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The AI Eye: Oracle (NYSE: ORCL) Makes Cloud Data Science Platform Available and BrainChip (ASX: BRN) Allows Access to Akida Development Environment Without Pre-Approval

 

Point Roberts, WA and Vancouver, BC - February 12, 2020 (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: Oracle (NYSE: $ORCL) Makes Cloud Data Science Platform Available and BrainChip (ASX: BRN) Allows Access to Akida Development Environment Without Pre-Approval

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

Oracle Makes Cloud Data Science Platform Available and BrainChip Allows Access to Akida Development Environment Without Pre-Approval

Stocks discussed: (NYSE:ORCL) (ASX:BRN)

Oracle Corporation (NYSE:ORCL) has announced the availability of the Oracle Cloud Data Science Platform, the core of which is Oracle Cloud Infrastructure Data Science. The platform improves the efficiency of data science teams, and helps "enterprises to collaboratively build, train, manage and deploy machine learning models to increase the success of data science projects." Greg Pavlik, senior vice president product development, Oracle Data and AI Services, explained:

"Effective machine learning models are the foundation of successful data science projects, but the volume and variety of data facing enterprises can stall these initiatives before they ever get off the ground. With Oracle Cloud Infrastructure Data Science, we're improving the productivity of individual data scientists by automating their entire workflow and adding strong team support for collaboration to help ensure that data science projects deliver real value to businesses."

BrainChip Holdings Limited (ASX:BRN) has announced access to its Akida Development Environment (ADE) without pre-approval, enabling the development of systems for edge and enterprise products on the company's Akida Neural Processing technology. Louis DiNardo, CEO of BrainChip, commented:

"The enormous success of our early-adopters program allowed us to make ADE available to developers looking to use an Akida-based environment for their deep machine learning needs. This is an important milestone for BrainChip as we continue to deliver our technology to a marketplace in search of a solution to overcome the power- and training-intense needs that deep learning networks currently require. With the ADE, designers can access the tools and resources needed to develop and deploy Edge application neural networks on the Akida neural processing technology."

For more on BrainChip, feel free to revisit the Investorideas.com interview with CEO Louis DiNardo from September 2019.

Study from Enterprise Strategy Group and Oracle Looks at Impact of AI Adoption

A new study from Enterprise Strategy Group and Oracle titled: Emerging Technologies: The Competitive Edge for Finance and Operations, examines the impact of adopting AI technologies on giving organizations a competitive advantage. The study is based on a global survey of 700 finance and operations managers and executives conducted by Enterprise Strategy Group between September 19 to October 16, 2019, and includes "only respondents working at organizations with 1,000 or more employees or with annual revenues of $100M of more." Among the highlights outlined in the press release are that AI adoption has reduced errors in finance organizations by an average of 37 percent, has led to a better understanding of overall business performance, and that "digital assistants increase productivity by 36 percent and accelerate financial analysis by 38 percent."

Juergen Lindner, senior vice president, SaaS product marketing, Oracle, explained:

"AI, IoT, blockchain and digital assistant capabilities enable organizations to innovate faster, creating significant competitive advantage and driving increased profit for companies embracing those technologies more decisively than their competitors. The research finds that these technologies have become mainstream and organizations that sit on the sidelines risk their business relevance. To help our customers outpace change and consequently the competition, we continuously infuse emerging technologies directly into the business processes to ensure they can harness these business-changing technologies."

Sam Mowers, Investorideas.com

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