The AI Eye: Intel (Nasdaq: $INTC) and Baidu (Nasdaq: $BIDU) Join to Develop Nervana Neural Network Processor, Baidu Announces New Version of DuerOS
Point Roberts, WA and Vancouver, BC - July 5, 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 (Nasdaq:INTC) and Baidu (Nasdaq:BIDU) Join to Develop Nervana Neural Network Processor, Baidu Announces New Version of DuerOS
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:INTC) (NasdaqGS:BIDU) (NasdaqGS:NICE)
Intel Corporation (NasdaqGS:INTC) and Baidu, Inc. (NasdaqGS:BIDU) are collaborating on the development of the Intel Nervana Neural Network Processor for Training (NNP-T) - a custom accelerator designed for training deep learning models. Naveen Rao, Intel corporate vice president and general manager of the AI Products Group, commented:
"The next few years will see an explosion in the complexity of AI models and the need for massive deep learning compute at scale. Intel and Baidu are focusing their decade-long collaboration on building radical new hardware, co-designed with enabling software, that will evolve with this new reality - something we call 'AI 2.0.'"
Baidu's upgraded conversational AI assistant, DuerOS 5.0, pushes the burgeoning AI technology forward with two major new features. Integrating AI into real-world applications, a new 'full-duplex' feature allows Xiaodu to respond without the need for a wake word, creating a continuous conversation experience for users. Further underscoring Baidu's pioneering vision for exceptional user experiences, DuerOS 5.0 also introduces a key feature that enables Xiaodu to recognize in sync when to reply and execute tasks and when to just listen and not to respond or react. The overall experience brings a seamless integration of AI to life, generating a more natural human-machine interaction.
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has partnered with AI firm WorldWatch Plus to work on the former's X-Sight Marketplace - a financial crime risk management-focused ecosystem. Craig Costigan, CEO, NICE Actimize, commented:
"We are excited that WorldWatch Plus®, who shares our common goal of fighting financial crime through the benefits of a marketplace ecosystem, is partnering with us and joining the X-Sight Marketplace community. By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations."
AI in Social Media Market to Hit $2.88 Billion by 2024
A report from Research and Markets finds that the AI in Social Media market will grow from $633.17 million in 2018 to $2.88 billion by 2024 with a compound annual growth rate (CAGR) of 28.77 percent in the forecast period. An excerpt from the market overview reads:
Integration of artificial intelligence technology with social media for effective advertising and to gain a competitive edge are driving the market.
Many institutions have adopted AI interfaced-chatbots for their client interactions with BFSI sector investing significantly in banking assistants. For instance, HDFC Bank transforming itself through technology introduced EVA (Electronic Virtual Assistant) Chatbot in 2018.
E-commerce companies are leveraging AI technology for personalized product recommendations on social media users' profiles. For instance, Amazon's product recommendations powered by AI are integrated into every aspect of the purchasing process.
Sam Mowers, Investorideas.com
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