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The AI Eye: Accenture (NYSE: ACN) Opens New Innovation Hub in Australia, HPE (NYSE: HPE) and Cray Unveil Next-Gen HPC & AI Portfolio

 

Point Roberts, WA and Vancouver, BC - November 22, 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: Accenture (NYSE: ACN) Opens New Innovation Hub in Australia, HPE (NYSE: HPE) and Cray Unveil Next-Gen HPC & AI Portfolio; #artificialintelligence

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

Stocks discussed: (NYSE:ACN) (NYSE:HPE)

Accenture (NYSE:ACN) has opened a new innovation hub for mining and energy in Perth, Australia. The hub gives mining and energy companies access to "technology innovations including cloud computing, artificial intelligence, the internet of things, virtual and augmented reality, quantum computing, blockchain and drones". Ann Burns, who leads Accenture's Resources sector in Australia and New Zealand, commented:

"With this new innovation hub, we are helping raise the innovation profile of Western Australia and Australia overall. We believe that the Western Australian energy and mining sectors can become world leaders in digitalization. Crucial to this is a focus on what we refer to as 'triple zero': ideas, design and technologies that help achieve zero harm to workers and machines, zero loss across the value chain, and zero waste for sustainability."

Hewlett Packard Enterprise Company (NYSE:HPE), along with recently-acquired supercomputer manufacturer Cray, Inc., has unveiled a next-generation high-performance computing (HPC) and Artificial Intelligence (AI) portfolio for the exascale era. Peter Ungaro, senior vice president and general manager, HPC and AI, at HPE, explained:

"The combination of HPE and Cray will redefine the supercomputing industry by delivering solutions and services that enable customers to thrive in the Exascale Era, helping them achieve significant breakthroughs and advances in business and society. Customers increasingly turn to HPE as trusted, global partner that can help them harness the full power of data to address their most pressing challenges. Through the combination of HPE and Cray offerings, we now give customers more choice and control in how they apply HPC, to span any size and scale, running in any environment, from on premises to the cloud."

EU Launching $2.2 Billion USD Blockchain and AI Investment Fund

Sifted reports that the European Commission and European Investment Fund (EIF) are launching a €2 billion ($2.2 billion USD) fund for blockchain and AI, in a bid to remain competitive with the U.S. and China. An excerpt outlines the current gulf between investment in Europe with that of the U.S. and China:

The differences are particularly stark in AI: US-based AI companies received around two-thirds of all private investment into AI between 2011 and 2018, while Chinese companies took in an average 21% of the global total, according to figures from the Organisation for Economic Co-operation and Development (OECD). Europe's share over that period, though increasing, was less than 10%.

An excerpt from a recent EIF blog post on the subject reads:

Imagine a world where waste is trimmed from supply chains, cutting costs and maximising efficiency, thanks to the transparent nature of blockchain. Or enhancing your natural abilities through AI technology. AI and blockchain can only change lives if they can be commercialised and used. We're looking forward to making that happen.

Sam Mowers, Investorideas.com

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