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AI Eye Episode 399: AWS (NasdaqGS: $AMZN) Makes Fraud Detector Generally Available and HPE (NYSE: $HPE) Chosen to Power Edinburgh International Data Facility

 

Point Roberts, WA and Vancouver, BC - July 29, 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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AI Eye Episode 399: AWS (NasdaqGS: $AMZN) Makes Fraud Detector Generally Available and HPE (NYSE: $HPE) Chosen to Power Edinburgh International Data Facility

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

Stocks discussed: (NasdaqGS:AMZN) (NYSE:HPE)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Amazon Fraud Detector, described in the press release as "a fully managed service that makes it easy to quickly identify potentially fraudulent online activities like online payment and identity fraud," which leverages machine learning. Swami Sivasubramanian, Vice President, Amazon Machine Learning, AWS, explained:

"Customers of all sizes and across all industries have told us they spend a lot of time and effort trying to decrease the amount of fraud occurring on their websites and applications. By leveraging 20 years of experience detecting fraud coupled with powerful machine learning technology, we're excited to bring customers Amazon Fraud Detector so they can automatically detect potential fraud, save time and money, and improve customer experiences-with no machine learning experience required."

Hewlett Packard Enterprise Company (NYSE:HPE) has been chosen to power the Edinburgh International Data Facility (EIDF), where, according to the press release, it will deliver "an end-to-end infrastructure featuring its industry-leading high-performance computing (HPC) and artificial intelligence (AI) solutions powered by HPE Apollo Systems and HPE Superdome Flex Servers, as well as HPE Ezmeral Container Platform software capabilities." Lee Rand, Director of high-performance computing and artificial intelligence at HPE EMEA, explained:

"We were chosen due to the flexibility and reliability offered through our end-to-end solutions portfolio, and because we were one of the very few organizations able to seamlessly combine all of the Edinburgh International Data Facility's requirements into a single framework. In the data-centric era deriving insights and value from across multiple datasets will be a key to success for business and government alike. We look forward to boosting the UK's capacity for data-driven innovation through this initiative."

Global AI Market to Reach $266.92 Billion by 2027

A report from Fortune Business Insights finds that the global AI market will grow from $27.23 billion in 2019 to $266.92 billion by 2027 with a compound annual growth rate (CAGR) of 33.2 percent in the forecast period 2020-2027. An excerpt from the report summary outlines key drivers observed in the market:

The rising number of connected devices and growing adoption of Internet of Things (IoT) are driving the market growth. Proliferation of cloud-based applications across healthcare, retail, manufacturing, and Banking, Financial Services, & Insurance (BFSI) industries and growing sophistication of cyber-attacks are providing new opportunities for the expansion of the artificial intelligence market. For instance, the usage of machine learning (ML) in accurately detecting cancer cells is likely to boost its demand in the healthcare industry.

Sam Mowers, Investorideas.com

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