

Point Roberts, WA and Vancouver, BC - March 8, 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: Intel ( $INTC) Responds AI Executive Order on AI, Accenture ( $ACN) Introduces Digital Identity and Access Management and Qualcomm ( $QCOM) Looks to Expand R&D in Taiwan

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

Autonomous Driving Market to Hit $172.3 Billion by 2024

A report from Research and Markets indicates that Autonomous Vehicle market will reach $172.3 billion USD by 2024. An excerpt from the report summary reads:

Autonomous vehicles are poised to invoke a revolution in the automobile industry including public transportation systems, car rental and sharing systems, vehicle leasing and ownership, industrial transportation, and automotive insurance practices and systems. The degree of autonomy in vehicles is measured levels from zero (fully human operated) to five (fully automated system) with evolution from levels 1 through 4 consisting of an autopilot system combined with some level of human control or intervention capability. Autonomous vehicles are anticipated to become the foundation of transportation as a service globally

Intel Responds AI Executive Order on AI, Accenture Introduces Digital Identity and Access Management and Qualcomm Looks to Expand R&D in Taiwan

Stocks discussed: (NasdaqGS:INTC) (NYSE:ACN) (NasdaqGS:QCOM)

Intel Corporation (NasdaqGS:INTC) recently responded to last month's Executive Order on Maintaining American Leadership in Artificial Intelligence from the White House. Among other things, Intel called for the need to expand on the foundations laid by the initiative.

It's time for the U.S. to bet big on AI by building on the Executive Order to expand a National AI Strategy that includes specific measures to support and promote AI development and deployment. A comprehensive national AI strategy would earmark funding and resources for AI research and development, outline clear goals and accountability mechanisms, identify and remove barriers, drive public and private development and adoption of AI, and outline a program to mitigate negative or unintended consequences. A national strategy building on the aims of the Executive Order will facilitate and focus current U.S. efforts, paving the way for the future of AI.

Accenture (NYSE:ACN) has introduced a digital identity and access management (IAM) capability to "help organizations reduce the risk and costs associated with the over-provisioning of accounts tied to a user's identity." Still awaiting patent, the IAM streamlines access privilege management and "increases the accuracy and speed of near real-time updates to user privileges using artificial intelligence and machine learning to contextualize identity decisions and continuously keep up with ever-shifting changes to user access rights".

Qualcomm (NasdaqGS:QCOM) is aiming to hire an additional 200 R&D engineers in Taiwan this year, according to a report from DigiTimes. According to the piece, Qualcomm is:

"...scheduled to start operating three innovation centers in Taiwan later this year, as part of its efforts to collaborate with the local businesses and academies on the commercial development of 5G, AI and other technologies."

Sam Mowers, Investorideas.com


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