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The AI Eye Episode 371: IBM (NYSE: $IBM) Announces Watson Works and Intel (NasdaqGS: $INTC) Introduces Xeon Processors with Additions to AI Portfolio

 

Point Roberts, WA and Vancouver, BC - June 18, 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 Episode 371: IBM (NYSE: $IBM) Announces Watson Works and Intel (NasdaqGS: $INTC) Introduces Xeon Processors with Additions to AI Portfolio

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

Stocks discussed: (NYSE:IBM) (NasdaqGS:INTC)

IBM (NYSE:IBM) has announced Watson Works, described in the press release as "a curated set of products that embeds Watson artificial intelligence (AI) models and applications to help companies navigate many aspects of the return-to-workplace challenge following lockdowns put in place to slow the spread of COVID-19." Bob Lord, Senior Vice President, Cognitive Applications, Blockchain and Ecosystems, IBM, explained:

"We've designed Watson Works to help businesses navigate the workplace with the ongoing COVID-19 health crisis as effectively as possible. Applying AI models and applications is especially useful in this context, where there are so many different sources of information businesses must consider, and every aspect of the situation is in flux."

Intel Corporation (NasdaqGS:INTC) has introduced its 3rd Gen Intel® Xeon® Scalable processors, which among other things, enables "customers to accelerate the development and use of artificial intelligence (AI) and analytics workloads running in data center, network and intelligent-edge environments." Lisa Spelman, Intel corporate vice president and general manager, Xeon and Memory Group, said:

"The ability to rapidly deploy AI and data analytics is essential for today's businesses. We remain committed to enhancing built-in AI acceleration and software optimizations within the processor that powers the world's data center and edge solutions, as well as delivering an unmatched silicon foundation to unleash insight from data."

Global ANN Market to Reach $461.1 Million by 2027

A report published by Research and Markets finds that the global market for Artificial Neural Networks (ANN) is expected to grow from $117.00 million in 2019 to $461.10 million by 2027 with a compound annual growth rate (CAGR) of 18.7 percent in the forecast period 2019-2027. An excerpt from the report description defines the market:

Artificial Neural Network (ANN) is a vital subset of machine learning that helps computer scientists in their work on complex tasks, such as, strategizing, making predictions, and recognizing trends. It is not like other machine learning algorithms that crunch numbers or organize data; it is an algorithm that learns from experience and repeated tasks performed by its users. ANN is a computational model based on the functions and structure of biological neural networks.

Sam Mowers, Investorideas.com

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